Cloud TV Market Size and By Region – Global Opportunities & Forecast 2021-2028

 


Cloud TV Market

The global cloud TV market is anticipated to witness a healthy growth of 21.5% over the coming years. Cloud TV has the ability to offer HD view for internet browsing, email, and support for popular social networking platforms. The huge demand for HD resolution in content consumption is likely to guide the cloud TV market growth.

Request a free sample of Cloud TV Market

Cloud TV Market Dynamics

Cloud TV possesses the ability to offer over-the-top (OTT) content to the customers with no involvement of different system operators. Thus, supporting the advertisers to encourage their brands on TV using interactive services. For example, ActiveVideo Networks, in 2014, collaborated with Brightline to publicize interactive advertisements of brands such as American Express Company and L’Oreal for Roku devices on quadrature amplitude modulation (QAM) –upon the set-top boxes. Additionally, the cloud TV platform enables video streaming properties such as YouTube to their customers on the existent set-top boxes. For example, UPC Hungary provides YouTube to customers via a cloud TV platform. Moreover, the surging demand for clear and high resolution picture quality is steering the cloud TV market size. Also, surging espousal of intelligent devices such as smart TV, smart mobile phones and tablets is supporting the market growth. With the increasing demand for value addition in television sets, it is projected that television producers will install cloud TV services in their smart television sets. Additionally, the cloud TV market report projects that the surge of 3D content in television broadcasting has bolstered the market growth. Other factors, such as 5G connections and wireless communication have bolstered the market growth. Moreover, various Telecom vendors are increasingly investing in the 5G technology to raise the cloud TV experience. For example, Nokia merged with AT&T to improve 5G connectivity in the 39 GHz band by supervising fixed wireless 5G tests with AT&T’s Internet TV streaming service, DIRECTV NOW.

As per the cloud TV market analysis, the evolution of the coronavirus has influenced the lifestyle and routine of individuals. The enforcement of work from policies and social distancing has raised the levels of in-home video consumption. This pandemic has transformed the working approach and drifted people towards YouTube, Netflix, or video conferencing tools and software to host webinars and intern. For example, Netflix directed cheering 15.8 million incomes through paid subscriptions in the first quarter of 2020 amid the coronavirus pandemic as people were compelled to stay indoors.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more