The Latin America, Middle East and Africa Connected Living Room Market would witness market growth of 12.8% CAGR during the forecast period (2022-2028).
The WHO broadens this concept to include the environment, social interactions, and the domains of physical and mental health. Owning a potent, commonplace, network-enabled device is now more inexpensive because of recent advancements in communication technology. Today's shared physical environment is covered with wireless networks, particularly in wealthy nations and densely populated places.
In essence, the widespread use of internet connectivity among various devices is responsible for the living room's faster digitization. The popularity of connected living rooms is predicted to increase with the growing acceptance of online media streaming. All electronic devices that are online-connected in the living room include televisions, smartphones, game consoles, and other devices.
Laptops, tablet phones, personal computers, set-top boxes, as well as other connection devices can also be included in the list of linked devices. The market is anticipated to be driven by the strong bandwidth and digital environment availability brought on by technology improvements over the past few years and the widespread adoption of wireless streaming. Innovation is also anticipated to be aided by rising online entertainment usage, the introduction of dependable and advanced music storage technology, and high-speed data streaming.
Latin America is bound to become the world's second-fastest-growing streaming market. The region experienced a steep increase in video streaming and audio streaming, cementing itself as a vital strategic region for the development of connected devices firm. The rise can be attributed to a number of things, including a shift in consumer behaviour brought on by the COVID-19 pandemic. But primarily due to the increased fixed and mobile internet service penetration throughout the region.
The Brazil market dominated the LAMEA Connected Living Room Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,618.5 million by 2028. The Argentina market is anticipated to grow at a CAGR of 13.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 12.5% during (2022 - 2028).
Based on Application, the market is segmented into Video Streaming, Audio Streaming, and Gaming. Based on Device Type, the market is segmented into Smart TVs, Gaming Consoles, PC/Laptop, Smart phones, Tablets, and Smart Speakers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Connected Living Room Market is Predict to reach $75.6 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd., Toshiba Corporation, Koninklijke Philips N.V., LG Electronics, Inc. (LG Corporation), Panasonic Corporation, Netflix, Inc., Google LLC, Apple, Inc., Amazon Web Services, Inc., and Motorola Mobility Holdings. Inc.(Lenovo Group Limited).
By Application
By Device Type
By Country
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