DUBLIN, February 19, 2016 /PRNewswire/ --
The global set-top-box market is predicted to decline at a CAGR of 1.34% over the period 2014-2019, according to a recent report available from Research and Markets. The report states that although there is an increasing demand for high-definition set-top-boxes (STBs), the high cost of advanced HTBs is hindering growth in this market. Participants in this market may see a much higher growth than predicted, as the United States' Federal Communications Commission revealed this week that the first steps had been taken to open the pay TV STB market.
A five-member commission voted 3-2 in favor of drafting new rules regarding STBs and approved content. The rules could potentially allow consumers to purchase new devices and applications for the access and management of pay-TV programming and additional content.
This decision could have implications in a number of other related markets. The global TV subscription market is estimated to grow at a CAGR of 5.3% by 2019, as revealed in an industry report. An open STB market could see more people choosing analogue over digital, resulting in unforeseen growth.
The pay TV market in the US is set to grow at a CAGR of 1.87% during 2015-2019, as forecast by a recent report. This percentage could be considerably higher if STB owners are given access to new subscription-based TV services. However, it should be noted that it will take up to three years to implement the rules, at which point STB technology could be obsolete.
For further information on this topic, and a full list of all related documentation, please visit the Cable section at http://www.researchandmarkets.com/rm/LPRN.
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