Smart Streaming Devices Statistics By Application Analysis, Region And Market

Introduction

Smart Streaming Devices Statistics: “Streaming Devices Market” is anticipated to experience significant growth over the next years, mostly driven by the rising market for (Household commercials), Based on the type of device, the market is segmented into (4K UHD 1080p, 720p, or 1080p). The report includes the analysis and research included in the Smart Streaming Devices Statistics which will help vendors, stakeholders, and other stakeholders in the market. It is estimated that the Streaming Devices market is expected to expand annually at an astounding rate (CAGR 2023- 2030).

“The Global Streaming Devices market is expected to grow in a significant manner in the forecast timeframe, between 2023 to 2030. By 2022, the market is expanding steadily as well, and with the growing use of strategies by major players and key players, the market is anticipated to expand over the anticipated timeframe.”

The term “streaming device” refers to an Internet-connected gadget that permits users to stream video content from websites to their TV or home theatre using Wi-Fi or Ethernet. They are small devices that have just a couple of connectors for video (HDMI or composite) as well as audio (RCA or digital) and Ethernet networking.

Many streaming media players have an exclusive remote control and built-in WIFI that can be used for internet connectivity wirelessly. Some of the most well-known streaming media players include the Roku Player, Google Chromecast, Amazon Firestick, and Apple TV.

Businesses are beginning to embrace streaming devices as an opportunity to promote their services and products and as a way to develop innovative solutions to problems associated with these devices. This has helped business owners to connect with their targeted customers.

Editor’s Choice

• Global sales of smart TVs have steadily increased throughout the past few years. By 2020 the sales for smart televisions hit 186 million units which accounted for 79% of televisions with flat panels that were sold.
• Smart TVs have become more widespread in homes all over the world. At the year’s end of 2020, more than 34% of all households (over 665 million households) had a smart TV.
• The projected percentage is expected to surpass fifty percent in 2026 with 1.1 billion households with smart TVs.
• Connected Television (CTV) advertising is on the rise and is expected to keep growing. in 2022 CTV marketing spending across the United States was valued at approximately 20.69 billion U.S. dollars.
• Xiaomi (Mi) was the leader of the Mi-led CTV market within the United States with 11% of the market in 2022. Samsung and LG were close behind, with substantial market share.
• The use of televisions with smart technology has experienced significant growth across a variety of countries. For instance, in the United Kingdom, smart TV use has increased from 11 percent of homes in 2014, to 67% by 2022.
• The majority of consumers have opted for larger screen sizes especially those with 43 inches of smart television that have seen a significant increase in sales.
• The global value of the Smart TV market is expected to reach USD 223.09 billion in 2023, and USD 668.53 billion in 2033 at an annual CAGR of 11.6 percent.

Recent Changes in the Global Streaming Devices Market

• Comcast and Charter Team Up together to launch a new streaming platform for US Consumers. Comcast along with Charter have announced they will create streaming platforms built on Comcast’s Flex which includes its free streaming service Xumo and will offer to all customers through the latest televisions, devices, and other smart gadgets.
• CNN Plus has launched on the Apple TV and Amazon Streaming Services CNN Plus, the News Centred CNN Plus has made its way to the streaming platform, integrating with Apple TV and Amazon.
• Roku launched its latest 4K streaming Stik that can provide long-range WIFI connectivity.

Streaming Devices Market

(Source: alliedmarketresearch.com)

On this basis, in Smart Streaming Devices Statistics Market analysis, the market is split into sales channels, component price ranges, applications, users, and regions. Based on the components used, the market is divided into hardware and software. Based on the channels of sales, the market is divided into offline and online. In terms of price, the market is split into mid-range, low-range, and high-end ranges. The application segment comprises gaming consoles, televisions, and others. End-uses include industrial, commercial, as well as residential. Based on the region it is the Smart Streaming Devices Statistics Market is examined all over North America, Europe, Asia-Pacific, and LAMEA.

