World Streaming Media Device Market 17.45% CAGR Growth to 2020

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RnRMarketResearch.com adds Global Streaming Media Device Market 2016-2020 latest research report, this analyst forecast the global streaming media device market to grow at a CAGR of 17.45% during the period 2016-2020.

-- The global streaming media device market analyst says the growing production of in-house web series is a trend that is expected to positively influence the global video content market. The global video content market is home to an intensely competitive environment with the originality of content and innovation being one of the prime core competencies. This has resulted in an increase in production of in-house content across various platforms. Original in-house web series across various genres such as drama, comedy, sitcoms, action, talk shows, and documentaries are some of the highest viewed videos on online video platforms such as Netflix and YouTube.

Complete report on streaming media device market spread across 60 pages, analyzing 6 major companies and providing 37 data exhibits are now available at http://www.rnrmarketresearch.com/global-streaming-media-device-market-2016-2020-market-report.html

According to the streaming media device market report, one of the key drivers for market growth will be easy connectivity with electronic devices. A major factor driving the sales of streaming devices is the ease with which media content can be streamed and shared between various streaming devices. With the help of a home network, a streaming device can connect with various devices. The content can be streamed on the internet, a central repository, or any connected device. Along with wireless streaming, streaming media devices also support wired streaming using a cabled LAN.

Global streaming media device market for gaming consoles segment accounted for almost 14% of the overall market share. The smart TVs segment occupies the largest market share in the streaming media device market and will continue to dominate the market during the forecast period. APAC is the largest revenue generating region for the smart TVs market owing to the huge demand coming from China. Factors such as high adoption of technologically advanced consumer electronics products and the emergence of local vendors that supply cheaper smart TVs than global vendors will result in further growth of this segment in the coming years. Order a copy of Global Streaming Media Device Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=714550

The following companies are the key players in the global streaming media device market: Amazon, Apple, Google, Microsoft, Roku, and Sony.

APAC is expected to be the fastest-growing region in the streaming media device market throughout the predicted period. The market in the region is in its nascent stage, and the growing inclination of consumers toward new technologically advanced products will boost growth in the region. South Korea, China, Australia, India, New Zealand, and Taiwan are the major revenue contributing nations in the region. Also, the increasing awareness and high adoption of VOD services will drive the demand for streaming media devices in APAC.

Global Streaming Media Device Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the unit shipments of streaming media devices.

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