Global Streaming Device Market: Growing Demand
The global streaming device market size was valued at $ 9.43 billion in 2020 and is expected to reach $ 26.27 billion by 2028, with a CAGR of 13.31% from 2021 to 2028.
Streaming media devices can be seen as a gateway to the world of on-demand streaming and digital content. This form of technology is taking the public by storm, allowing users to avoid having to download large files to their computers or mobile devices. Users can also virtually access and organize their huge media library through a streamlined interface.
These advantages, along with factors such as the growing interest in online streaming services and its popularity in commercial environments for marketing purposes, will all help to further expand industrial sectors that will provide further growth; we don’t see an end in sight for this thriving market!
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Some of the major streaming device players with high market share include Google, Amazon, and Apple Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The main players presented in the report are:
● Apple Inc.
● Intel Corporation
● Nvidia Corporation
● Roku, Inc.
● Xiaomi Inc
● Sony Corporation
● Microsoft Corporation
The recently released research report on Global Streaming Devices Market by Evolve Business Intelligence examines the industry against the background of key aspects of the market including market size and forecast, market share in terms of revenue, and market share. volume, major players and SWOT analysis. The market is analyzed on the basis of 4 distinct indications in the chapter on market dynamics: drivers, restraints, key trends and challenges. The sum of these sections together will help you understand what strategies will be the best to adopt in order to thrive in this industry over a few short years. Quantitative analysis includes our actual results from this research study where we have provided additional insight into what our readers can do to seize new opportunities or plan against threats that may hamper the market.
The COVID-19 pandemic has resulted in a disruption in the supply chain resulting in lower demand or supply shortages in the streaming device market. Travel restrictions and social distancing measures have led to a sharp drop in consumer and business spending and this trend is expected to continue for some time. The trend and end user preferences have changed due to the pandemic and have caused manufacturers, developers and service providers to adopt various strategies to stabilize the business.
The new normal
As businesses recover from the COVID-19 pandemic, they face a new set of priorities. Throughout this crisis, they were forced to deal with changing situations and often failed to achieve their ultimate goals. Now that a cure has been found and the pandemic is fading, they will need to recover from this epidemic by setting new goals for themselves to be successful in the future.
In terms of the impact of COVID 19, the Streaming Devices Market report also includes the following data points:
● Impact of COVID19 on the size of the streaming device market
● Trend and preferences of end user / industry / applications
● Government policies / regulatory framework
● Strategy of the main actors to fight against negative impact / post-COVID strategies
● Opportunity in the streaming device market
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Market segment by component with an emphasis on market share, consumption trend and growth rate of Streaming Device Market:
Market segmentation by sales channel with an emphasis on market share, consumption trend and growth rate of Streaming Device Market:
Market segment by price range with an emphasis on market share, consumption trend and growth rate of Streaming Devices Market:
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Key region / countries covered
● North America (United States, Canada, Mexico)
● Europe (Germany, United Kingdom, France, Italy, Russia, rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, rest of Asia-Pacific)
● Rest of the world (Middle East & Africa and South America)
The North America streaming device market is expected to dominate the global market with high growth rates during the forecast period. A majority of the population in North America is connected to the Internet. If connected to the internet, users can stream movies or music through online movies or music streaming services using streaming devices. Smartphone penetration in North America is also the highest in the world. Hence, people can also stream movies or music through smartphones.
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