The IMARC Group provides an extensive analysis of the GCC Set-Top Box industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report also provides competitor analysis, regional analysis, and recent advancements in the market.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by species, size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
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A set-top box (STB) refers to an appliance connected to a communication channel, such as Integrated Services Digital Network (ISDN) or phone, to receive and decode digital television signals. It can be accessed through several TV delivery methods, such as satellite, the internet, terrestrial cable, etc. A set-top box supports home networking, video conferencing, video-on-demand, internet protocol (IP) telephony, and other internet multimedia services. Rapid urbanization and rising disposable incomes of the consumers have led to the broader adoption of set-top boxes in the GCC region.
The expanding broadband services and increasing advancements in digital technology are primarily driving the GCC set-top box market. Furthermore, smart remotes that facilitate gesture control using ultrasonic sensors and infrared (IR) light-emitting diodes (LEDs) for transmitting decoded signals to the STB and the integration of STBs with motion sensors and cameras are also propelling the product demand. Additionally, various manufacturers are collaborating with internet service providers (ISPs) to improve product sales in the region, thereby augmenting the market growth. Moreover, the growing demand for Over-the-Top (OTT) media services due to various lockdown regulations imposed to inhibit the spread of the coronavirus infection is further bolstering the GCC market for set-up box.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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