Rockville, MD, Aug. 30, 2018 (GLOBE NEWSWIRE) -- With smart electronics flooding the global market, consumer preference has been modified with time. The availability of smart TV sticks is considered as a major advantage to viewers due to the presence of wider content options. Hence, to understand the various projections across the global smart TV sticks market, a new research report has been published by Fact.MR. This study is titled “Smart TV Sticks Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, which focuses on the opportunities as well as influential factors impacting growth in the concerned market during the forecast period.
The research report starts with the market summary and mega trends impact analysis followed by market definition and market taxonomy. Furthermore, readers can acquire important data associated to market drivers, restraints and trends set to transform the global smart TV sticks market in the near future. The later section talks about the key indicator assessment that includes important market factors such as PEST analysis, Value Chain analysis, cost structure, macro-economic factor analysis and Porter’s Five Forces analysis.
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APEJ Region to Acquire Significant Market Share in Smart TV Sticks Market during 2018-2028
The market analysis for global smart TV sticks sector is initiated based on geography. This report highlights the prime regions; namely, North America, Latin America, Japan, Europe, MEA and APEJ. As per report findings, Asia-Pacific excluding Japan has been noticing significant growth across the smart TV sticks market. This particular region is estimated to grow in terms of market share by almost 8% during the period between 2018 and 2028. Interestingly, it will become the second largest smart TV market, moving past Europe. On the other hand, the dominant market share in the global smart TV sticks market is controlled by North America which commands more than 40% of the global demand.
Third Party Online Channels Energize Sales of Smart TV Sticks
Different manufacturers of smart TV sticks are majorly focusing on endorsing and selling their products via third party online channels. The rising popularity of e-commerce has supported the trend of online selling, since customers can buy products at their convenience. Moreover, the cost effectiveness aspect is also related to online purchases that strengthens the demand for e-commerce. Sales of smart TV sticks through third party online channels is likely to rove at a strong pace during the stated forecast period; at this pace the market is anticipated to acquire close to US$ 1200 Mn by 2028-end.
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Another important growth factor is broadband penetration that is motivating the demand for smart TV sticks. It has been witnessed in several countries that low acceptance of smart TV sticks is due to the poor broadband infrastructure. Moreover, as per the live stats in 2017, household broadband penetration across the U.S. exceeded 90%, which has permitted the advance adoption of smart TV sticks.
The major players from the global smart TV sticks market include Amazon.com, Inc., Alphabet, Inc. (Google), Roku, Inc., Sky PLC (Now TV), Dongguan Sonicway Electrical Appliance Co., Ltd. (Cloudnetgo), Shenzhen Rikomagic Tech Corp.,Ltd, Shenzhen Tomato Technology Co., Ltd and Cloudwalker streaming technologies Pvt. Ltd. Each of these players is examined on the basis of company overview and key product offering.
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