Market Drivers

• Media devices that are growing in popularity have changed the way videos are watched. The traditional cable TV to a new level thanks to the accessibility of broadband high-speed internet. Online streaming services like Netflix, Amazon Prime, and Hulu have drawn TV viewers and have transformed their over-the-top(OTT) television viewing. This has led millions of people to sign up for streaming services online to gain access to their favorite pay-TV channels using live streaming services.
• With streaming media devices, such as Roku, Amazon Fire TV along Apple TV along with services like Netflix, Amazon, and Hulu users can watch new releases as well as classic films, and seasons of old and new television shows. The streaming devices are also able to access photo applications as well as social media websites on TV.
• Furthermore, digital content providers like Spotify as well as OTT service providers such as YouTube can be seen as an engine for the development of video and audio streaming services. This is why the increasing interest of viewers in different streaming services on the internet contributes to growing the Smart Streaming Devices Statistics market expansion.

By Application Analysis

(Source: fortunebusinessinsights.com)

• The Increasing Use of live video streaming is likely to drive market growth
• Based on the application, the worldwide market of Smart Streaming Devices Statistics is characterized by audio, video, and others.
• The devices that stream media are utilized predominantly for video streaming due to the increasing interest from viewers for live video. The rising popularity of devices that stream media from different sectors like legal, medical, and education to broadcast training is driving the growth of the market. Additionally, these devices are compatible with HD, HDR, and 4K TV, allowing access to various services, including Hulu, Amazon Prime Video, Disney Plus, Netflix, and HBO as well as other services.

Stream Media Devices Market Principal players

Tech giants such as Google, Apple, and Roku are focusing on New product development and Strategic Investment to enhance their standing in the market.

Roku, Inc.. is working on the development of new streaming services and offering additional services and support for its customers. The company is primarily focused on collaboration with television brands via the Roku TV licensing program and has a licensing agreement with service providers.

The month of January, 2020. Roku, Inc. launched Roku TV Ready as a new program designed to allow companies that sell consumer electronics to work with Roku. This collaboration will allow companies in the field of electronics to work seamlessly with Roku TV for fantastic living room entertainment.

The leading market players of the Market are implementing organic and inorganic growth strategies to keep their market share. These companies invest in research and development to create high-tech and efficient devices for commercial and residential applications. Established players are buying, collaborating, and investing in smaller players to expand their product offerings and improve their market share.

• Apple, Inc. – Apple’s annual revenues for the year 2023 were $383.285B which is which is a 2.8 percent decrease from 2022. The annual revenue of Apple in 2022 was $394.328B which is which is a 7.79 percent increase over 2021. Apple’s revenue in 2021 was $365.817B, which is a 33.26 percent increase over 2020.
• Roku, Inc – Roku revenue for the 12 months ended on the 30th of September, 2023 was $3.367B that’s which is a 7.76 percent increase from year to year. Roku’s revenue for the year 2022 was $3.127B which is which is a 13.09 percent increase over 2021. Roku’s 2021 revenue was $2.765B, which is a 55.45 percent increase over 2020. Roku’s revenues for the year 2020 were $1.778B that’s an increase of 57.53 percent increase over 2019.
• Google LCC – In the most recent financial year, Google’s revenue was estimated at approximately 279.8 billion U.S. dollars. Google’s earnings are mostly comprised of advertising revenue, which rose up to 224.47 billion U.S. dollars in 2022.
• AUSUSTEK Computer Inc- Revenue in 2023 (TTM): $15.72 B. As per ASUS’s latest financial statements, the company’s current revenues (TTM) totals $15.72 B.
• D-Link Corporation Limited – Revenue D-Link India Ltd.’s revenue increased 5.63 percent over the same time last year, to Rs311.39Cr during the quarter 2 2023-2024.
• Hi-Media Technology – Hi Media Laboratories Private Limited’s operating revenue varies from over INR 500 crore for the fiscal year that ended 31 March 2022.
• Koninklijke Philips N.V – Interactive chart of Koninklijke Philips (PHG) annual worldwide employee count for 2010 through 2023. Koninklijke Phillips’s total number of workers in 2022 stood at 77.233, an increase of a 1.22 percent decrease from 2021. The number of Koninklijke Philips’s workers in 2021 stood at 78.189, which is a 4.17 percent decrease from 2020.
• LG Electronics – (LG) today announced its third quarter 2023’s total revenues totaling KRW 20.7 trillion, operating profits of KRW 996.7 billion, and the second-highest third-quarter numbers of Philips’s testing in the history of the company.
• Western Digital – Western Digital’s revenues for the twelve months ended on September 30 2023 was $11.332B which is which is a 35.16 percent decrease year-over-year. Western Digital’s revenue for 2023 was $12.318B which is a 34.45 percentage decrease over 2022. Western Digital’s annual income for 2022 stood at $18.793B that’s which is an 11.06 percent increase from 2021.
• Sony Corporation –  Sony Corporation’s revenue for the 12 months that ended on September 30th, 2023 was $88.935B which is a 6.11 percent increase over the previous year. The annual revenue of Sony in 2023 totaled $85.395B which is an increase of 3.29 percent decrease from 2022. The annual revenue of Sony for 2022 was $88.301B which is a 4.38 percent increase over 2021.
• NETGEAR CORPORATION –  NETGEAR reported revenue of $801.27M during the 12 months that ended on October 1, 2023. This was a decline of -14.26 percent from the previous year. Revenue for the quarter ended October 1, 2023, was $197.85M which is a -20.73 percentage decrease over the previous year. In 2022 NETGEAR recorded a total annual profit of $932.47M which was a decline of -20.17 percent.
• Microsoft – According to the latest Microsoft financial reports, the company’s income (TTM) totals $218.31 B. In 2022, the company generated revenues of $204.09 B. This is an increase over the revenue in 2021 which was $184.90 B. The term “revenue” refers to the sum of money generated by a business through the sale of products or services.
• Amazon.Inc. –  The company’s Amazon Revenue for the twelve months ended the 30th of September, 2023 was $554.028B which is a 10.32 percent increase over the previous year. Amazon’s revenue for 2022 was $513.983B that’s an increase of 9.4 percentage increase from 2021. Amazon’s 2021 revenue was $469.822B, which is a 21.7 percent increase over 2020.
• Bharti Airtel – Bharti Airtel recorded a profit of Rs34,527 crore for its September 2023 period. This was 7 percent more than the Rs37,044 crore the year before.

