The global connected living room market size is projected to
reach USD 70.67 billion by 2025, expanding at a CAGR of 8.6% over the forecast
period, according to a new report by Grand View Research, Inc. The increasing
adoption of smart TVs and smart speakers is expected to drive the growth.
The smart TVs have evolved drastically
in recent years with increased connectivity and accessibility to various
applications and platforms. The wireless connectivity has enlarged the
televisions compatibility with a large number of complimentary devices such as
smartphones and tablet PCs. This has further helped integrate various other
devices with the large screen comfort of a smart TV.
The video streaming application
segment is expected to lead the connected living room market over the forecast
period as increasing number of households continue to subscribe for
video-on-demand services. Video streaming has revolutionized the entertainment
industry and video-on-demand is emerging as a potential substitute to
conventional television broadcasts. At the same time, the growing trend of
streaming live videos over social media and other platforms is underlining the
importance of connected devices and making it evidently necessary for the
masses to get acquainted with these devices. These factors are expected to
continue propelling the growth of the market over the forecast period.
Asia Pacific is estimated to dominate
the connected living room market over the forecast period. The number of
smartphone users in the region is rising continuously as communication networks
continue to strengthen and the youth population continues to increase.
Moreover, the demand for smartphones, gaming consoles, and tablet PCs in the
region is growing as the popularity of social media platforms among the youth
population continues to grow. All these factors bode well for the regional
market.
Browse full research report on Connected Living Room Market: https://www.grandviewresearch.com/industry-analysis/connected-living-room-market
Further key findings from the study suggest:
- North America audio streaming segment was valued at USD 1.74
billion in 2018 and is expected to reach USD 3.11 billion by 2025, at a
CAGR of 8.0% over the forecast period
- Canada smart speakers segment is expected to reach USD 0.11
billion by 2025, registering the highest CAGR of 12.6% from 2019 to 2025
- The launch of smart speakers with artificial intelligence
that can be integrated with other devices is expected to drive the growth
of the connected living room market over the forecast period
- German video streaming segment is expected to reach USD 3.60
billion by 2025
- Mexico tablets application market is expected to reach USD
0.06 billion by 2025
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/connected-living-room-market/request/rs1
Grand View Research has segmented the global connected living room
market on the basis of device type, application, and region:
Connected Living Room Device Type Outlook (Revenue, USD Billion,
2015 - 2025)
- Smart
TVs
- Gaming
Consoles
- PC/Laptop
- Smart
Speakers
- Smartphones
- Tablets
Connected Living Room Application Outlook (Revenue, USD Billion,
2015 - 2025)
- Video
Streaming
- Audio
Streaming
- Gaming
Connected Living Room Regional Outlook (Revenue, USD Billion, 2015
- 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Mexico
- MEA
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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