Streaming Devices Market - 20%+ Growth Forecast over 2017-2024

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Streaming Devices Market By Price, Resolution
Type, Region 2017-2024 Global Market Insights,
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Streaming Devices Market

• Streaming devices market is set to display
  phenomenal progress in the ensuing years, on the
  grounds that an increasing number of consumers
  are moving away from traditional TV and inclining
  toward over-the-top (OTT) pay-per-use services
  such as Netflix, Amazon Prime and Hulu, that have
  vast, easily-accessible video libraries
  eliminating the requirement of video download and
  data storage. The media and entertainment
  industry, in recent times, has witnessed this
  major shift in preference, given the convenience
  that these devices provide and the changing
  inclination of the current internet-savvy
  generation of consumers. In consequence,
  streaming devices like Roku, Google Chromecast.
  Amazon Fire TV and Apple TV are becoming wildly
  popular, providing a major boost to the streaming
  devices industry.
• It would be prudent to mention that streaming
  devices market is driven not only by the type and
  quality of content that different devices offer
  but also the price of the streaming device
  itself. Streaming devices that are priced between
  USD 30 TO USD 100 are predicted to be the chief
  drivers for the streaming devices industry in the
  forecast period. A major example of this
  phenomena is the Roku streaming device. Roku has
  been increasingly capturing a major chunk of U.S.
  streaming devices market share despite the lack
  of its own TV platform.

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Industry Coverage

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Continued...

• Instead, Roku has been successful in striking
  third party deals and has been able to lead the
  streaming devices market with a consumer base
  that is larger than Google Chromecast and Apple
  TV. Apple has a connected TV device that is more
  technologically advanced than Roku, however, it
  has been observed that consumers looking forward
  to buying a basic streaming device will opt for
  Roku instead of Apple. Also, people in emerging
  economies such as India and China prefer low
  priced devices over high-priced ones another
  factor that validates why USD 30 100 based
  streaming devices market has been doing better in
  terms of revenue generation.
• As far as quality of content is concerned, it is
  quite overt that viewers demand high quality
  content from streaming devices, owing to which 4K
  compliant devices that provide better image
  clarity and sharpness will witness higher demand
  in the forecast period. Prices of 4K compatible
  devices have also been substantially reduced in
  the past few years. As more consumers are deemed
  eligible to afford 4K technology systems, 4K
  compliant devices will contribute significantly
  toward the growth of the streaming devices
  industry. However, 1080p, full HD systems also
  provide impressive picture clarity, and being
  less expensive than the 4K versions, are able to
  capture a wider section of the streaming devices
  market at present. For instance, though Apple has
  launched a technologically modified device that
  supports 4K and HDR videos, Roku is still making
  more sales from its basic streaming device.

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Japan streaming devices market size, by
resolution type, 2016 2024 (Thousand Units)

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Streaming Devices Market _at_ http//bit.ly/2BkSPOk

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Continued...

• The buzzing trend of customers shifting base from
  cable TV to digital platforms and increased
  access to fast broadband has been fueling
  streaming devices industry. The rising prominence
  of this vertical can be undeniably attributed to
  the rising popularity of OTT streaming systems
  like Netflix, Hulu, Amazon Prime, etc., across
  numerous economies. China and India, for
  instance, owing to the economic boom and the rise
  of the educated middle class with greater
  disposable incomes, willing to spend on OTT
  streaming systems, will undeniably propel Asia
  Pacific streaming devices industry. As per
  estimates, APAC streaming devices market size is
  projected to witness a 25 CAGR over 2017-2024.
• Just as the advancement of the streaming devices
  market has threatened traditional cable TV,
  ironically, the advent of smart TV has also
  threatened the streaming devices industry.
  However, the higher content access coupled with
  the low cost of the devices will contribute
  toward stimulating streaming devices market.
  Having recorded a shipment valuation of 60
  million units, streaming devices industry is
  expected to continue depicting a positive growth
  path over 2017-2024.

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