The 4K set-top box market will quadruple between 2015 and 2016, according to the latest ABI Research report.
‘Set-Top Box, CPE, and Video Devices Service’, which includes research reports, market data, insights, and competitive assessments, has forecasted that the market will rise from less than two million units in 2015 to more than 7 million in 2016.
It further forecasted that the market will then see an annual growth of 46 per cent through to 2021, despite predicting that the overall set-top box market will decline by nine per cent in 2016.
“Digital transitions are taking longer than initially planned and the market is experiencing significant downward pressure on set-top box pricing,” said Sam Rosen, managing director and vice president at ABI Research.
“Significant market consolidation already occurred. Operators worldwide are now carefully considering new opportunities to deliver video services, specifically through the use of streaming media adapters and adaptive bitrate, better known as ABR, IP-based protocols.”
“Hardware revenues will fall, but value through software and services remains an opportunity. Providers should be looking to take on logistics and lifecycle challenges, in addition to testing and integration, to help the overall market flourish as well as focusing on 4K and HDR colour set-top boxes will in the years ahead.”