Streaming Media Market Growth, Size, Key Drivers, Forecast To 2033

Streaming Media Market Growth
Spread the love

Overview and Scope

A streaming media device is a device that connects to a television or other display to provide access to online streaming content, such as TV shows, movies, music, and other media. It is used to enhance the TV viewing experience by allowing the user with digital content on demand without the need for a cable or satellite TV subscription.

Sizing and Forecast

The streaming media device market size has grown rapidly in recent years. It will grow from $61.92 billion in 2023 to $72.06 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%.  The growth in the historic period can be attributed to rise of over-the-top (OTT) content platforms, increasing Internet penetration and speeds, smart TV adoption, consumer shift to on-demand content, expansion of content libraries.

The streaming media device market size is expected to see rapid growth in the next few years. It will grow to $135.57 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%.  The growth in the forecast period can be attributed to integration with smart home ecosystems, rise of live streaming and sports content, increasing adoption of 4K and HDR content, enhancements in user interface and experience. Major trends in the forecast period include emergence of 5G technology, focus on 4K and high dynamic range (HDR) content, emergence of live streaming services, integration of voice control and virtual assistants, growing importance of gaming on streaming devices.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/streaming-media-device-global-market-report

Segmentation & Regional Insights

The streaming media market covered in this report is segmented –

1) By Type: Gaming Console, Media Streamers, Smart TVs

2) By Resolution: 720p, 1080p, 4K

3) By Application: E-Learning, Web-Browsing, Gaming, Real-Time Entertainment, Social Networking

4) By End User: Commercial, Residential

North America was the largest region in the streaming media device market in 2023. The regions covered in the streaming media device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10198&type=smp

Major Driver Impacting Market Growth

Growing preference for online streaming services is expected to propel the growth of the streaming media device market going forward. Online streaming services refer to services that provide entertainment content, such as films or music, and deliver it straight to users’ computers, televisions, and mobile devices via the internet. Streaming media devices link the television or home theater to the internet, allowing users to view the content (video, music, movies, and sports) using a streaming TV service provider or app; thus, the growing preference for online streaming services propels the growth of the streaming media device market. For instance, in January 2023, according to the annual report published by Netflix, Inc., a US-based online streaming service company, the total number of paid memberships At the end of 2020, 2021, and 2022, the total number of paid memberships climbed dramatically to 203,663 (in thousands) in 2020, 221,844 (in thousands) in 2021, and 230,747 (in thousands) in 2022, respectively. Furthermore, the number of paid memberships in Europe at the end of the year was 66,698 (in thousands) in 2020, 74,036 (in thousands) in 2021, and 76,729 (in thousands) in 2022. Therefore, the growing preference for online streaming services is driving the growth of the streaming media device market.

Key Industry Players

 Major companies operating in the streaming media device market report are Amazon.com Inc., Apple Inc., Google Inc., Samsung Electronics Co Ltd., Microsoft Corporation, Huawei Technologies Corporate Limited, Sony Corporation, LG Electronics, Panasonic Corporation, Haier Group Corporation, Xiaomi Inc., Mitsubishi Electric Corporation, Hisense Co Ltd., Nvidia Corporation, Azulle, VIZIO Inc., Sharp Corporation, Philips Electronics, Western Digital Corporation, ASUSTeK Computer Inc., ZTE Corporation, Bharti Airtel Limited, Liberty Global plc, Roku Inc., TiVo Corporation, Razer Inc., Netgear Inc., iMedia Technology, D-Link Corporation, HUMAX, Plex Inc., Matricom, Boxee Inc.

The streaming media device market report table of contents includes:

1. Executive Summary
2. Streaming Media Device Market Characteristics
3. Streaming Media Device Market Trends And Strategies
4. Streaming Media Device Market – Macro Economic Scenario
5. Global Streaming Media Device Market Size and Growth

32. Global Streaming Media Device Market Competitive Benchmarking
33. Global Streaming Media Device Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Streaming Media Device Market
35.Streaming Media Device Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

 


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →