Smart TV market to grow 2015 at a CAGR of 20.37% by 2019

Global Smart TV Market 2015-2019

Smart TV, also known as connected TV or hybrid TV, is a TV with internet capabilities or incorporated with a set-top box, which enables it to offer advanced connectivity and computing abilities. This TV allows users to install and run advanced applications based on specific platforms, but should not be confused with an IPTV that only provides access to the internet. Its main function is to relay content such as photographs, movies, and music from devices attached to it using a DLNA such as Windows Media Player. It also provides access to TV channels and internet-based services such as catch-up and video-on-demand.

Global Smart TV market to grow at a CAGR of 20.37 percent by volume over the period 2014-2019. In terms of revenue, the market is expected to grow at a CAGR of 8.10 percent.

The new report draws attention towards the growing need to automate systems, solutions and devices in order to provide efficient and effective services. Advanced solutions like cloud computing are the fastest emerging technology in the railway industry.

“Cloud computing in railway automation systems not only improves passenger facilities while traveling, but also helps increase railway revenues,”

“Technological advancements will help railways run their trains on time, and provide real-time information to passengers.”

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Covered in this Report

The report covers the present scenario and the growth prospects of the Global Smart TV market for the period 2015-2019. It covers the smart TV market in different geographic regions. To calculate the market size, it considers revenue generated from the sales of smart TVs only. Moreover, the report does not consider the revenue generated from the after-sales service of smart TVs. The report comprises a detailed study of the market according to the geographical segments and key leading countries. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Global Smart TV Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Smart TV market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The report also emphasizes the increased adoption of analytics and big data by railways for gaining better knowledge of customer requirements. Adopting a new cloud-based system will allow railways to get a broader view across freight, passenger and logistics operations, thus assisting them in maintaining and managing the railway traffic across their networks more effectively. “Hitachi is one of the big vendors providing cloud computing and big data services to many railways, so that railway systems can work better,”

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