Flourished OTT (Over-The-Top) Media Services Causing an Upsurge in the Sales of Home Entertainment Devices in North America

The North American home entertainment devices industry is estimated to display a steady CAGR during the forecast period (2020-2026). Flourishing economy, increasing integration of connected devices, rising overall investments in the electronics industry, significant consumer shifting to luxurious lifestyles, and more have caused a substantial upsurge in the sales of the home entertainment devices in the region.

Besides, increasing customer spending on entertainment devices attributed to the boom of OTT media services has been imperative to the growth of the home entertainment devices market in North America. Premium OTT services are proliferating in the region, significant investments and launch of new services, including an extensive range of niche and special offerings have triggered a need in consumers to turn to entertainment devices. Growth prospects for the same are endorsed by increasing penetration of tablets, greater availability of internet, connected TVs and streaming media players, and standardization between heterogeneous client platforms.

Browse the full report description of "North American Home Entertainment Devices Market Size, Share & Trends Analysis Report by Product Type (Audio Devices, Video Devices, and Gaming Consoles) by Distribution Channel (In-store and Online) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/north-american-home-entertainment-devices-market

The rise of OTT services owed to the factors aforementioned is expected to ultimately cause an upsurge in the usage of home entertainment devices in the region. Additionally, as the media and entertainment industry is at an all-time low, individuals are turning to home entertainment devices to fulfill their doze of entertainment, leaving the prospect of entertainment devices as exceptionally bright.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product Type and Distribution Channel
• Countries Covered- the US and Canada
• Competitive Landscape- Apple Inc., Bose Corporation, Harman International Industries, Inc., Klipsch Group, Inc., and Microsoft Corporation

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Home Entertainment Devices Market Report Segment

By Product Type

• Audio Devices
• Video Devices
• Gaming Consoles

By Distribution Channel

• In-store
• Online

North American Home Entertainment Devices Market – Segment by Region 

• US
• Canada