Apr 6, 2022   SOURCE: BusinessWire

Global Casting Devices Market to 2027 - Featuring Google, Roku and Apple Among Others - ResearchAndMarkets.com

The "Global Casting Devices Market" report has been added to ResearchAndMarkets.com's offering.

Casting assign to a process of delivering video, photos or other media files from one device like mobile, Tablets or PC to a television or connected TV device.

Casting device helps to cast a particular file on TV & users can do other activities in the tablet or PC, mobile while the file is still playing on the TV. The growing adoption of smart TVs & the rise in development of new technologies like 4k resolution is creating opportunities for the global casting devices market over the forecast period.

Market Drivers

The increase in consumption of video-on-demand (VoD) services is a key driving factor which expected to boost the demand for casting devices during this forecast period. Also the growing adoption of casting devices with changing consumer behavior is expected to accelerate the market growth. These devices are connected, unmanaged devices whose main purpose is to receive on-demand content through the internet, and display it on a screen.

Primary entertainment streaming services play an important role in this industry. Some of the examples of these services such as Netflix, Hulu & ecosystems like Apple iTunes, Amazon Prime, and Google Play Store. The market is anticipated to grow as customers are provided with an increasing number of options for watching the content on laptops, smartphones, and tablets and with the emergence of several technologies like 4K resolution, along with broadband access. The market for streaming services is expanding at a faster rate & the casting devices market is quickly following suit. Smart TVs combine the features of a standard TV with features of a computer, and enabling users to access the internet and download apps which expected to create opportunities for the market growth in near future.

Market Restraints

The increase in availability of native smart TV apps may hamper the global casting devices market growth over the forecast timeframe.

Market Segmentation

By Type

  • Game Consoles
  • Media Streamers
  • Smart TVs

By End User

  • Residential
  • Commercial

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Companies Mentioned

  • Google Inc.
  • Roku Inc.
  • Apple Inc.
  • Mirascreen
  • Microsoft Corporation
  • Hisense Co. Ltd
  • EZCast
  • Nvidia Corporation
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.

Key Questions Addressed by the Report

  • What are the Key Opportunities in Global Casting Devices Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?
  • What are the strategies adopted by key players?

For more information about this report visit https://www.researchandmarkets.com/r/7i086y