Digital Living Room Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Digital Living Room Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : April, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Digital Living Room Market: Snapshot

The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary devices that have made their entry into the living room.

Digital living room involves connecting multiple gadgets which may include entertainment devices, television, infotainment devices, and other devices that have application in the living room and are connected to particular internet connections. In a digital living room, consumers can stream, share, search, and operate devices concurrently. Accessibility to all connected devices at the same time is pushing consumers to upgrade to the digital living room.

The transformation of the living room into the digital entertainment hub of a home is due to several factors. This includes a shift towards digitization and the need to make storage of media content convenient and user-friendly.

Smartphones, laptops, TV, tablets, set-top boxes, home theater systems, Blu-ray players, DVRs, and gaming consoles are some of the major living room devices and have evolved to become an important part of a digital living room. The evolution of newer and advanced wired and wireless technologies have also contributed tremendously towards the growth of these devices. The technologies offered by the digital living room market have simplified storage, sharing, and transfer of premium quality media content.

Global Digital Living Room Market: Overview

Digital living room entertainment can be described as sharing and broadcasting of videos, music, and pictures among several consumer devices, such as television system, computers, and others. This sharing is done in order to offer entertainment as well as information to users. The global market for digital living room market is expected to witness robust growth throughout the forecast period, thanks to the untapped opportunities in developing economies worldwide. As per the research report, this market is anticipated to register a healthy growth rate in the next few years.

Furthermore, to provide a strong understanding of the global digital living room market, the research study has provided a comprehensive overview of the market. The growth drivers, barriers, latest trends, and challenges in the global market have been discussed at length in the scope of the research study. In addition, the product segmentation, technological developments, opportunities, and the regional segmentation of the global digital living room market have been presented in the study. A detailed competitive landscape of the global market has also been included to guide the new players.

Global Digital Living Room Market: Drivers and Restraints

The advent of innovative and new technologies that allow connectivity among different home devices is one of the key reasons estimated to encourage the growth of the global digital living room market in the forecast period. Additionally, the rising inclination of consumers towards digitalization is projected to accelerate the growth of the market. Furthermore, the integration of user interactive features, especially into home infotainment is expected to supplement the growth of the overall market in the coming years.

The increasing focus on innovations and technological advancements is another factor projected to fuel the growth of the global digital living room market in the forecast period. Moreover, the rising popularity of intelligent, smart, and connected homes is predicted to offer promising opportunities for key players operating in the global digital living room market.

Global Digital Living Room Market: Segmentation

The global market for digital living room market can be classified on the basis of technology into memory IC, lead driver IC, processors, and sensors. Furthermore, in terms of product, the market can be categorized into set top box, television, home theatre systems, digital media players, and gaming consoles. As per the research study, the television segment is expected to witness substantial growth in the next few years. The high growth of this region can be attributed to the technological developments and the changing lifestyle and consumer behavior.

Furthermore, the global market for digital living room market has been divided on the basis of geography. The key factors that are anticipated to encourage the growth of the leading regional segments have been highlighted in the research report.

Key Players Mentioned in the Research Report are:

Some of the leading players operating in the digital living room market across the globe are Cisco Systems Inc, Samsung Corporation, Sharp Corporation, BenQ Corporation, Sony Corporation, EchoStar Corporation, and Pioneer Corporation. The increasing level of competition is estimated to encourage the growth of the market throughout the forecast period.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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