The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing consumer desire for online streaming services is likely to encourage innovation in streaming media device production, hence propelling the market during the forecast period.

The global streaming media device market is expected to grow from $53.39 billion in 2022 to $61.92 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The global streaming media device market size is expected to reach $114.06 billion in 2027 at a CAGR of 16.5%.

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Global Streaming Media Device Market Segments Include:

• By Type: Gaming Console, Media Streamers, Smart TVs
• By Resolution: 720p, 1080p, 4K
• By Application: E-Learning, Web-Browsing, Gaming, Real-Time Entertainment, Social Networking
• By End User: Commercial, Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global streaming media device market in 2021.

Major Market Players in the streaming media device market include Apple Inc, Philips Electronics, Amazon.com, Google Inc, Microsoft Corporation, Sony Corporation, Roku, Inc, Samsung Electronics Co, ASUSTeK Computer Inc.

Advanced video platform technologies are a crucial topic that is gaining traction in the streaming media device market. To maintain their market position, companies in the streaming media device market are implementing new technology in video platforms. For example, Xiaomi Corporation, a Chinese consumer electronics business focused on smartphone and electrical hardware development, announced the TV Stick 4K in February 2023. TV Stick 4K’ has a voice control function that allows users to utilise Google Assistant to discover content, manage playback, and even control smart home devices. It also has built-in Chromecast capabilities, allowing users to cast content from their smartphone or tablet to their TV in real time. It allows users to access a variety of streaming applications and services, including Netflix, Amazon Prime Video, and YouTube.

The Streaming Media Device Global Market Report 2023  provides a streaming media device market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The streaming media device market forecast analyzes streaming media device market size, streaming media device market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A streaming media device connects to a television or other display to allow access to online streaming material such as TV shows, films, music, and other media. It is utilised to improve the TV viewing experience by providing users with on-demand digital material without the need for a cable or satellite TV subscription.

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