Thursday, July 24, 2014

Connected TV Device Market to Grow 100% by 2017

If you don't have a streaming media player (we have two and I'm considering a third already!) by now, it's likely you will in the next few years. According to the NPD Group, the number of streaming media devices in the U.S. will reach 204 million with in the next three years, an increase of 100% and a total that will be more than double the number of projected households connected to the Internet.
The connection rate is also projected to increase. While 60% of Internet-capable devices are currently connected, NPD projects that 76% of installed units will be connected by 2017. The evolution of hardware and digital content distribution is constantly changing the TV viewing experience," said Buffone, executive director of NPD Connected Intelligence, “The hardware is able to engage with consumers in ways that it hadn’t before. Over the coming years, the consumer’s preferred device for apps on TV will be shaped by the next generation of video game consoles, Smart TVs, and a new wave of streaming media players.” MORE: 07/23/2014 - Connected TV device market to skyrocket in US or MediaPost 07/22/14 - Connected TV Device Market Set To Explode

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