Smart TV Statistics – Regional Market Analysis

In 2021 2021, it was the Asia Pacific region that commanded the biggest market share, which was 38% of the market for smart TVs. The dominance of the region is expected to last for the entire period of forecast. Additionally, it is expected that the Asia Pacific region is anticipated to see the most rapid growth between 2023 and 2032, driven by the rising popularity of smart televisions in developing nations such as India. Demand for 4K technology in the display is also predicted to increase in the region due to consumers’ desire for better picture quality and sleek design. This can lead to additional revenue-generating opportunities.
China is an important player in the global market however the rise of new players, such as TCL Corporation and Hisense Co., Ltd., has increased competition for established players.
Within the Middle East and Africa, the region is experiencing a dramatic growth trend. anticipated with an estimated CAGR (CAGR) that is higher than 12 percent between 2023 2023 and 2032.

(Source: scoop.market.us)

Global Video Streaming Market Highlight

(Reference: researchnester.com)

The market for video streaming is predicted to earn a total revenue of USD 750 Billion at the end of 2023 with a growth rate of 25% during the forecast period i.e. 2023-2033. Additionally, the market generated revenues of USD 70 billion in 2022. The main driver of growth for the market for streaming video is the growing number of people streaming videos. The most recent statistics released in 2021 showed that in the year 2020, there were more than 3 billion people who accessed the internet to stream videos or download from any device at least once per month. This number is expected to reach 4 billion by 2023.

(Source: researchnester.com)

High adoption of digital media across various industries has promoted the population to incline more toward different Smart Streaming Devices Statistics. Further, the rising number of creators and artists who wish to showcase their talent is expected to prompt the expansion of the video streaming market shortly. As per calculation, there are almost 35,000 movie and video production employees in the U.S. in 2022.

U.S. the Number of Devices Streaming Videos will Reach 1 Billion By 2022.

