Set Top Box Market Growth and Segments,2015-2025 FMI | Page 4

Report
Description
Report Description
Global Set Top Box Market: Drivers
The global set top box market is largely affected by the rapid use and adoption of digital
television technology over the globe. Smart television and High Definition (HD)
technology as pushed the use of set top box to a great extent. Cable digitization has
increased the demand for set top boxes worldwide. Moreover, consumer demand for
media rich home entertainment services has fuelled the growth of the global set top box
market. Further, increase in disposable income and emerging middle class has led to
drive the global set top box market speedily.
Global Set Top Box Market: Restraints
The low cost set top box imports are posing as a challenge to the global set top box
market. In addition, low domestic production by the local companies is leading to the
lower supply of set top boxes in comparison to the market demands. Thus shortage and
supply backlog of set top boxes are acting as a pulling force in the growth of the global
set top box market. Moreover, emerging companies are acting as a competition to the
older players in the market thus making it difficult in the smooth operation of the market.

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