The rise in internet penetration and increasing adoption of video streaming platforms, such as Netflix, Hulu, YouTube, Hotstar, and Amazon Prime, are boosting the streaming devices market globally during the forecast period. The rising number of Over-The-Top (OTT) services is projected to drive industry growth and is likely to drive the streaming devices market. The convenience and affordability in viewing content in real-time are encouraging consumers to use these service which might help the market to boost globally.
MARKET SCOPE
The "Global Streaming Devices Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the streaming devices market with detailed market segmentation by device type, resolution type, application, and geography. The report provides key statistics on the market status of the leading streaming devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on device type, the global streaming devices market is segmented into streaming box/stick, smart TV, and game console.
- On the basis of resolution type, the market is segmented into 4K UHD, 1080p, and 720p
- Based on application, the market is segmented into gaming, streaming audio/video, and e-learning.
MARKET DYNAMICS
Drivers:
- The growth in demand for OTT content globally is providing multiple opportunities to service providers, driving the streaming devices market. The introduction of high-speed data plans, rising usage of digital media, and increasing awareness of business productivity offer multiple potential growth opportunities to the streaming devices market growth.
- The increase in government focus on digitization integrated with increasing penetration of LTE and 5G technology will provide several growth benefits to the streaming device market.
Restraints:
- Rising demand for smart TVs is restraining the growth of the streaming device market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The streaming devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the streaming devices market in these regions.
IMPACT OF COVID-19 ON STREAMING DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the streaming devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from streaming devices market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the streaming devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon.com, Inc
- Apple Inc.
- Azulle
- Google LLC
- LG Electronics Inc.
- Microsoft Corporation (Xbox)
- NVIDIA Corporation
- Roku, Inc.
- Samsung Electronics Co. Ltd.
- Sony Corporation