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Smart Set Top Box (STB ) Market, 2024 - Growing Consumption of Hybrid Content / Digitization in Emerging Economies / Rising Internet Penetration & Shift Towards OTT ContentDUBLIN, July 17, 2019 /PRNewswire/ -- The "Smart Set Top Box (STB ) Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.  The smart STB market is likely to reach around $2 billion by 2024, growing at a CAGR of approximately 8% during 2018-2024. The smart STB market by distribution channel is segmented into retail and online segments. In 2018, the retail segment contributed to the highest market revenue globally.The growth of online sales is set to increase at a steady rate during the forecast period as online stores offer more options to choose from and impart less bias toward non-sponsored products than retail stores. Several consumers that are avid users of e-tailing services seek to buy STB devices online because of the ease-of-accessibility and convenience afforded by such channels. The global set top box market sale is growing at a CAGR of 9% during the forecast period. Smart STB Market: Geography The smart STB market by geography can be segmented into APAC, Europe, Latin America, MEA, and North America. Europe accounts for the largest share in the global smart set top box market, which is expected to grow at a CAGR of around 7% during the forecast period. The region is witnessing an increase in the per capita disposable income of end-consumers, thereby driving the retail market in the region. Further, the smart STB market in North America is primarily driven by the early adoption of technological advancement, the presence of a large number of major players, and the increased disposable income. However, the high cost of branded products with high retail pricing in the APAC region is the major growth inhibitors for the market. The smart set top box market in Latin America is facing growth restraints as the consumers are not switching from the traditional cable TV. Although OTT streaming services are witnessing high growth in the market, an estimated 50% of the TV households in Latin America still have a sole connection of traditional and linear cable TV. Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.1.1 Inclusions 4.1.2 Exclusions 4.2 Base Year 4.3 Scope of the study 4.4 Market Segments 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 OVERVIEW 8 Market Dynamics 8.1 Market Growth Enablers 8.1.1 Growing Consumption of Hybrid Content 8.1.2 Digitization in Emerging Economies 8.1.3 Rising Internet Penetration & Shift Towards OTT Content 8.2 Market Growth Restraints 8.2.1 Challenges of Controlling Consumer Attrition 8.2.2 Emergence of OTT Streaming Dongles & Other Channels 8.2.3 Lower Internet Penetration in Developing Economies 8.2.4 Increasing Labor Costs & Raw Material Price Volatility 8.3 Market Opportunities & Trends 8.3.1 Emerging Requirements of Energy Efficiency 8.3.2 Growing Market Consolidation 8.3.3 Demand Rise in Commercial Segment 9 Global Market Landscape 9.1 Market Size & Forecast 9.2 Five Forces Analysis 10 By Technology 10.1 Market Snapshot & Growth Engine 10.2 Market Overview 10.3 IPTV 10.4 OTT 10.5 Hybrid 11 By End-Users 11.1 Market Snapshot & Growth Engine 11.2 Market Overview 11.3 Residential 11.4 Commercial 12 By Distribution Channel 12.1 Market Snapshot & Growth Engine 12.2 Market Overview 12.3 Retail 12.4 E-commerce 13 By Geography 13.1 Market Snapshot & Growth Engine 13.2 Overview Competitive Landscape Prominent Vendors in the Global Smart Set Top Box Market
Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/r/4p7r5s Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets SOURCE Research and Markets 
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