Streaming Devices Market Size, Share, Growth & Forecast 2032

Streaming Devices Market Insights

According to the report published by Zion Market Research, the global Streaming Devices Market size was valued at USD 14.70 Billion in 2023 and is predicted to reach USD 43.95 Billion by the end of 2032. The market is expected to grow with a CAGR of 12.94% during the forecast period. The report analyzes the global Streaming Devices Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Streaming Devices industry.

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Global Streaming Devices Market: Overview

Streaming is the technology that is been used to transmit video and audio files in an uninterrupted flow over a wireless or wired internet connection. Some of the common forms of streaming content include TV shows, webcasts, podcasts, music videos, and movies. Thus, for streaming, a wide range of streaming devices are available each having its distinctive features. The streaming device connects the home theatre or TV to the internet which enables the user to stream the content that is movies, videos, sports & music through a streaming app or TV service provider.

Global Streaming Devices Market: Growth Factors

Growing penetration of the internet, rise in demand for wireless systems, and increasing use of OTT & entertainment services across the world are some of the key features that are driving the growth of the global streaming devices market at a substantial rate. The streaming devices allow the user to experience a clear picture and sound by streaming the videos in HD. The streaming platforms have also enabled the user to enjoy their favorite shows without downloading them and watch them online with the use of a stable internet connection. In a convenient box or stick, the streaming devices have all the streaming services, apps, and access to on-demand TV shows & movies. In addition to this, instant playback, numerous streaming options, no need for memory space, instant viewing, and no download time are some of the advantages of streaming devices. Thus, with the changing lifestyle, there is a growing demand for streaming devices especially among the millennials which in turn is propelling the growth of the global market.

Moreover, the rise in disposable income, the rise in adoption of cloud solutions, and advancements in broadband & internet infrastructure are also some of the key features that are contributing to the growth of the market. In addition to this, advancement in technology and a rise in collaborations & agreements among the key players may provide plenty of opportunities for the growth of the global streaming devices market over the forecast period. However, concerns regarding online security and growing smart TV penetration are the factors that may restrain the growth of the global market during the forecast period.

Most of the world’s population is stuck at home during the Covid-19 pandemic owing to the mandatory lockdowns, social distancing, and quarantine rules. Thus, the consumers are spending most of their time streaming which has led to an upsurge in the demand for streaming devices, thereby contributing to the growth of the global streaming devices market. The outbreak of the Covid-19 pandemic has also led to the closing of theatres across the world. The production companies are streaming their movies directly to home services by releasing them on streaming media. This is contributing to the huge viewership based at home as entertainment seekers, students, and workers are all jumping on the internet during the outbreak. All these factors are augmenting the growth of the global market amid the Covid-19 pandemic.

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Global Streaming Devices Market: Segmentation

The global streaming devices market is categorized based on the sales channel, component, application, price range, end-user, and region.

Based on the sales channel, the global streaming devices market is split into offline and online.

The component segment is divided into software and hardware.

Based on the application, the global market is bifurcated into gaming consoles, TV, and others. Based on the price range, the market is classified into high, medium, and low.

The end-user segment is diverged into commercial and residential.

Streaming Devices Market: Report Scope

Global Streaming Devices Market: Regional Analysis

North America holds the largest share in the global streaming devices market and is estimated to hold dominance during the forecast period. This is attributed to growing interest in gaming among the millennials, rise in use of OTT platform, and presence of key players. Europe holds the second position and is anticipated to contribute a significant share to the growth of the market. On the other hand, the global streaming device market in the Asia Pacific region is estimated to grow with the highest CAGR. Factors such as expanding network infrastructure, rise in disposable income, and penetration of the internet at a rapid pace are boosting the growth of the global market in this region.

Global Streaming Devices Market: Competitive Players

• Sony Corporation
• Google LLC
• Nvidia Corporation
• Apple Inc.
• Amazon.com, Inc.
• Xiaomi Inc.
• Roku, Inc.
• Microsoft Corporation
• Samsung Electronics CO. Ltd.
• Humax

are some of the key players operating in the global streaming devices market.

The Global Streaming Devices Market is segmented as follows:

By sales channel 

• offline
• online

By component 

• software
• hardware

By application 

• gaming consoles
• TV
• and others

 By price range

• high
• medium
• low

By end-user 

• commercial
• residential

Global Streaming Devices Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.