Smart TV Market - Forecast (2023 - 2028)
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According to a Cisco study, in the year 2019, online video streaming will account for 90% of the Internet traffic[1]. The telecommunications marketplace has not missed this update, and capitalized majorly on this factor. Smart TVs, one of the latest and most important electronic inventions, has made entertainment streaming a cakewalk. Smart TV market companies and online streaming services have developed a symbiotic relationship where the latter benefits from the large screens, and easy connectivity, and smart TVs make use of the plethora of options offered by streaming services. The global smart TV market size in 2018 was between $130 billion to $140 billion. The market is also projected to grow at a notable CAGR of 8%-10% during the forecast period of 2019-2025.
Smart TV Market Outlook:
Any television that can be connected to the Internet, and used as a standalone device, is a smart TV. Though companies these days are selling intelligent TVs as a separate product, a regular TV with a set-top box can also be converted into a smart TV. Over-the-top content offered by online streaming services can be streamed seamlessly on smart TVs by connecting to the internet. This service is thoroughly utilized by consumers owing to the on demand streaming media facility that can be enjoyed on a large screen instead of being limited to our laptops, or mobile phones. As a result of China actively stealing production share of the smart TV market, Asia Pacific region leads the smart TV market globally with a regional share of 35%. 46 to 55 inches sized smart TVs are in extensive demand because of their screen size, as well as the accessibility their offer during global sports events like the FIFA World Cup, or the Olympics.
Smart TV Market Growth Drivers:
Rising Demand for Personalized Entertainment
Gone are the days when people would flock to cinema halls, or flip through their satellite TV channels. We have entered the times of online streaming on a big screen. Smart TV provides that facility by providing internet connectivity which helps consumers in subscribing to their favorite online streaming services like Netflix, and Amazon Prime.
Global adoption of advanced technologies, and rising technological advancement will bolster the smart TV market growth.
Smart TV Market Challenges:
The most prominent challenge faced by the market is the taxation of smart TVs. In India for example, smart TVs are placed under the highest tax slab of the Goods and Services Tax. Consumers are supposed to pay 28% of the already exorbitant rates at which the TVs are sold. Relaxation of taxation will greatly benefit the market, and help fight this challenge.
Smart TV Market Key Players Perspective:
Key market players are equipping smart TVs with Artificial Intelligence in order to make the experience more seamless. Consumers can now communicate with their TVs, and more often than not, don’t need a remote control.
Key market players in the smart TV market are Sony Corporation, LG Electronics, Inc., TCL Corporation, and Koninklijke Philips N.V., Haier Electronics Group Co., Ltd, Intex Technologies, LeEco, Panasonic Corporation, Sansui Electric Co. Ltd., Samsung Electronics, Toshiba Corporation, and Videocon Industries Limited.
Smart TV Market Trends:
Smart TV Prices Will Fall Off In The Upcoming Years
Smart TVs share histories of what the consumer is watching with online streaming websites in order to present more relatable content. Interactive advertisement revenue is also shared between the TV companies, and the marketers, thus establishing a symbiotic relationship. Easier access to multiple shows, and similar services elevates consumer interest, which has led to virtually all sold televisions these days to be smart TVs. This will disrupt the market, and lead to lower prices with robust sales in the upcoming years.
Smart TV Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart TV Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Smart TV Market, and their specific applications in different areas.
Smart TV Market Report: Industry Coverage
The Smart TV Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
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Set-Top boxes (STBs) have been in use since the beginning of the millennium. The initial purpose of STBs was to bypass cable companies and deliver television content directly to users' homes. They have now become a well-liked method of watching live TV online. In reality, a lot of individuals only use them for streaming media.
Read More:
https://blogger-aware.blogspot.com/2022/08/set-top-boxes-device-that-lets-tv-set.html
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"You're already dead," I said. "But stay anyway. Stay with us, and shelter all the wise-gifted children of the world," and made all three of the spells into one: the terrible murderous truth I had to tell the maw-mouth, and the sutras' longing plea for golden shelter, and the beautiful lie that the Scholomance had been built upon, and into that working I poured all the mana that Shanfeng had given me, the mana that had been saved up to build a school to save the lives of children. The work that Orion had tried to make his own.
