Global Smart TV Sticks Market 2019-2023
About this market
Growing number of products launches to drive growth in the market. The vendors of the global stick market are investing heavily in R&D for developing new products and innovative technologies, which are spreading across the industrial and private sectors. Technavio’s analysts have predicted that the smart TV sticks market will register a CAGR of close to 8% by 2023.
Increased benefits of smart TV sticks
Smart Tv sticks enable consumers to watch content from OTT providers such as Amazon Prime, Hulu, Netflix and various other sources over TV sets. It is an affordable way to view digital content on the TV sets.
Security issue related to smart TV stick
Consumers accessing applications such as Netflix and Hotstar through smart TV sticks have to log on to very application with user IDs and passwords. The passwords authenticate their account. Thus, the security issues can adversely impact the market.
For the detailed list of factors that will drive and challenge the growth of the smart TV sticks market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Alphabet and Amazon.com the competitive environment is quite intense. Factors such as the increased benefits of smart TV sticks and the growing number of products launches, will provide considerable growth opportunities to smart TV sticks manufactures. Alphabet, Amazon.com, CloudWalker Streaming Technologies, Now TV (Sky UK), and Roku are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Smart TV Sticks Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing number of products launches.”
According to the report, one of the major drivers for this market is the increased benefits of smart TV sticks.
Further, the report states that one of the major factors hindering the growth of this market is the security issue related to smart TV stick.
CloudWalker Streaming Technologies
Now TV (Sky UK)
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