The streaming devices market is expected to showcase exponential growth by 2027 primarily driven by the prevalent expansion of the video streaming sector across the globe. Additionally, increasing consumer demand for cost-effective streaming devices is slated to create massive growth potential for the industry over the forecast timeline.
After the COVID-19 outbreak, government-imposed lockdown restrictions forced people to find a source of entertainment in their homes. Consumers flocked to streaming platforms with extensive collection of video content and invested in affordable and efficient streaming devices to optimize their viewing experience. Subsequently, driven by this surge in demand, the industry has seen optimistic revenue growth during the pandemic.
For instance, in April 2020