July 14, 2020

Smart TV market

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.

https://industrystatsreport.com/ICT-and-Media/Smart-TV-Market/Summary