Global set-top box market to top $46bn by 2027 | Digital TV News

The global set-top box market is anticipated to witness a robust growth during the assessment period 2017 – 2027. In a new report titled ‘Set-top Box Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017-2027),’ Future Market Insights studies the factors driving the adoption of set-top boxes across the globe. According to Future Market Insights’ analysis, the APEJ set-top box market is expected to witness a relatively high growth rate over the forecast period. Revenue from the set-top box market in APEJ and North America is estimated to collectively account for over 55.7% of the global set-top box market revenue in 2017. In North America, the increasing demand for 4K TV is expected to provide support to the growth of the set-top box market. In the APEJ region, due to the increasing penetration of television in both rural and urban areas, the set-top box market is set to receive a huge boost. Besides, a growing middle class and increasing disposable income in the APEJ region is also set to impact market revenue growth positively.

Source: Global set-top box market to top $46bn by 2027 | Digital TV News