- Global Market for Set Top Box to grow at 2.14 percent CAGR
TechNavio, an independent London-based research firm has found increasing number of pay TV subscribers as an important trend in the Global Set Top Box Market. The research findings are for the forecast period 2014-2018.
As per research analysis, the Pay TV market is one of the biggest revenue contributors to the Global Set Top Box market across the globe. With the large number of channel choices available to subscribers, consumers are increasingly subscribing to more channels. Further, digitalization is increasing the subscription of pay TV as subscription-based TV services are becoming more popular in the digital platform, than in the analog platform. Another reason for the increasing number of pay TV subscribers is the growth of the In-house Entertainment market and related industry market is propelling the growth of the Global Set Top Box market.
Some of the other key trends that are stimulating the growth of the Global Set Top Box market include one STB for one TV, advancements in motion sensor gaming, increasing demand for video recording features and increasing preference for video on demand services. All these are having a high growth impact on the top four players in this market, which include companies like Cisco Systems, Huawei Technologies, Pace, and Technicolor. With the entry barrier being low, the market will be witnessing stiff competition with the emergence of new players.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global Set Top Box Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Set Top Box Market 2014-2018. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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