San Francisco, California, August 28, 2017: The global digital living room market is prophesied to be boosted by a strong encouragement in respect of growth with the emergence of novel and innovative technologies. Such technologies could facilitate connectivity throughout several home devices. As per a report by TMR Research, titled “Digital Living Room Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” the growth is anticipated to pick up pace while riding on the increasing preference for digitalization supported by the rising count of consumers. Moreover, the growth in the market could be fortified by the inclusion of user-interactive features in home infotainment.
During the course of the forecast period, the demand in the world digital living room market is predicted to receive a strong impetus as manufacturers turn their focus to technological developments and innovations. Industry players looking to make business in the market could be pampered by auspicious opportunities birthing from the towering popularity of connected, smart, and intelligent homes.
However, the growth of the world digital living room market is envisioned to be hindered by compatibility issues and those related to intellectual property rights. Nevertheless, there could be opportunities growing in the market with the rising support for digitalization by governments around the world and emergence of more technologically sophisticated wireless and wired connectivity services.
On the basis of product classification, the world digital living room market could accept contributions made by gaming consoles, digital media players, home theater systems, televisions, and set top boxes. Out of these, the televisions market could showcase a great potential for growth in the foreseeable future. Changing consumer behavior and lifestyle and rising technological advancements are projected to impact the growth of the television classification of the market. There could also be various technologies contributing toward the overall growth of the market, such as sensors, processors, light-emitting diode (LED) driver integrated circuits (ICs), and memory ICs.
In view of regional segmentation, there could be the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America markets making their presence known. Players operating in the international digital living room market are prognosticated to garner growth opportunities in untapped emerging regions.
In view of market competition, players are envisaged to encounter leading companies such as BenQ Corporation, Sharp Corporation, and Samsung Corporation. The surging level of competition in the worldwide digital living room market is foreseen to provide favorable prospects of growth throughout the forecast timeframe. Asia Pacific could offer growth opportunities on the back of the rising standard of living of consumers and significant transitioning in terms of adoption from analog to digital products.
Click on the link below to request a sample copy of the report