Industry Outlook and Trend Analysis
The Streaming Devices Market was worth USD 3.61 billion in the year of 2014 and is expected to register itself at a compound annual growth rate (CAGR) of 19.94% during the forecast period. Developing reliance on the web and the ascent in audio and video streaming exercises is driving the streaming devices market. The developing pattern of incorporating internet connectivity in day-to-day objects is a prime factor advancing the development. These systems enable the customer to stream audio and video substance directly onto their TVs without the constraints on the versatility and issues relating to the usage of memory space. Moreover, they likewise give instant playback and enable the user to watch different streams at adaptable timings, giving high points of interest over customary devices. Consumer dependence on the internet for consistently capacities, for example, education, entertainment, and payments, is prompting a shift far from customary platforms to the advanced domain.
Price Outlook and Trend Analysis
Streaming devices market patterns exhibits that the USD 30 – 100 range of price is expected to hold the biggest share of the market amid the figure time span. This is to a great extent ascribed to the purchaser inclination towards consumer devices that give high usefulness and convenience at lower price. Price range of USD 100 – 250 is anticipated to experience high growth during the forecast timeframe owing to the advent and rising prominence of new and advanced technologies such as 4K resolution systems. Devices in this range provide higher functionality and can operate on a larger number of systems. Players in the industry including Google and Apple are increasing their focus on offering devices inbuilt with 4K technology to enhance the customer experience of using the media streaming players.
Resolution type outlook and Trend Analysis
The streaming devices market sectioned by resolution type demonstrates that 4K compliant systems are anticipated to represent the biggest development amid the figure time period. Customer interest for high higher picture quality and the declining costs of 4K screens is anticipated to supplant bring down determination screens in the upcoming years. Moreover, 4K systems costs encountered a decline from around USD 8,000 to USD 1,250 from 2012 to 2015 and will keep on doing so in the upcoming years emphatically affecting the 4K innovation request over the globe. The entrance of high quality, low cost systems in commercial and consumer verticals is a major factor advancing the huge hold of the streaming devices market globally.
Regional Outlook and Trend Analysis
High penetration of the speedy broadband and network arrangements is adding to the expanded appropriation in the United States and European locale. For example, as of June 2017, roughly 80 percent of the European populace approaches nonstop broadband administrations. Moreover, the rising development far from satellite and cable TVs to the advanced stage is foreseen to drive the streaming devices market in these areas. The Asia Pacific streaming devices market gives high potential to development amid the conjecture time span attributable to the upgrades in the monetary conditions, essentially in nations, for example, India and China. The financial blast in this district is supporting the working class populace to buy extravagance and top of the line products with the expansion in discretionary income.
The leading players in the market are Humax, Intel Technology India Pvt Ltd, Amazon.com, Xiaomi Inc, NVIDIA Graphics Pvt Ltd, Logitech and Google. The continually changing technological landscape, for example, higher HD systems and the advancement of purchaser media seeing examples is making industry players put intensely in business procedures, for example, mergers, product innovations, and acquisitions to support development in the streaming devices market.
The Streaming Devices Market is segmented as follows-
By Resolution Type:
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?