The global market for media streaming devices and over-the-top boxes is expected to approach 60 million shipments in 2019, according to Futuresource Consulting.
The research firm said that the worldwide ‘digital media adaptor’ market, which offers a low cost alternative to native smart TV functionality, will grow strongly in the coming years.
“Media streamers are not the flash in the pan they were originally thought to be. With many low cost options, consumers are turning to digital media adaptors to extend the life of their TV, and are also more willing to replace these devices regularly,” said Futuresource market analyst, David Tett.
Last year, Fututresource said that Google’s Chromecast accounted for almost 30% share of the market by volume, with Amazon’s Fire TV making “noticeable gains” in the market.