The 8K technology market is predicted to see a compound annual growth rate of 47.6 per cent over the next seven years according to a new report.
ResearchandMarkets.com’s 8K Technology—Global Market Outlook (2017-2026) suggests the market will increase from $2.05 billion in in 2017 to $68.13.
The report lists key factors that will help 8K content see market growth including monetary support by governments, progress in display technology and rising demand for larger-sized televisions with advanced resolution.
Based on the latter example, the television segment of the 8K market is expected to see significant growth. However, 8K is expected to be utilised in a number of different fields, including healthcare and medical, other entertainment and commercial industries.