Dublin, Dec. 16, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Set-Top-Box Market 2016-2020" report to their offering. The global set-top-box market to grow at a CAGR of (4.83%) during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global set-top-box market for 2016-2020. To calculate the market size, the report presents the vendor landscape of the top six vendors in the market and lists other prominent vendors in the market. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the primary drivers in the market is increase in digitization of television networks. Digitization of cable networks has increasingly become predominant globally. Apart from improving the quality of cable networks, it allows network operators to keep a track of the actual number of subscribers, while the exact number of subscribers to analog signals could not be tracked. Governments of countries such as China and India are mandating the installing of STBs to increase transparency of money transfers. They will compel cable TV operators to pay the right amount of tax. One of the major concerns with the analog channel was signal tapping, which results in the loss of video quality. The rise in digitization is expected to increase the demand for STBs during the forecast period. Digitization provides consumers with a wider range of channels and better picture quality. With the help of digitization, service providers can offer more number of channels at a lower price. Digitization provides consumers with HD audios and videos at low costs. One of latest trends in the market is TVs with integrated STBs. One of the major trends emerging in the global STB market is the introduction of TVs with integrated STBs. These TVs provide users with enhanced aesthetics and a clutter-free TV viewing experience. The setup also allows the viewer to save videos, use various applications, and access social media. These TVs have a single remote control. The storage of videos becomes easier with a storage capacity exceeding 2 TB in DVR STBs. We expect TVs with integrated STBs to grow during the forecast period. As these TVs become more prominent in the market, more vendors will focus on increasing the storage capacity of STB-integrated TVs during the forecast period.
Further, the report states that one major challenge in the market is high popularity of free online video streaming sites. Free internet TV services are offered to subscribers in several regions through a public network. The availability of free internet TV services is directly hindering the revenue of the STB market. To overcome the challenge, vendors must include additional features like social media in their STBs, which will help to attract customers. The popularity of websites for streaming online content is increasing, especially in the sports category. This limits the impact of services provided by STBs. A high percentage of these websites do not have copyrights. However, banning these websites under copyright infringement is impossible as these streams can be immediately hosted under a different domain name.
Key vendors
- ARRIS
- Broadcom
- Comcast
- Huawei Technologies
- Pace
- Technicolor
Other prominent vendors
- ABOX42
- ADB
- Chicony Electronics
- Comtrend
- Coship Electronics
- Eagle Kingdom Technologies
- Edgecore Networks
- Hansun Technologies
- Humax
- Hyundai Digital Technology
- Lenovo Group
- LG Electronics
- Lung Hwa Electronics
- MitraStar Technology
- SAGEMCOM
- Samsung Electronics
- SandMartin Group
- SDMC Technology
- SetaBox Technology
- SmartLabs
- Sunniwell
- SysMaster
- TECHNOSAT
- TechnoTrend Görler
- Telsey
- TiVo
- Verismo Networks
- Vestel
- ZTE
For more information about this report visit http://www.researchandmarkets.com/research/nv2vsr/global
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