London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global streaming media device market 2015-2019, which is likely to grow rapidly at a CAGR of 6.02% during 2014-2019.
Streaming devices enable users to receive unencrypted subscribed channels through an addressable system that allows them to view encrypted channels. They connect a TV or a computer to an external signal source and decode the transmitted signal into video content, which is then displayed on the screen.
“Streaming media devices help stream media content through the Internet direct to TVs or home entertainment systems. The market for smart homes in developing countries is growing as well as the spending capacity of consumers in these countries has increased,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Development of technologically advanced devices
- Wireless streaming of media content
- Simple setup procedure
- Increase in demand for online video content
- Greater control over program selection
Key Market Trends
- Growing number of smart homes
- Increase in demand for video recording features
- Preference for VOD services
- Adoption of cloud services
Key Market Vendors
- Amazon
- Apple
- Roku
- Sony
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
