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IMARC Group, a leading market research company, has recently releases report titled “Digital Media Adaptor (DMA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global digital media adaptor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the digital media adaptor market?
The global digital media adaptor market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
What is the digital media adaptor?
A digital media adaptor (DMA) is an electronic gadget that is utilized for connecting a computer to a home media system. It is used to facilitate the transferring of digital files and audio content to and from electronic and media devices. Consisting of a processor, operating system, in-built Wi-Fi receiver and High-Definition Multimedia Interface (HDMI) ports, these adaptors are hassle-free to use and require very less time to install. Also known as digital media receivers (DMR), they can access videos, music, images and text media files while transferring them to the audio or visual (AV) equipment of home media systems.
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What are the growth prospects and trends in the digital media adaptor industry?
The global market is primarily driven by the rising popularity of streaming services across the globe. With the inflating disposable incomes of the masses and the escalating sales of high-definition smart TV sets, there has been a rising demand for DMAs to facilitate seamless streaming and uninterrupted user experience. The increasing automation across numerous segments has led to the rapid expansion of smart city projects across the globe. Smart homes utilize various electronic devices and gadgets, including DMAs, that are connected to the home network to communicate with one another. Coupled with the continual developments in the wireless network infrastructure, this is significantly increasing the uptake of DMAs.
The market is further driven by the introduction of technologically advanced product variants that offer improved audio transmission and minimal instances of sudden freeze frames. Numerous players are also heavily investing in the development of miniaturized DMAs that are portable and can be mounted on TV sets. For instance, Google, LLC, a multinational key player, is continually upgrading its marketed Chromecast product with improved 4K HDR support and enhanced capabilities. This, coupled with the increasing consumer demand for superior content viewing experience, is providing an impetus to the market growth. On account of these factors, the market is expected to grow at a CAGR of 5.1% during 2023-2028.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Wired Digital Media Adaptors
Wireless Digital Media Adaptors
Breakup by Content:
Audio
Video
Breakup by Distribution Channel:
Online
Offline
Breakup by Application:
Residential
Commercial
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Apple Inc.
Archos SA
Cisco Systems, Inc.
Google LLC (Alphabet Inc.)
NETGEAR Inc.
Roku, Inc.
Samsung Electronics Co., Ltd.
Seagate Technology LLC
Western Digital Technologies, Inc.
Zyxel Communications Corporation.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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