TechNavio recognizes the following companies as the key players in the Global Set Top Box Market: Cisco Systems Inc., Huawei Technologies Co. Ltd., Pace plc., and Technicolor SA.
Commenting on the report, an analyst from TechNavio’s team said: “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 likely to increase the subscription of pay TV as subscription-based TV services are more popular in the digital platform than in the analog platform. Another reason for the increase in number of pay TV subscribers is the growth of the In-house Entertainment market. Hence, the positive impact on the related industry market i.e., the In-house Entertainment market due to the increasing number of pay TV subscribers is one of the major trends propelling the growth of the Global Set Top Box market.”
According to the report, one of the major drivers in this market is the increasing adoption of HD STB. With the improving video quality and emergence of HD channels, the demand for HD STBs is increasing.
Further, the report states that one of the main challenges hindering the growth of this market is the high cost of advanced STBs such as IPTV and hybrid STBs. As these STBs have advanced features such as recording, live video control, and accessing the content over internet, the cost of these devices has been increasing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-set-top-box-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Set Top Box Market 2014-2018
