Global Google Cast Wireless Display Market, By Offering (Hardware, Software and Services), Application (Consumer, Commercial) – Industry Trends and Forecast to 2029.
Google Cast Wireless Display Market Analysis and Size
Customers prefer inexpensive and easy-to-use devices, so the google cast technology segment has a significant market share and is expected to grow steadily. Google cast makes low-cost devices and different resolution systems compatible.
Data Bridge Market Research analyses that the google cast wireless display market which was growing at a value of 4.18 billion in 2021 and is expected to reach the value of USD 9.70 billion by 2029, at a CAGR of 11.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Google Cast Wireless Display Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Offering (Hardware, Software and Services), Application (Consumer, Commercial) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Amazon.com Inc.,(U.S.), Apple Inc. (U.S.), Google LLC (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Marvell Semiconductor Group Ltd. (U.S.), Roku, Inc. (U.S.), Lattice Semiconductor (U.S.), MediaTek Inc. (U.S.), and NETGEAR, Inc. (U.S.) |
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Opportunities |
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Market Definition
Google Cast is a proprietary protocol developed by Google for streaming audio/video content from the Internet to a compatible consumer device. The protocol is used to initiate and control content playback on digital media players, high-definition televisions, and home audio systems via a mobile device, computer, or smart speaker.
Global Google Cast Wireless Display Market Dynamics
Drivers
- high penetration from the residential and commercial sectors
Due to the increase in disposable income and increased technological vigilance among the general public, the residential segment has emerged as one of the most important stakeholders and is expected to expand rapidly. Furthermore, pressing demands for improved user experience and on-demand entertainment are propelling the market growth. The commercial segment, on the other hand, is expected to grow steadily due to the growing demand for interactive workforce management and effective communication platforms. Individuals' use of google cast wireless displays drives the growth of the google cast wireless display market's residential segment.
- Increase in adoption of consumer electronics combined rapid product innovations
Technological advancements and rising adoption in a wide range of applications, including tablets, smartphones, computers, and smart TVs, are expected to drive market revenue growth. The increased availability of over-the-top (OTT) content is propelling the google cast wireless display industry for consumer applications. Another important factor driving the market for wireless displays in business applications is cost savings, which can be achieved through simple setup and a reduction in time spent setting up meeting rooms.
The compatibility of wireless displays with 4K technology, which provides higher resolution content, is increasing adoption in consumer electronics devices. Another factor expected to drive market growth in this region is the increased use of various wireless display technologies as a result of companies introducing innovative products.
Opportunity
Wireless display solution providers are consistently investing heavily in product innovations that are expected to boost the sale of low-cost streaming devices over the forecast period. Over wired devices, these streaming devices provide a high level of digital convergence and ease of setting up conference rooms. These advantages are expected to propel the market in the coming years.
Restraints
High technology costs, the easy availability of low-cost substitutes, and the interoperability of technology protocols are acting as market restraints for Google Cast Wireless Display during the forecasted period.
This google cast wireless display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the google cast wireless display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Google Cast Wireless Display Market
In recent years, the COVID 19 pandemic has had a significant negative impact on several industries and manufacturing units. Specifically, the commercial sectors, which are the major end-user industries of the Wireless Display industry, were not operating throughout the pandemic. Visual marketing, customer engagement programmes, and other supportive services that are generally reliant on wireless display devices were reduced. As a result, the pandemic has significantly slowed the overall growth of the google cast wireless display market. However, the ongoing digital transformation, as well as the fact that a large portion of the population is confined to their homes, has increased the demand for wireless display devices for entertainment and job-related needs. Such factors have aided the growth of the google cast wireless display market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Google Cast Wireless Display Market Scope
The google cast wireless display market is segmented on the basis of offering and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offerings
- Hardware
- Software
- Services
Application
- Consumers
- Commercial
- Corporate & broadcast
- Education
- Healthcare
- Digital signage
- Government
- Defence
- Command centre
- Public offices
- Others
Google Cast Wireless Display Market Regional Analysis/Insights
The google cast wireless display market is analysed and market size insights and trends are provided by country, offering and application and application as referenced above.
The countries covered in the google cast wireless display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe will dominate the google cast wireless display market due to increasing consumer electronics usage in laptops, smartphones, smart TVs, and other products.
Asia-Pacific will grow during the forecast period of 2022-2029 due to rapid urbanisation and rising public awareness of the benefits of advanced technology.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Google Cast Wireless Display Market Share Analysis
The google cast wireless display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to google cast wireless display market.
Some of the major players operating in the google cast wireless display market are:
- Amazon.com Inc. (U.S.)
- Apple Inc. (U.S.)
- Google LLC (U.S.)
- Intel Corporation (U.S.)
- Microsoft Corporation (U.S.)
- Marvell Semiconductor Group Ltd. (U.S.)
- Roku, Inc. (U.S.)
- Lattice Semiconductor (U.S.)
- MediaTek Inc. (U.S.)
- NETGEAR, Inc. (U.S.)
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