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Streaming Devices Market Size

Report ID: GMI2272
Published Date: Aug 2021
Report Format: PDF

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Streaming Devices Market Size

Streaming Devices Market size exceeded USD 10 billion in 2020 and is anticipated to expand at over 10% CAGR from 2021 to 2027. The global industry shipments are estimated to cross 200 million units by 2027.

The rising demand for watching internet programs in high-definition and 4K-resolution has fueled the adoption of streaming devices. 4K streaming offers a greater range of colors and immersive sound effects while watching the program. Several industry players are launching advanced products. For instance, in April 2021, Apple launched the next-generation Apple TV 4K that delivers a high frame rate HDR with Dolby Vision and provides enhanced graphics performance, video decoding & audio processing. Furthermore, it is integrated with Siri virtual assistant for intuitive navigation controls.

Streaming Devices Market Overview

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Streaming Devices Market Report Attributes
Report Attribute	Details
Base Year:	2020
Streaming Devices Market Size in 2020:	10 Billion (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	10%
2027 Value Projection:	20 Billion (USD)
Historical Data for:	2017 to 2020
No. of Pages:	250
Tables, Charts & Figures:	328
Segments covered:	Resolution, Distribution Channel and Region
Growth Drivers:	Increasing demand for 4K streaming in North America Rising trend of cord-cutting in the U.S. and Europe Growing consumption of OTT streaming content in Europe and Asia Pacific Rising demand for cloud-based streaming solutions in Asia Pacific and Latin America Development of supporting internet and broadband infrastructure in the MEA
Pitfalls & Challenges:	Rising usage of smart TVs Stringent rules and regulations regarding illegal streaming

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of streaming devices had surpassed USD 10 billion in 2020 and is pegged to grow at a 10% CAGR up to 2027.

Market revenue in the U.S. from the 4K UHD resolution segment could grow at 12% rate through 2027 due to a higher preference for movies, TV shows, and OTT programs.

Online distribution channels in the U.K. market will witness over 14% gains through 2027 driven by the rising popularity of online shopping among consumers across the region.

Europe accounted for close to 25% of revenue share in 2020 owing to the high subscription for video-on-demand services, mainly across the Western European countries.