London, 16 October 2015 – Technavio has published a new report on the set-top box (STB) market in Brazil, which is expected to grow at a CAGR of above 37% from 2015-2019.
About the Report
According to the latest report by Technavio, the government of Brazil has scheduled to subsidize the STBs from digital terrestrial television (DTT). The money for the subsidies will be taken from the national budget, which can vary from $250 million to $2 billion depending on the number of families enrolled in the Bolsa Familia program.
“Presently there are around 11 million families that will benefit from the subsidization of STBs in Brazil. This will provide a major boost for the rise in the number of shipments of STBs,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also accentuates the increasing digitization of TV networks, which offer consumers with a wider range of channels and better picture quality.
“The Brazilian government is planning to make the digitization of cable TV compulsory by 2018, which will significantly increase the demand for STBs,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the set-top box market in Brazil from 2015-2019. The market size is calculated on the basis of the revenue generated from the shipments of STBs in Brazil that include cable, IPTV, and DTH.
Key Information Covered in the Report:
Key Vendors:
- Arris Technologies
- Cisco Systems
- Humax
- Pace
- Technicolor
Market Growth Drivers:
- Increasing number of HD subscriptions
- For a full detailed list, view our report.
Market Challenges:
- High cost of IPTV and hybrid STB
- For a full detailed list, view our report.
Market Trends:
- Increasing digitization of TV networks
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the set-top box market:
- Global Set-Top-Box Market 2015-2019 – Industry Analysis
- Global RF Devices Market for Set-top Boxes 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
