Europe Set Top Box Market To Witness Lucrative Growth Through 2027 - PowerPoint PPT Presentation

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Europe Set Top Box Market To Witness Lucrative Growth Through 2027

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North American Digital Health Market size is projected to cross USD 5 billion by 2027. Because of the recent technological boom in the entertainment sector, Europe set top box market forecast appears to be strong. When the coronavirus pandemic –led social restrictions shut down the box office, over-the-top (OTT) streaming companies and television sets stepped in to address the need for quality entertainment. – PowerPoint PPT presentation

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Title: Europe Set Top Box Market To Witness Lucrative Growth Through 2027


1

Europe Set Top Box Market is Projected to Record
CAGR of 2.5 by 2027
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  • North American Digital Health Market size is
    projected to cross USD 5 billion by 2027. Because
    of the recent technological boom in the
    entertainment sector, Europe set top box market
    forecast appears to be strong. When the
    coronavirus pandemic led social restrictions
    shut down the box office, over-the-top (OTT)
    streaming companies and television sets stepped
    in to address the need for quality entertainment.
  • According to Ofcom's study on the country's media
    habits, in August 2020, UK citizens spend 40 of
    their day consuming online video material and TV.
    Traditional broadcasters including the BBC, STV,
    ITV, and Channel 4 had a 59 increase in audience
    in March that year.
  • Advanced Digital Broadcast, Amino Technologies,
    Technisat, and Technicolor are among the main set
    top box companies in Europe, investing in RD for
    new product developments, aiding to serve the
    rising demand amidst COVID-19. Sophisticated
    Digital Broadcast (ADB), for example, integrated
    advanced middleware and DRM players into their
    set-top boxes.
  • A vast majority of manufacturers are exploring
    cutting-edge technology inputs, to boost the
    efficiency of set-top boxes. These cutting-edge
    technologies may meet a wide range of client
    requirements, increasing their watching
    experience. Virgin Media UK, for example,
    launched its Next Gen TV 360 platform and set-top
    boxes with enhanced capabilities such as HDR and
    4K in November 2020.

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4
  • Europe set top box market size is expected to
    exceed USD 5 billion by 2027. Rapid developments
    in digital broadcasting, along with the
    widespread availability of HD channels and
    on-demand video content, are propelling the
    industry outlook. The existence of entertainment
    behemoths like as Netflix, Amazon,
    DisneyHotstar, and BBC iPlayer are attracting a
    broad base of clientele in the set top box
    industry. People are increasingly flocking to
    these video streaming companies for ease of
    entertainment.
  • DTH service providers are modernizing their
    set-top box systems with capabilities such as OTT
    access, high-quality images, digital video
    recording, storage choices, and improved sound
    quality. Android set-top boxes are gaining
    popularity among European customers since they
    have in-built streaming services from the
    aforementioned video streaming service providers.
    Over the projection timeframe, demand for
    technologically integrated set-top boxes that
    allow voice control via voice assistants such as
    Siri, Cortana, and Google Home, shaping Europe
    set top box market trends through 2021-2027.
  • DVR set-top boxes are projected to expand in
    popularity as a result of sophisticated
    capabilities such as real-time program recording,
    video-on-demand, and virtual program guide.
    Consistently expanding access to latest
    blockbusters and significant athletic events,
    such as the Olympics, are setting Europe set top
    box market standards. TV service providers
    provide DVR set-top boxes that can record shows
    and movies for later viewing. These set-top box
    devices provide excellent simplicity while
    browsing through various functions, making them a
    popular product among clients.

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5
  • Segmentation Europe Set Top Box Market
  • Europe Market, By Type
  • Cable
  • Satellite
  • IPTV/OTT
  • Hybrid
  • Europe Market, By Recording
  • DVR
  • Non-DVR
  • Europe Market, By Sales Channel
  • Online
  • Offline

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