Industry Trends, Share, Size, Growth, Opportunities & Forecast – UK Parents Lounge
According to the latest IMARC group report, titled “Digital Media Adapters (DMA) Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2025”, The global digital media adapters (DMA) market reached a value of US $ 2.61 billion in 2020. Going forward, IMARC Group expects the market to grow at a CAGR of around 5% during the period 2021-2026.
A digital media adapter (DMA) is an electronic gadget used to connect a computer to a home media system. It is used to facilitate the transfer of digital files and audio content to and from electronic and multimedia devices. Comprised of a processor, operating system, built-in Wi-Fi receiver, and High-Definition Multimedia Interface (HDMI) ports, these adapters are easy to use and require very little installation time. Also known as digital media receivers (DMRs), they can access videos, music, images and text media files while transferring them to home media audio or visual (AV) equipment. systems.
Global Digital Media Adapters (DMA) Market Trends:
The global market is mainly driven by the growing popularity of streaming services across the world. With the increase in disposable income of the masses and the increase in sales of high definition smart TVs, there has been an increasing demand for DMA to facilitate streaming and uninterrupted user experience. The increasing automation in many segments has led to the rapid expansion of smart city projects across the world. Smart homes use various electronic devices and gadgets, including DMAs, which are connected to the home network to communicate with each other. Coupled with the ongoing developments in wireless network infrastructure, this dramatically increases the adoption of DMAs. The market is further stimulated by the introduction of state-of-the-art product variants that offer improved audio transmission and minimal instances of sudden freeze frames. Many players are also investing heavily in the development of miniaturized, portable DMAs that can be mounted on televisions. For example, Google, LLC, a key multinational player, continually upgrades its marketed Chromecast product with enhanced 4K HDR support and enhanced capabilities. This, along with the growing consumer demand for a superior content viewing experience, is driving the growth of the market.
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Global Digital Media Adapters (DMA) Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Apple Inc., Archos (Vingroup), Cisco Systems Inc., Google LLC (Alphabet Inc.), Netgear Inc., Roku Inc., Samsung Electronics Co. Ltd., Seagate Technology LLC, Western Digital Corporation and Zyxel Communications Corp.
The report has segmented the market on the basis of region, type, content, distribution channel, and application.
Breakdown by type:
- Wired digital media adapters
- Wireless digital media adapters
Breakdown by content:
Breakdown by distribution channel:
Breakdown by application:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
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