Written by info
The global set top box market size was valued at USD 23.98 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2023 to 2030. Changing consumer behavior patterns toward the consumption of media content over television and internet amidst ongoing transitions in digital TV domain is a major factor in enhancing market outlook. Moreover, rising internet and broadband penetration coupled with increased preference for HD channels and on-demand video services is positively influencing the set top box market.
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