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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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