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Streaming Devices Market Size

  • Report ID: GMI2272
  • Published Date: Aug 2021
  • Report Format: PDF
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Streaming Devices Market Size

Streaming Devices Market size exceeded USD 10 billion in 2020 and is anticipated to expand at over 10% CAGR from 2021 to 2027. The global industry shipments are estimated to cross 200 million units by 2027.

 

The rising demand for watching internet programs in high-definition and 4K-resolution has fueled the adoption of streaming devices. 4K streaming offers a greater range of colors and immersive sound effects while watching the program. Several industry players are launching advanced products. For instance, in April 2021, Apple launched the next-generation Apple TV 4K that delivers a high frame rate HDR with Dolby Vision and provides enhanced graphics performance, video decoding & audio processing. Furthermore, it is integrated with Siri virtual assistant for intuitive navigation controls.

 

Streaming Devices Market Overview

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Streaming Devices Market Report Attributes
Report Attribute Details
Base Year:2020
Streaming Devices Market Size in 2020:10 Billion (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:10%
2027 Value Projection:20 Billion (USD)
Historical Data for:2017 to 2020
No. of Pages:250
Tables, Charts & Figures:328
Segments covered:Resolution, Distribution Channel and Region
Growth Drivers:
  • Increasing demand for 4K streaming in North America
  • Rising trend of cord-cutting in the U.S. and Europe
  • Growing consumption of OTT streaming content in Europe and Asia Pacific
  • Rising demand for cloud-based streaming solutions in Asia Pacific and Latin America
  • Development of supporting internet and broadband infrastructure in the MEA
Pitfalls & Challenges:
  • Rising usage of smart TVs
  • Stringent rules and regulations regarding illegal streaming
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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of streaming devices had surpassed USD 10 billion in 2020 and is pegged to grow at a 10% CAGR up to 2027.

Market revenue in the U.S. from the 4K UHD resolution segment could grow at 12% rate through 2027 due to a higher preference for movies, TV shows, and OTT programs.

Online distribution channels in the U.K. market will witness over 14% gains through 2027 driven by the rising popularity of online shopping among consumers across the region.

Europe accounted for close to 25% of revenue share in 2020 owing to the high subscription for video-on-demand services, mainly across the Western European countries.

Streaming Devices Market Scope

  • Streaming Devices Market Size
  • Streaming Devices Market Analysis
  • Streaming Devices Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 20
    • Tables & Figures: 328
    • Countries covered: 22
    • Pages: 250
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