Global Streaming Media Devices Market to Reach USD 46.1 Billion by 2033, Catalyzed by Rising Internet Penetration

January 16, 2025 | Technology & Media

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According to the latest report by IMARC Group, titled “Streaming Media Devices Market Report by Device Type (Game Consoles, Media Streamers, Smart TVs), Application (E-Learning, Web-Browsing, Gaming, Real-Time Entertainment, Social Networking), End-Use (Commercial, Residential), and Region 2025-2033”, the global streaming media devices market reached a value of USD 15.7 Billion in 2024. Streaming media devices are used by consumers to stream video content on television screens. These devices, along with a good, stable internet connection, aid in browsing the content available not only on free video-sharing websites such as YouTube but also on subscription or pay-per-view services, including Netflix, Amazon Prime and Hulu. Their sales are constantly boosting across the globe, as they offer a diverse catalog of quality video content, including TV shows and movies, with an incredible viewing experience on big-screened TVs. Various attributes, such as the ability to pause, rewind and forward in these devices, unlike traditional cable TVs, offer convenience to the users. Apart from this, they can also be used to access photo apps and social media sites on bigger screens.

Global Streaming Media Devices Market Trends:

The rising internet penetration on the global level, particularly in developing countries, along with increasing digitization in various verticals, is primarily driving the growth of the market. Improved wireless connectivity and the ever-increasing library of videos offered by these services have led users to opt for online streaming services. In line with this, the inconvenience associated with traditional cable TV, including high costs, unnecessary channel subscriptions and aggressive promotional advertisements, has impelled the masses to shift toward over-the-top (OTT) streaming services with minimal ads and tailored content. Apart from this, the enhanced focus on research and development (R&D) and technological advancements in the market have led manufacturers to develop variants with improved features. For instance, Amazon has launched a Fire TV Stick having an improved Alexa-enabled remote, along with the update of screen mirroring to its devices. On account of these factors, the market is anticipated to reach a value of USD 46.1 Billion by 2033, growing at a CAGR of 12.11% during 2025-2033.

Market Summary:

On the basis of the device type, the market has been divided into game consoles, media streamers and smart TVs.
Based on the application, the market has been categorized into e-learning, web-browsing, gaming, real-time entertainment and social networking.
On the basis of the end-use, the market has been bifurcated into commercial and residential.
On the geographical front, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
The competitive landscape of the market has also been examined, with the detailed profiles of the key players operating in the market. Some of them include Google LLC, Microsoft Corporation, Sony Corporation, Roku, Inc., Samsung Electronics Co. Ltd., AsusTek Computer Inc., LG Electronics Inc., Apple, Inc., Koninklijke Philips N.V., Amazon.com, Inc., Huawei Technologies Co., Ltd., HiMedia Technology Limited, ARRIS International Limited and D-Link Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Device Type, Application, End-Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Google LLC, Microsoft Corporation, Sony Corporation, Roku, Inc., Samsung Electronics Co. Ltd., AsusTek Computer Inc., LG Electronics Inc., Apple, Inc., Koninklijke Philips N.V., Amazon.com, Inc., Huawei Technologies Co., Ltd., HiMedia Technology Limited, ARRIS International Limited and D-Link Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Streaming Media Devices Market to Reach USD 46.1 Billion by 2033, Catalyzed by Rising Internet Penetration

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