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Digital Living Room Market is Expected to Hit $200 Billion by 2018 Reveals Reportbuyer.com(January 19, 2013)
(PRWEB UK) 19 January 2013
The Digital Living Room is a concept where network-based devices are used for infotainment purposes. The digital living room concept enables one to share music, photos, and videos among various consumer devices such as computers, set-top boxes, TV systems, smartphones, home theatre systems, gaming consoles, and other multimedia devices.
The total digital living room market is expected to cross $200 billion by 2018 with a single digit growth rate. Currently, the market value is approximately $180 billion
The 352 page report Global Digital Living Room Market (2013-2018): By Products,Technology & Geography states that televisions currently contribute to more than 75% of the global digital living room market. This share is expected to increase to more than 85% by the end of 2018.
Factors such as evolving technology and changing consumer behavior are affecting each type of digital living room devices. For instance, a declining trend is observed in the set-top box and Blu-ray player markets.LED backlit LCD TVs are expected to dominate the television market for the next five years and CCFL backlit LCD TVs and Plasma TVs shall witness a rapid decline in their shipments.
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