Streaming Media Devices Market to Rise at 15.9% CAGR till 2026; Increasing Volume of Online Content and Video-on-demand services to Aid Growth

The global streaming media devices market size is projected to reach USD 89.48 billion by the end of 2026. The increasing number of online media content will fuel the demand for the product across the world. According to a report published by Fortune Business Insights, titled “Streaming Media Devices Market Size, Share & Industry Analysis, By Type (Gaming Consoles, and Media Streamers), By Resolution (HD, HDR and 4K), By Application (Audio, Video, and Others), By End-Use (Commercial, and Residential), and Regional Forecast, 2019-2026,” the market was worth USD 27.69 billion in 2018 and will exhibit a CAGR of 15.9% during the forecast period, 2019-2026.

Streaming media devices are used to stream online content without the need to download data to an external device. The product is used to experience seamless data surfing and get access to on-demand content that is available on the internet. The growing popularity of video-on-demand and web-series has created several growth opportunities for the companies operating in the market. Recent technological advancements in these devices, driven by the demand for modern devices with additional features will bode well for the market in the coming years. Accounting to the massive demand for streaming devices across the world, several companies are investing hugely towards the development of efficient devices. As a result, companies are looking to introduce low-cost products, with a bid to acquiring a wider consumer base. Increasing number of product launches will have a positive impact on the growth of the market in the forthcoming years.

Bharti Airtel Introduces New Streaming Platform; Will Create New Opportunities for Vendors

Due to the growing demand for streaming media, several large scale companies are looking to introduce content of their own. As a result, consumers are spoilt for choice due to the availability of so many options. Major companies across the world are introducing newer and easy-to-use platforms. In September 2019, Bharti Airtel announced the launch of a new digital entertainment platform for users across the world. The company introduced ‘Airtel Xstream Box’ and the Airtel Xstream Stick in India. Airtel’s latest devices will boost the company’s ambitions of acquiring a wider consumer base and extend its operations in telecommunication, in tandem with media. Given the massive population and high number of consumers across India, Airtel’s latest activity will help the company establish itself on a global scale.

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https://www.fortunebusinessinsights.com/streaming-media-devices-market-102662

Growing Preference for Inline Media Streaming Will Fuel Demand

The shift of preference from cable TV to online media and content will create a subsequent demand for streaming media devices across the world. For streaming any media on the internet on television, a streaming media device is essential. Presence of several online streaming platforms such as Netflix, Amazon Prime, and Hulu will create several opportunities for the companies operating in the streaming media devices market in the coming years. Additionally, the availability of older shows and the ability of streaming media devices to record as well as store content will fuel the demand for the product across the world.

Google, Apple, and Roku Among the Leading Companies Focused on Strategic Investments

The streaming media devices market derives significant growth from the presence of several large scale companies that are operating across the world. Google and Apple are among the major companies in the market that are focusing on strategic investments as well as partnerships to develop advanced products. Below is the list of companies profiled in the report:

•  ASUSTeK Computer, Inc.


•  D-Link Corporation


•  HiMedia Technology Limited


• Koninklijke Philips N.V.


• LG Electronics


• Western Digital


• Sony Corporation


• NETGEAR


• Microsoft


• Amazon, Inc.


• Bharti Airtel

Further Report Findings:

• The report analyzes the ongoing streaming media devices market trends across five major regions. North America to hold the largest market share in the coming years.


• As of 2018, the market in North America was worth USD 12.74 billion.


• Asia Pacific is projected to exhibit the highest CAGR in the coming years, driven by growing internet penetration in several countries across this region.


• Technological interventions to play a major role in the growth of the market.

Industry Developments:

• October 2019 - TiVo launched TiVo+, continues to add to the list of content on its TiVo DVRs.

The global streaming media devices market is segmented on the basis of: