The report forecasts the global streaming media device market to grow at a CAGR of 17.45% during the period 2016-2020.
The growing production of in-house web series is a trend that is expected to positively influence the global video content market. The global video content market is home to an intensely competitive environment with the originality of content and innovation being one of the prime core competencies. This has resulted in an increase in production of in-house content across various platforms. Original in-house web series across various genres such as drama, comedy, sitcoms, action, talk shows, and documentaries are some of the highest viewed videos on online video platforms such as Netflix and YouTube.
According to the report, one of the key drivers for market growth will be easy connectivity with electronic devices. A major factor driving the sales of streaming devices is the ease with which media content can be streamed and shared between various streaming devices. With the help of a home network, a streaming device can connect with various devices. The content can be streamed on the internet, a central repository, or any connected device. Along with wireless streaming, streaming media devices also support wired streaming using a cabled LAN.
Further, the report states that high cost of smart TVs will be a challenge for the market. The high ASP of smart TVs is one of the major growth inhibitors in the global smart TV market. The purchase of smart TVs is purely dependent on the disposable income of consumers. If low-cost alternatives are available in the market, consumers will purchase these affordable alternatives. Non-commercial customers, the potential target audience for the smart TV market, are highly price sensitive. As cost is an important buying criterion, the high cost of smart TVs hinders its adoption among the target population.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Market attractiveness
PART 09: Buying criteria
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/xcnhfc/global_streaming
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-streaming-media-device-market-to-grow-1745-by-2020---owing-to-rising-adoption-of-cloud-services---research-and-markets-300351502.html
SOURCE Research and Markets