Report: Smart TV Market expected to reach $265 Billion by 2016

The overall smart TV market was worth $86 billion in 2010 and is expected to reach $265 billion by the end of 2016 with a CAGR of 17%. New market research report "Global Smart/Connected/Hybrid TV Market Forecast by Accessories, Platforms, Middleware, Application & Geography Analysis 2011 - 2016" designed by MarketsandMarkets has been recently published by Market Publishers Ltd.

Developments in the entertainment sector have largely been a scheme of simplified access, multi application and usage, centralization of system, instant activation and up gradation, social interactivity, and knowledge sharing. The need of the present and focus on the future is the driving factor for the global smart TV market.

The overall smart TV market was worth $86 billion in 2010 and is expected to reach $265 billion by the end of 2016 with a CAGR of 17%. By 2016, smart TV unit shipment is expected to reach 153.2 million units with a CAGR of 19%.

New market research report "Global Smart/Connected/Hybrid TV Market Forecast by Accessories, Platforms, Middleware, Application & Geography Analysis 2011 - 2016" designed by MarketsandMarkets has been recently published by Market Publishers Ltd.

The report examines the current market of smart TV's that provide consumers with the possibility to search, chat, browser, share, update, download, etc. in face of the emphasis of experience design over the next five years. The study also offers an insight into the following issues:

•     changing psychological consumer behavior and its impact on the commercial sector;
•     feasibility of potential applications for smart TV in the consumer electronics market;
•     integration of smart TV platforms with IC technology solutions.