Set-Top Box Global Market Is Estimated To Grow By 6.27 % of CAGR by 2032

Pune, India, Apr, 2019 /MRFR Press Release/- Market Research Future published a cooked research report on Global Set-Top Box Market.

Set-Top Box (STB) Market Highlights:

The Future of Set-Top Box (STB) Market will witness a healthy growth from 2024 to 2032, a research report suggests. Growing at a CAGR of 6.27%, the market is projected to reach USD 26.54 billion by 2032. High levels of technological innovations is expected to support the market growth along with the inclusion of new features and content protection systems. As predicted by analysts, online streaming services will negatively affect the market’s performance from 2024 to 2032. During the forecast period, the market will be supported by technological transition from providing stand-alone cable and traditional cable service providers. Lack of innovation on the other hand will challenge cable box sector based organizations functioning in the global set-top box (STB) market. Analysts have split the market into content quality, end-user, product type, and services segments based on products and services.

Cable box based companies have been profiled. The arrival of media sticks is set to affect the global Future of Set-Top Box (STB) Market during the forecast period 2024 to 2032. The report also provides the market’s performance forecasts till 2030. Analysts have studied the strategy of cable box segment based organizations to help new entrants and established businesses. The cable box sector itself is supported by the increasing awareness of internet-based set-top boxes as well as the growth of Internet Protocol Television (IPTV) and OTT. During the forecast period 2024 to 2032, the set-top box (STB) market is set to witness a health growth across content quality, end-user, product type, and services segments as well as regional Future of Set-Top Box (STB) Market.

Set-Top Box Market Segmentation:

The cable box sector has seen growth across content quality, end-user, product type, and services segments owing to government regulations on the digitization of cable networks and stringent laws for the digitization of cable TV. To study the market, analysts have further segmented content quality, end-user, product type, and services into content quality on the basis of cable, digital terrestrial television, Internet Protocol (IP) TV, over-the-top content (OTT), satellite, and others. The market is further segmented into product type sub segments which is split into high definition, standard definition and 4K. Additionally, the set-top box (STB) market on the basis of services, is segmented into managed services (testing, repairing, screening), interaction services (high-speed internet television, video conferencing, and video on demand).

The segmental analysis presented in the report provides cable box field based organizations insights into key growth factors such as the resulting migration of analog TV to digital TV as well as challenges such as the easy availability of alternatives the market will face from 2024 to 2032. Technological innovations and the launch of high-resolution television sets are some of the key factors having an influence on cable box industry based companies, suggest analysts as per the set-top box (STB) market report. But the report also identifies the increasing need for reforms and unfavorable policies as major threats companies in the cable box will face till 2032. 

Future of Set-Top Box (STB) Market Regional Overview:

Cable box market based companies in the set-top box (STB) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing demand for improved content quality will be a key growth driver for regional markets. However, the lack of investment will turn out to be a threat. For the forecast period 2023 to 2032 each of these regional markets are studied in the report. Starting from North America, the regional market and cable box vertical based companies are spread across the United States, Canada, and Mexico. The rising popularity of internet based streaming services will turn out to be a major challenge from 2023 to 2032. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the proliferation of technology as well as the growing demand for over-the-top services, suggests the report. Similarly, the cable box sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the set-top box (STB) market covers the Middle East and Africa. Forecast based on the reports findings are presented for the forecast period till 2032.

Future of Set-Top Box (STB) Market Competitive Landscape:

The global set-top box (STB) market research report brings a comprehensive study of content quality, end-user, product type, and services market segments, regional analysis, and cable box vertical based company details of key players. As the forecast period 2024 to 2032 will bring new opportunities for the market owing to the increasing spending power of consumers and the increasing awareness among consumers, the market is set to grow at a compound annual growth rate of 6.27% and is predicted to reach a value of USD 26.54 Billion by 2032. With SWOT analysis of cable box sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as high service cost and complex deployment, companies in the cable box sector can change the way business is done.

Industry News:

Cisco announced today that it has reached an agreement to buy DVN (Holdings) Limited's set-top box market. DVN is a technological and market leader in digital cable technologies in China, with key activities in China, and shares Cisco's vision of a high-performance, efficient cable interactive network expanding through every home. Cisco will add up to $44.5 million for DVN's set-top box company under the details of the contract. Around $17.5 million will be compensated up front, with the remaining $27 million paid out over four years in relation to the achievement of clear sales targets.