I repeated the incantation in Sanskrit from the sutras, the incantation that really just meant "stay," and then Liu joined in, saying it in Chinese, the version she'd used in Beijing, and Aadhya said it with me the next time in English, "Stay and be shelter," and even as we were speaking I felt more jolting sparks going through me: Miranda and Antonio and Eman and Caterina had joined our human chain too, behind Khamis, and then there was a thump through us all like a lightning strike: Li Shanfeng had joined the line behind them.
I gasped with the surge and said it again, stay, even though I couldn't hear myself speaking anymore; more hands and voices were coming, everyone on Shanghai's side streaming to join in, power crackling through the line into me, and then Liesel's voice was calling out over the noise, "Not in a single line! Get closer and spread out!" and she pushed in next to me, putting a hand directly on my back, another supporting branch. Alfie was right next to her, reaching to touch me as well with Sarah gripping his free hand. In another moment, his father was there too in a line behind him. Wizards from both sides were crowding in now, all of us saying it together: "Stay," getting louder and louder even as the Scholomance and Orion both shook from their foundations.
He was getting heavier and heavier in my grasp, as if I was trying to hold him up, along with the entire school and all those other enclaves loaded up on his shoulders, against the dragging undertow of all the sloshing power of stolen mana draining away from under them. But everyone behind me was trying to help, trying to hold them - and then Ophelia and Balthasar were there, too. But they didn't join the chain: instead they came all the way up and put their own hands directly on Orion, next to mine.
And then Aadhya, my darling Aad who'd taken that first mad flyer on me, gritted her teeth and put her hand on Orion too, and other people started to grab on to them, spreading out the weight, pouring in more mana. We were all holding on to him and just saying it over and over, stay, in all the languages of the world, and beneath our feet a golden light was rising up out of the widening cracks in the carved inscriptions, filling them in, starting to make them whole, and there was light all around us, warm, full of hope, as Orion lurched forward under my hands, like someone who'd just been pulled back onto solid footing. He gasped and reached out to me, reached his hands out to cup my face, and he said in a ragged, broken voice, choosing, "I'll stay. El, I'll stay," and kissed me, through our tears.
The Golden Enclaves by Naomi Novik
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Hi!!💖 Have you ever read Seasons of Blossom? I started it some months ago and now I'm literally obsessed, it's so good! It's sweet, yet tragic, and overall super enjoyable. The characters are very likable and it made me cry so much (both for joy and for sadness lol)
Ohohoho you must know me well for this recommendation because you are right - it is SO good! In fact... let me show you how much I love this one 😅
I bought the Spring box set in Korean lmaoooooooo
Seasons of Blossom is, hands down, one over my favorite webtoons and I absolutely recommend it go everyone! You are very correct in how it manages to be sweet AND tragic. I'm behind on Winter because, frankly, I'm not good with things I love ending, but I just know I'll binge and catch up soon!
Something I really love about this series is the way all of the characters are, in some way, connected, whether it's because their friend groups overlap or relatives or something drawing them in, so it's never truly goodbye when we move on to the next season. I have definitely cried a LOT. Summer is just.... lmao look just trying to talk about it has me tearing up. Summer is very personally relatable to me, in how thick and choking the summer humidity is, and how it held such a painful, tragic story. And I know some people have issues with Autumn but I personally have a soft spot for angry, wounded girls lol
I even started the kdrama and despite some of the changes they made to the story, I was really enjoying it! I just had tp stop because while it was well done how they tied in Spring and Summer, my heart couldn't take it and I needed to take a break and I just haven't steeled myself lol
(Fair warning, because I think it's important to let potential readers know, Summer heavily deals with loved ones still struggling to come to terms with the suicide of someone they loved. I think it's incredibly well done; it's empathetic and understanding, it doesn't downplay the grief or confusion, or what compelled someone to make that choice. It's just also such a heavy, oppressive topic. I lmao binged it and just sobbed through the night lol ;~;)
Anyway YES YES genuinely 10/10 for Seasons of Blossom from me. I love it SO much and recommend it to anyone and everyone! Each season tells their own story and I find the writing so good! Spring is set up to be a sweet, little cliche which would be fine, but the writing didn't give in to the cliches and I love how it turned out!
Waaaahhhh I'm delighted you guys are suddenly giving me webtoon recommendations, I love this! I love discovering a diamond in the rough or getting to crow about how much I love something!!!!! 🥰
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