Global Digital Media Adaptor Market 2015-2019
About Digital Media Adaptors
Digital media adaptors are devices that stream digital multimedia content from the Internet to TVs and home theatres. These devices are also used to stream and share videos, music, and photos with playback systems or over the Internet. Many manufacturers of digital media adaptors have a pre-defined list of channels embedded in the media adaptor. The user can select from the list of available channels. The content available can be accessed free of cost or for a subscription.
Technavio's analysts forecast the global digital media adaptor market to grow at a CAGR of 5.47% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the global digital media adaptor market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of digital media adaptor from the following regions:
Technavio Announces the Publication of its Research Report – Global Digital Media Adaptor Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Digital Media Adaptor Market: Apple, Archos, Cisco, Netgear, Roku, Western Digital and ZyXEL Communications
Other Prominent Vendors in the market are: Dolby, Google, Microsoft, Samsung, Seagate and Sony
Commenting on the report, an analyst from Technavio’s team said: “Many homes in developed nations such as the US and the UK are being revamped into smart homes. In a smart home, consumer electronic devices, media and entertainment gadgets, and other smart electronics are connected to the home network and can interact with each other. Digital media adaptors play a major role in the functioning of smart homes as they help to stream media content via the Internet direct to a TV or home entertainment system. In addition, the increased spending capacity of consumers in developing countries has increased the market for smart homes and this will propel the growth of the global digital media adaptor market.”
According to the report, many new genres of online video content are now available in the market such as live streaming, comedy series, movies, and sports, which are provided by some of the leading online streaming service providers such as YouTube. People no longer just watch online videos on desktops, they have also started watching them on mobiles, tablets, and laptops. A digital media adaptor helps in streaming content from the Internet and from random access memoryto various devices. Thus, the increase in demand for online video content is expected to drive market growth.
Further, the report states that the high penetration of STBs is hindering market growth because it offers numerous benefits such as pause and store facilities and easy deployment options compared to a digital media adaptor.
Apple, Archos, Cisco, Netgear, Roku, Western Digital, ZyXEL Communications, Dolby, Google, Microsoft, Samsung, Seagate, Sony