Trends in Smart Tech Leading to Growth in the Smart STB and Dongle Market is a new market research publication announced by Reportstack which indicates the Smart STB and Dongle Market is growing at a CAGR of 24.99 percent from 2013-2018 thanks to some interesting market trends encouraging growth in the sector.
A smart STB allows a TV to become a user interface with the internet, allowing users to connect to the internet and stream online content. These devices have some or all of the following features: media streaming from other connected devices to a TV, ability to record content from the TV, pause, rewind, or fast-forward live TV content, Wi-Fi function, multiscreen interaction support, and embedded cable modem broadband coverage. Many of these devices come in a portable dongle format, the latest one being Google's "Chromecast".
According to Research, one of the latest market trends is the integration of smart STBs with smart TVs and media players.
Instead of purchasing systems, users can buy a smart TV that is integrated with a smart STB, which allows them to directly connect to the internet, stream media, and access subscribed content. While this could be considered a threat to companies that only produce smart STBs for the retail market, many vendors are overcoming this challenge by supplying smart TV manufacturers with smart STBs for integration.
Smart Homes Also Fuelling Market Growth
The report also points to the wider proliferation of smart homes as a big trend in the market. Smart homes allow consumer electronic devices, media and entertainment gadgets, and other smart electronics connected to the network to interact with each other.
“Smart STBs and dongles play a major role in the functioning of smart homes. For instance, they help stream media content via the internet direct to a TV or home entertainment system. The market for smart homes in developing countries is growing as the spending capacity of consumers in these countries has increased. This, in turn, will fuel the growth of the Global Smart STB and Dongle market,” .
To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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To view the table of contents and know more details please visit Trends in Smart Tech Leading to Growth in the Smart STB and Dongle Market.