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A recent report published by Infinium Global Research on streaming media device market provides in-depth analysis of segments and sub-segments in the global as well as regional streaming media device market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional streaming media device market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global streaming media device market.
The streaming media device is specially designed for streaming and controlling video-sharing websites like Hulu, YouTube, and Netflix. With this device, the user can connect the video display device to the internet and quickly access online streaming content. Additionally, with the use of such streamlined tools, users can access demand or real-time presentation and dispersal of audio, video, and multimedia content over a communication channel, usually a dedicated IP network or internet managed by a facility provider; hence the demand for such tools is dramatically rising over the period. Moreover, in streaming tools, the media is directed in a constant stream of programs; so, users can play the media as it arrives and there is no need to load a file to play it in the streaming media tool. Additionally, users can reverse, pause, or forward the streamed file while using the streaming media tools, as the user can ensure with a downloaded file. For all of these reasons, streaming media has played an essential part in stirring the internet experience; thus, it found many applications at enterprise and individual levels.
The streaming media device market is primarily driven by growing consumer preferences for online streaming services such as Amazon Prime Video, Netflix, and Hulu. There is a rising demand for advanced technologies in video platforms to enhance video quality, along with a surge in the popularity of video game streaming devices. Additionally, factors contributing to market expansion include seamless connectivity with electronic devices, the integration of digital content with streaming media devices, and the widespread adoption of cloud services. However, the challenges such as bandwidth limitations and stringent regulations addressing piracy and illegal streaming, can hamper the growth of the market. Nonetheless, the growing demand for cloud-based services and solutions can provide lucrative opportunities for the growth of the streaming media device market. Manufacturers engaging in research and development activities to introduce upgraded streaming devices with higher resolutions, such as 8K, are creating lucrative prospects for the streaming media device market.
The streaming media device market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is anticipated to lead the market, holding the largest share, driven by the increasing prevalence of internet-connected televisions and other streaming devices in the region. The Asia Pacific region is expected to grow with a significant growth rate in the streaming media device market during the forecasted period. Primarily driven by the rising internet penetration in developing countries such as China and India. Additionally, the increasing number of online video streaming viewers in countries like Australia and India is expected to further fuel market growth in the region. Europe region is expected to grab a significant share of the market, owing to the region's growing focus on adopting cloud strategies and streaming entertainment services, contributing to the growth of the streaming media device market in the region.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 12.74 Billion |
| Market Size by 2030 | USD 54.58 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 17.45% |
| Largest Market | North America |
| No. of Pages | 300 |
| Market Drivers |
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| Market Segmentation | By Device Type, By Resolution, By Application, and By End-use |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global streaming media device market covers segments such as device type, resolution, application, and end-use. On the basis of device type, the sub-markets include gaming consoles, and media streamers. On the basis of resolution, the sub-markets include 720p, 1080p, and 4k. On the basis of application, the sub-markets include gaming, audio or video entertainment, e learning, and others. On the basis of end-use, the sub-markets include commercial, and residential.
The report provides profiles of the companies in the market such as APPLE INC., SAMSUNG, Roku, Inc., HUMAX Electronics Co., Ltd., LG ELECTRONICS, XIAOMI CORPORATION, Microsoft Corporation, Google, Amazon.com, Inc, and Intel Corporation.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the streaming media device market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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