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Vancouver, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The global cloud TV market size reached USD 2.03 Billion in 2020 and is expected to register a CAGR of 10.8% during the forecast period, according to latest analysis by Emergen Research. Global cloud TV market revenue is expected to expand significantly during the forecast period due to rising adoption of smart devices. Increasing demand for TV business analytics is expected to further boost global cloud TV market revenue growth over the forecast period. Advancements in wireless communication technologies are also expected to act as a catalyst to growth of the global cloud TV market in the near future.However, concerns regarding piracy of digital content are expected to hinder global cloud TV market growth during the forecast period.

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Scope of Research

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Major Companies and Competitive Landscape

The global cloud TV market is fairly fragmented, with a number of large and medium-sized market players accounting for a major revenue share. Some prominent players operating in the cloud TV market are:

Strategic Development

In November 2020, Kaltura Inc. announced a partnership deal with CommScope Inc. to provide cloud TV offerings to media companies globally. The combined solutions will leverage Amazon Web Services' ability to offer an efficient cloud platform, from development to deployment.

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Some Key Highlights in the Report

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/cloud-tv-marketEmergen Research has segmented the global cloud TV market on the basis of cloud type, service, streaming, end-use, and region:

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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Global Cloud TV Market Size to Reach USD 6.93 Billion in 2032 ... - GlobeNewswire