Connected TV Market: Revolutionizing Home Entertainment
The Connected TV Market is experiencing significant growth as consumers increasingly shift from traditional cable television to internet-enabled smart TVs. According to Market Research Future (MRFR), the global market is projected to expand from USD 328.84 billion in 2025 to USD 1,178.22 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 15.23% during the forecast period.
Source: https://www.marketresearchfuture.com/reports/connected-tv-market-24021
Market Overview
Connected TVs, also known as smart TVs, are television sets that connect to the internet, allowing users to stream content, browse the web, and access various applications. This technological advancement has transformed the way consumers engage with media, offering a more personalized and interactive viewing experience.
Key Drivers of Market Growth
Several factors contribute to the robust growth of the Connected TV market: