Technavio market research analysts foresee positive growth for many segments of the consumer electronics industry in the next five years. In their recent findings, Technavio talks about three booming markets under the consumer electronics industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Channel-in-a-Box Market 2016-2020
The growing popularity of cloud-based over-the-top (OTT) channels will fuel the growth of the global channel-in-a-box market. The popularity of the OTT channels will increase the investment in the market and help the evolution of the market over the period of next four years. The increasing connectivity and availability of high broadband speed will create more opportunities in the market and increase the demand for channel-in-a-box devices in the market. The vendors in the market will focus on launching superior OTT services to meet the consumer requirements and increase their profitability in the market. The introduction of entertainment viewing applications like Netflix, Hulu, and Sling TV will help in the growth of the market during the forecast period. The growing need for playout automation will help CiaB provide a platform to expand the OTT services across the globe and at reduced capital expenditure. Request a sample report.
Global Streaming Media Device Market 2016-2020
The growing popularity of VR and 360-degree videos will help in the development of the global streaming media device market during the forecast period. The advancement in technology will promote the growth of the market, and it will post a CAGR of more than 17% by 2020. The emergence of VR and 360-degree videos is becoming a trend in the entertainment domain and encouraging service providers to launch better digital video content in the market. The introduction of these video content is emerging as one of the mainstream platforms, leading to the technological transformation of the digital world. Recently, Facebook launched its flagship VR device, Oculus Rift; Sony launched PlayStation VR, and HTC launched Vive. The companies are also manufacturing VR headsets with media streaming features because of the growing popularity of VR and 360-degree videos.
The smart TVs dominated the device segment accounting for around 66% of the total market share in 2015. The high adoption of technologically advanced consumer electronics products and availability of cheaper smart TVs contributed to the growth of this market segment. Request a sample report.
Global OTT Devices and Services Market 2016-2020
The global OTT devices and services market is driven by the growing production of in-house web series. The competition in the market is attributed by the originality of the content and innovation in services being offered. These factors will contribute to the growth of the market and will post a CAGR of close to 21% by 2020. These original content in the market are distributed across various OTT platforms across the world. Some of the highest viewed digital videos in these platforms are from different genres of web series that include drama, comedy, sitcoms, action, talk shows, and documentaries. The vendors in the market are providing web content that is informative and education centered in-house web series which encourages the viewers to sharpen their skills and develop new skills whenever they get time.
The OTT market is dominated by various vendors that include YouTube and Netflix as the leading vendors. In 2015, Netflix announced that it serves over 50 million streaming members in more than 75 countries, providing over 1 billion hours of TV shows and movies per month. Request a sample report.
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