Global Streaming Media Devices Market Size 2024, Forecast To 2033

The streaming media devices market has undergone rapid growth, increasing from $14.42 billion in 2023 to $16.87 billion in 2024, reflecting a notable compound annual growth rate (CAGR) of 17.0%. This growth in the historic period is driven by the expansion of content streaming platforms, the rise in high-speed internet connectivity, the shift from traditional to digital entertainment, the affordability and accessibility of devices, and a decline in cable and satellite TV subscriptions. Looking ahead, the market is poised for continued rapid growth, reaching $31.74 billion in 2028, with a slightly higher CAGR of 17.1%. The forecast period will be characterized by the emergence of new streaming platforms, a focus on energy efficiency and sustainability, security and privacy enhancements, the continued evolution of user interfaces, and the global expansion of streaming services. Major trends in this period include 4K and ultra HD streaming, voice control and virtual assistants, smart TVs with built-in streaming, HDMI 2.1 and enhanced connectivity, AI-driven content recommendations, and enhanced security and anti-piracy measures.