Global Streaming Media Devices Market Driven by Rising Adoption of Smart TVs


Published Date : Nov 07, 2016

Albany, NY, Nov 07, 2016: The report studies the global streaming media devices market and presents reliable forecasts regarding the market’s trajectory till 2020. The report includes a detailed review of the global streaming media devices market’s past growth pattern, including an reports of key drivers and restraints and how they are expected to affect the market’s growth in the coming years. The report is titled ‘Global Streaming Media Device Market 2016-2020’ and is available for sale on the official website of MarketResearchReports.biz. 

Streaming media devices allow users to view online content on a display device such as monitors and smart TVs. Streaming media devices are the equivalent of a set top box in today’s Internet-dominated age and are likely to become increasingly popular over the coming years. According to the report, the global streaming media devices market is expected to rise to a total shipment volume of 439.8 mn units by 2020. The promising growth prospects of the streaming media devices are illustrated in its robust expected CAGR of 17.45% in the 2016-2020 forecast period. 

The prime driver for the global streaming media devices market is the rising demand for online content viewing from the urban population. In addition to this, the widespread use of advanced smart devices such as smartphones and smart TVs is another key driver for the streaming media devices market. 

Geographically, the streaming media devices market is dominated by North America, Europe, and the Middle East. In these regions, the easy availability of advanced consumer electronics and the high disposable income of consumers has provided the streaming media devices market an environment highly conducive for sustained growth. 

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While these regions are currently among the leading consumers of streaming media devices, the rising demand for premium consumer electronics in Asia Pacific is likely to play a key role in the development of the global streaming media devices market in the coming years. The Asia Pacific market for streaming media devices holds the highest CAGR of all regional segments of the global market and is likely to become a dominant force in the market in the coming years. 

A key factor likely to have an impact on the development of the streaming media devices industry in the coming years is the smooth development of virtual reality (VR) software and 360-degree videos. These technologies are witnessing growing demand due to the significant increase in viewing pleasure. Streaming media devices compatible with these technologies are thus likely to become an important revenue generator for the global streaming media devices market in the coming years. 

The report also provides a thorough overview of the competitive landscape of the global streaming media devices market. Key players such as Microsoft, Google, Amazon, and Sony are profiled in the report, including information about their revenue in the recent past and business segmentation by revenue and operation. 

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