About Blu-Ray Media and Devices
Blu-ray discs (BD) use a blue-violet laser, which has a shorter wavelength than the red laser used in DVDs. This allows these discs to store a large amount of data more accurately in a relatively limited space.
The global DVD market has reached saturation due to an increased purchase by numerous households. The penetration of Blu-ray technology is rapidly increasing in developing countries due to growing awareness of the technology.
Blu-ray is considered to provide an enhanced home entertainment experience by providing better viewing experience. Therefore, the demand for high-quality digital content has grown exponentially in-line with latest technological trends.
Technavio’s analysts forecast the global Blu-ray media and devices market to grow at a CAGR of 3.17% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global Blu-ray media and devices market during 2016-2020. To calculate the market size, the report considers the media and devices that use Blu-ray technology.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Blu-Ray Media and Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Blu-Ray Media and Devices Market: Moser Baer, Panasonic, Ritek, and Sony.
Other Prominent Vendors in the market are: Falcon Technologies International, Hitachi Maxwell, Hulu, Lions Gate Entertainment, Netflix, Sharp, Taiyo Yuden, TDK, and Umedisc.
Commenting on the report, an analyst from Technavio’s team said: “The online segment is experiencing growth owing to an increasing internet penetration. A growing number of the population are becoming tech savvy and are venturing into the online sector. One of the major innovations is increased cloud storage capacity, which allows vendors to upload more high-quality Blu-ray content. On an average, Blu-ray videos consume 12 times more storage space compared to the traditional DVD quality. Therefore, increasing the available cloud storage space will only raise customer retention levels and profit margins.”
According to the report, due to technological obsolescence, the price of existing technology will depreciate in the future, making it an affordable option for a large population. The early adopters of the technology are upgrading to the latest Blu-ray technology. This has increased the sales of previous technologies, thus, decreasing the average selling price of the product.
Further, the report states that free internet television services are offered to subscribers in multiple regions through a public network. The availability of free internet television services is directly hindering revenue of paid services, thus, hindering the Blu-ray market.
Moser Baer, Panasonic, Ritek, Sony, Falcon Technologies International, Hitachi Maxwell, Hulu, Lions Gate Entertainment, Netflix, Sharp, Taiyo Yuden, TDK, Umedisc.
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