Set-Top Boxes Market To Register Substantial Expansion By 2015 - 2022
Set-top box is a device, which converts television set as user interface to the internet. Also, it allows TV to receive and decode digital television (DTV) broadcasts. At present, STB is becoming an integral part of TV across the globe. Over the top (OTT) services enables consumers to view content of their choice without paying extra charge. This is one of the key factors likely to fuel growth of set-top boxes market in the foreseeable future. Introduction of smart TVs, HD and ultra HD channels, and technological innovations are, conjointly, proliferating the adoption rate of set-top boxes. Digital video recording is one of the key features steering growth of the market. The feature allows to record the show and watch it later, as per the convenience of the consumers. Availability of TVs integrated with Set-top boxes is one of the major trends creating momentum in the market growth. These TVs provide provision of accessing online video streaming platforms and social media. In ad...