Global,Set-Top,boxes,Market,In technology Global Set-Top boxes Market: Increasing Digitization of Broa

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The global set-top boxes market has been experiencing rapid growth thanks to more interactive features and the rise in digitization of broadcasting services worldwide. In 2014, the market stood at US$14.4 bn. Analysts expect it to reach a value of US$24 bn by 2022, at a CAGR of 6.40% from 2014 to 2022. Digitization Switchover Fuels Set-Top Boxes Market across World Cable, IPTV, satellite, and HBB are the major types of set-top boxes available on the market currently. Among these, the market for cable set-top accounted for a share of 34% in the overall market, occupying the top position in 2014. As most of economies are in the midst of a digitization switchover at present, a significant number of pay TV providers are utilizing cable set-top boxes as receptors for the video content transmitted from their end. This factor is considered as the main reason for the growth of this market segment. On the other hand, the increasing adoption rate of IPTV among pay TV providers on account of an increase in Internet video traffic as well as an augmenting demand for mobile TV is fueling the IPTV stop boxes market extensively. Consequently, this market segment is expected to have a positive outlook between 2015 and 2022 at a CAGR of 10.70%.HBB set-top boxes offer satellite or cable TV services in combination with IPTV services and allow video content to be transmitted across multi-room TV networks, in mobile devices, and in personal computers. This factor has prompted the adoption rate of HBB set-top boxes in Europe and North America significantly. Asia Pacific Retains Leadership, North America Reaches Saturation Point Asia Pacific is the leading regional market for set-top boxes. It accounted for a share of 31% in the global market in 2014. Rising penetration of cable and satellite broadcasting networks in China and India has boosted this regional market to a significant extent. Additionally, the rapid digitization and the increasing pay TV subscriber base are likely to propel the Asia Pacific set-top boxes market at a CAGR of 9.90% over the forecast period. The set-top boxes market in North America is reaching its saturation point. The growth here has been stagnant for some time. Analysts consider the early digitization in this regional market as the main reason for this sluggishness. However, the increase in the uptake of HBB and IPTV set-top boxes is likely to trigger growth anew in the set-top boxes market in North America. The market for set-top boxes is led by Samsung Electronics Co. Ltd., ARRIS Group Inc., ADB, EchoStar Corp., Huawei Technologies Co. Ltd., Kaonmedia Co. Ltd., Apple Inc., Technicolor SA, Humax Co. Ltd., and Sagemcom SAS across the globe. Mergers and acquisitions are the key strategy that companies operating in this market rely upon for the expansion of their businesses. In a recent event, Technicolor announced the procurement of Cisco’s set-top box business in a bid to strengthen its presence in the global set-top boxes market.Get Sample Report at- Article Tags: Global Set-top Boxes, Set-top Boxes Market, Global Set-top, Set-top Boxes, Boxes Market, Broadcasting Services, North America, Asia Pacific, Regional Market



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