Home entertainment device sales to reach 2 billion units in 2018

Monday, December 1st, 2014 
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Analyst Firm Predicts Total Home Entertainment Device Sales to Reach 2 Billion Units in 2018

VANCOUVER, British Columbia — IE Market Research Corporation (IEMR), the global provider of market research and business strategy services in the telecommunications space, announced today the release of its 4Q.2014 Global Connected TV, Gaming Console, and Computing Devices for Home Digital Entertainment Forecast.

“Among other segments within this market, sales of 7th Generation Gaming Consoles show a significant decline as consumers begin the switch toward 8th Generation Consoles. New technologies such as Thin Clients and Advanced Gateways show promise, growing at a CAGR of 60.3% and 67% respectively.”

IEMR’s latest report provides a comprehensive forecast of sales of TV, gaming consoles and computing devices in 18 countries and 7 regions. Based on a survey of over 33,000 consumers globally, this report is one of the most comprehensive forecasts of its kind.

The forecast provides country-specific historical and forecast data for TVs, Smart TVs, Media Players, Blu-rays, Smart Blu-rays, Media Streaming, DVDs, Set Top Boxes (STBs), Standard STBs, Gaming Consoles, 8th Generation Consoles, 7th Generation Consoles, DVRs, Multi-room DVRs, Thin Clients, Advanced Gateways, PCs, Laptops, and other home entertainment device usage.

“We think that the global connected home entertainment devices market will see significant growth over the next five years. The Smart TV segment is experiencing considerable growth in markets globally, increasing at a CAGR of 22.5%. We are forecasting that globally, sales of Smart TVs will rise to 268 million units sold in 2018,” said Nizar Assanie, VP (Research) at IEMR. “Among other segments within this market, sales of 7th Generation Gaming Consoles show a significant decline as consumers begin the switch toward 8th Generation Consoles. New technologies such as Thin Clients and Advanced Gateways show promise, growing at a CAGR of 60.3% and 67% respectively.”