Streaming Devices Market Revenue to Cross USD 20 Bn by 2027: Global Market Insights Inc.
SELBYVILLE, Del., Aug. 17, 2021 /PRNewswire/ -- According to the latest report "Streaming Devices Market by Resolution (720p & 1080p, 4K, 8K), Distribution Channel (Online, Offline), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027", by Global Market Insights Inc., the market valuation of streaming devices will cross $20 billion by 2027. The market growth can be attributed to the rising trend of wireless media streaming devices that ensure high-quality audio and video.
The growing popularity of streaming devices with a resolution of 8K that ensures crisp and clear videos will accelerate the demand for these devices. 8K resolution refers to display resolution with a width of approximately 8,000 pixels (4320 x 7680). The resolution ensures enhanced and optimized viewing experience as compared to 4K. Companies are in the phase of developing advanced streaming devices that support 8K resolution.
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The availability of high-speed internet data plans and robust broadband connectivity, coupled with the rising consumption of digital media, provide several growth opportunities to the Asia Pacific streaming devices market. The expanding IT & telecom sector in countries, such as India, South Korea, Japan, and Taiwan, will support increasing internet penetration, in turn, fueling the adoption of advanced media streaming devices. OTT players are launching region-specific plans to capture a larger revenue share. The increasing penetration of OTT platforms will encourage consumers to adopt streaming devices to watch content on home theatres and TVs.
Key players operating in the streaming devices market include Amazon.com, Inc., Google LLC, Humax, Apple Inc., Nvidia Corporation, Xiaomi Inc., Intel Corporation, Logitech International S.A., Nokia Corporation, and Roku, Inc New product launches form a key strategy amongst companies to solidify their market position and expand solution offerings.
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Some major findings of the streaming devices market report are:
Table of Contents (ToC) of the report:
Chapter 3 Streaming Devices Market Insights
3.1 Industry segmentation
3.2 Impact of coronavirus (COVID-19) pandemic
3.2.1 Global outlook
3.2.2 Regional outlook
3.2.3 Industry value chain
3.2.4 Competitive landscape
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Component suppliers
3.3.4 Technology/software providers
3.3.5 System integrators
3.3.7 Vendor matrix
3.4 Architecture analysis
3.5 Technology & innovation landscape
3.5.1 Artificial Intelligence (AI)
3.5.2 Machine Learning (ML)
3.5.3 Deep Learning (DL)
3.6 Regulatory landscape
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.2 Industry pitfalls & challenges
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis
Browse the Complete Table of Contents (ToC) at
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SOURCE Global Market Insights Inc.