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Set-Top Box Market: Future Scope, Size, Growth, Industry Top Companies Share, Outlook, and Forecast


Set-Top Box Market: Future Scope, Size, Growth, Industry Top Companies Share, Outlook, and Forecast
iCrowd Newswire
IMARC Group s latest report, titled
Set-Top Box Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, finds that the global
set top box market size reached a value of US$ 17.17 Billion in 2020. On account of these factors, the market is expected to witness steady growth, exhibiting a CAGR of 3.50% during 2021-2026. A set-top box is a hardware device that is used to convert video content to analog or digital TV signals. These TV and internet data signals are received via cable and telephone connection that is decoded and then displayed on the TV screen. A set-top box consists of turners, system buses, decoders, graphic processors, storage devices, demultiplexers, and decryptors. It provides multiple channels, at the request of the viewers, along with access to pay-per-view and premium channels. It also enables use ....

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Set-Top Box Market revenue to cross USD 21 Bn by 2027: Global Market Insights, Inc.


According to latest report
“Set-Top Box Market by Type (Cable, Satellite, IPTV/OTT, Hybrid), Recording (DVR, Non-DVR), Sales Channel (Online, Offline), End-Use (Commercial, Residential), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights, Inc., the
market valuation of set-top box will cross $21 billion by 2027. The market is anticipated to display high growth owing to the increasing penetration of digital TVs across the globe. The introduction of ultra HD and 4K set-top boxes for digital TVs is driving the market expansion.
The COVID-19 health crisis has significantly impacted the growth of the market during the first quarter of 2020. Government restrictions on movement during the first half of 2020 have resulted in a gradual reduction in set-top box sales, hampering the market value. However, with the economic revival, the industry will witness substantial growth by 2021. ....

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