Streaming Media Device Market is Projected to Register a 14.50% CAGR during the Forecast Period 2022–2030

Pune, India, July 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Streaming Media Device Market.

Regional Analysis

The geographic analysis of the global streaming media device market has been conducted for North America (the US, Canada, and Mexico), Europe (Germany, the UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of the Middle East & Africa), and South America (Brazil, Argentina, Colombia, and rest of South America).

North America is currently dominating the global streaming media device market. Amongst, the countries in the region, the US is expected to have the largest market share in the streaming media device market in the region, followed by Canada and Mexico. The region holds the presence of the majority of key players who are focused on developing media streaming devices with advanced capabilities making the market highly competitive. Also, the region has witnessed an increase in demand for marketing campaigns to promote its brand thereby increasing demand for media streaming services over the years driving the market growth in the region.

Europe is following North America and accounts for a considerable share in the global streaming media device market. The region has witnessed an increasing adoption of cloud-based streaming services and increased internet penetration which drives the market growth in the region. Furthermore, the region has well-established network infrastructure, and the consumers across the region have been increasingly adopting the streaming services at their residence for entertainment purposes which further drives the market growth.

Asia-Pacific is projected to register the highest CAGR in the global streaming media device market. The region has witnessed a rise in Internet penetration and adoption of cloud services among the developing nations. Furthermore, an increase in consumer disposable income and the growing demand for audio/video streaming services among the youth users in the country is further expected to drive the market growth in the region.

The Middle East & Africa and South America region are expected to grow at a considerable pace in the streaming media device market. The rise in digital media consumption across the region, an increase in demand for OTT services, the rising adoption of Internet-based services is driving the market growth in the region.

Key Players

MRFR has considered Amazon.com, Inc. (US), Apple Inc. (US), Google LLC (US), HUMAX (South Korea), Philips Electronics (Netherlands), Nvidia Corporation (US), Sony Corporation (Japan), Samsung Electronics (South Korea), Azulle (US), Roku, Inc. (US), Xiaomi Inc. (China), WeTek (Portugal), TiVo (US), SkyStream Technologies (US), Matricom (US), and ASUSTeK Computer Inc. (Taiwan) as some of the Key Players in the Global Streaming Media Device Market.