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Streaming Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

New research report on Streaming Devices market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Streaming Devices market also includes an in-depth study of the industry's competitive scenario.

A prime factor contributing to the high adoption of the streaming devices market is the rising penetration of cloud services in the media and entertainment sector. Pay-per-use Over-the-Top (OTT) services such as Netflix and Hulu contain immense video libraries stored at remote servers that allow their subscribers to have access to high quality video feed at any time. Additionally, these eliminate the need to download and store massive amounts of data.

The rising trend of cord cutting is anticipated to revolutionize the media and entertainment delivery field and promote the growth of the streaming devices market. Traditional TV viewing services via cable and satellite TV incurs high costs and additional taxes, need for installation and management services, slow updates, and issues with data transmission and latency issues with transmission of data via a large area. In light of these issues, various consumers are moving to the digital platform with a reduction of over 2.4% annual reduction from 2013 to 2017 and a growth of 6.5 million users that switched from cable pay TV.

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Streaming Devices Market is set to exceed USD 25 billion by 2024; according to a new research report. The global unit shipments will grow at over 15% CAGR from 2017 to 2024.

Streaming Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Streaming Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

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The USD 30 - 100 pricing range in the streaming devices market is anticipated to exhibit the highest growth during the forecast timespan. The devices available in this segment generally are compatible with various types of TV resolutions such as Roku Ultra which is compatible with 4K and lower resolutions and are similar in functionality to the higher-end products. Furthermore, consumers in Asian countries, primarily in India and China, are more inclined to purchase lower cost products.

Customer subscriptions to OTT services such as Netflix and YouTube and the rising penetration of Netflix and Hulu original series which are generally not available on broadcast TV is anticipated to further drive away the demand from traditional TV viewing. For instance, in the U.S. Netflix had approximately 51 million paying subscribers as of 2017, a large number of which is largely attributed to the growing prominence of original net series. This trend is further reflected across the world is anticipated to contribute to the high adoption of the streaming devices market.

Major Highlights from Table of contents are listed below for quick lookup into Streaming Devices Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Streaming Devices Market
  • Product trends
  • Application trends

Chapter 3. Streaming Devices Industry Insights

  • Streaming Devices Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Streaming Devices industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Streaming Devices Market Technology & innovation landscape
  • Industry impact forces
  • Streaming Devices Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Streaming Devices Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Streaming Devices Market
  • SWOT Analysis

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