• The total number of streaming-video-capable devices in the U.S. topped 10 figures in 2021 and will exceed 1.1 billion by 2025, S&P Global Market Intelligence reported.
• In a research note, S&P said much of the credit for those one-billion-and-counting totals goes to a surge in connected-TV ownership – from 107.7 million sets in 2016 to 191.8 million in 2021 to a forecast 274.2 million in 2026.
• This rate is far higher than the growth of broadband-connected households, ranging from 98.3 million as of 2016 and 118.1 million in 2021. Then, it will rise to the predicted 134.4 million by 2026.
• Of the devices included in our study, smart TVs hold the most potential growth, because both the end user and the vendor completely embrace online platforms for their primary media consumption,” wrote analysts Milan Alexis Ringol and Neil Barbour. They anticipate that there will be a 7.4 percent annual compound increase for the category until 2026.
• Media players streaming and smaller streaming sticks which are categorized as separate units according to the research report have historically been a direct competition for connected televisions. A survey conducted in October by Hub Entertainment Research found that 44 percent of U.S. households had at least one connected TV as well as an additional streaming media player.

The Streaming Phenomenon

The COVID-19 virus has further led to the growth of the streamed media trend. In a solitary home, millions of households across the world joined streaming services for the very first time around 2020.

After the pandemic was less severe, consumers started spending more time out of their homes. There are, however, plenty of possibilities to get involved in streaming. The industry is likely to grow for many years. are ahead for the streaming sector.

Best Streaming Service Stocks in 2023

• There are many ways to gain portfolio exposure to Smart Streaming Devices Statistics. Here, we focus on the companies that are either pure plays or earn outsized returns on streaming.
• The best-streaming entertainment stocks include industry pioneer Netflix
• x (NFLX 0.33%), entertainment giant Disney (DIS 1.04%), and streaming platform leader Roku (ROKU 0.16%). Industry newcomers, like Fubo (FUBO 2.67%), are also worth researching.

(Source: fool.com)

Companies that Are Part of Media Conglomerates Provide Streaming Media Exposure, too.

• Telecoms firms have streaming services, for instance, Comcast’s ( CMCSA 0.23 percent) NBCUniversal launching of Peacock. Like many others, however, the costs are beyond control. Comcast is reporting huge losses at Peacock.
• Many tech giants offer streaming TV subscriptions as well. Amazon ( AMZN 0.02%) provides Prime Video and add-ons for Prime e-commerce users. Apple ( AAPL -0.7 percent) Television+ is a consistent expansion of this iPhone firm’s “services” sector. Also, Google’s ( GOOGL -1.3 percent)( GOOG -1.29 percent) YouTube TV is a newer service that was designed as an alternative to cable that is based on the internet.
• Legacy companies also provide different ways to stream live TV on the internet to replace traditional cable services or broadcast channels. Paramount Global ( PARA 0.35 percent) has changed the way it organizes its streaming division which comprises Paramount+ and the ad-supported service Pluto TV.
• Concerning restructuring, AT&T ( T 0.25 percent) has completed the spin-off of its media segment and merged it with the cable TV company Discovery. The brand new digital entertainment conglomerate Warner Bros Discovery ( WBD 1.78 percent) has shown promise and is getting close to profit. The world of satellite television is Dish Network ( DISH 0.27%)) which is the owner of Sling which is a flexible and cost-effective alternative to cable TV.

Conclusion

The streaming industry for both music and video content is expanding rapidly. Not only are increasing numbers of users turning to these services to enjoy the simplicity of streaming whatever they want, when they want, but, we’re also seeing an increase in new streaming services.

In addition, the quality of content offered has evolved, with the availability of video-on-demand streaming, live TV, and music streaming. These services provide the ability to view or listen to music at your own pace wherever you are Many consumers are overwhelmed by numerous options for services.

The base year for this analysis of the media streaming devices is 2017, and forecasts run through 2024. The report highlights the major trends that are impacting the world media streaming device market and also outlines the future impact.

Geographic Segmentation market is segmented by North America and Latin America (NALA), Europe, the Middle East, and Africa (EMEA) in addition to Asia-Pacific (APAC).

Saisuman Revankar

Saisuman is a skilled content writer with a passion for mobile technology, law, and science. She creates featured articles for websites and newsletters and conducts thorough research for medical professionals and researchers. Fluent in five languages, Saisuman's love for reading and languages sparked her writing career. She holds a Master's degree in Business Administration with a focus on Human Resources and has experience working in a Human Resources firm. Saisuman has also worked with a French international company. In her spare time, she enjoys traveling and singing classical songs. Now at Smartphone Thoughts, Saisuman specializes in reviewing smartphones and analyzing app statistics, making complex information easy to understand for readers.

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