The Global Market for Home Media Servers is Projected to Reach US$200.4 Billion by 2020

Robust Growth in Digital Home Entertainment Drives the Global Market for Home Media Servers, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Home Media Servers. The global market for Home Media Servers is projected to reach US$200.4 billion by 2020, driven by the proliferation of high-speed Internet, robust increase in consumption of digital entertainment content at home and consumer desire to share the same across multiple devices.

The home entertainment market is witnessing rapid proliferation of digital media devices, including portable media devices, gaming consoles, and computing devices. Smartphones and tablet PCs continue to pervade the home entertainment market driven by their ability to provide wireless Internet access, and download and store digital media on expandable memory cards. The ability of these media devices to connect with each other over a common network is driving the need for home media servers. Introduction of connected media player display technologies in the new LCD and LED television models has helped fuel significant demand for home media servers. With consumers preferring to stream their favourite movie and games to big screen LED for better user experience, the need for home media servers continues to grow.  Also fast paced growth in urbanization is positively impacting the market, by encouraging the affluent urban population to upgrade their digital lifestyles.  

Continued deployment of home networks augur well for the future of the home media servers market. Connected homes are increasingly being equipped with home gateways, advanced routers, powerline network adapters, and Wi-Fi range extenders to enhance the efficiency of home network connectivity. Network-Attached Storage (NAS) devices are increasingly being preferred as home media servers, driven by the exceptional storage capacity offered. Most of the NAS devices are capable of streaming high-definition movies to media players on a network without buffering or stalling. Advanced home media servers are designed to enable users to search, sync, and stream media files as an integrated part of home automation system and also access live home surveillance, control home appliances through any connected device from any point at home.

As stated by the new market research report on Home Media Servers, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 26% over the analysis period, led by China and India. Key factors driving growth in the region include growing consumer affluence and rapid proliferation of connected devices and surging home network subscriptions.

Major players in the market include Apple Inc., Autonomic Controls Inc., Axentra Corporation, Crestron Electronics Inc., CyberLink Corp., Kaleidescape Inc., Logitech International S.A., Pace plc, Panasonic Corporation, Prism Media Products Limited, ReQuest, Inc., Samsung Electronics Co., Ltd., Sling Media Inc., Sony Corporation, Synology Inc., TiVo Inc., VidaBox, LLC, Vizio Inc., and Western Digital Corporation, among others.

The research report titled “Home Media Servers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the US, Canada, Japan. Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Middle East, and Rest of World. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.

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