Video Player Market size is expected to reach USD 178.26 million by 2028
Video Player Industry Overview The global video player market size was valued at USD 458.60 million in 2021 and is expected to register a CAGR of -12.6% from 2022 to 2028. This can be attributed to the increasing inclination of the consumers for streaming video website over video players in developed region such as North America. The cost of Blu-ray players has decreased considerably in the last few years. The existence of high competition in the market and prompt technological advancements in Blu-ray technology has resulted in the price drop. Also, the entrainment and media industry has gone under rapid makeover during the last decade. Advanced video/audio systems such as Blu-ray players, are achieving massive adoption with latest advancements being done in the chip and display technology. Mainly, there is strong need in the entertainment world to increase the quality of the content. It is also bringing major developments in the electronic devices segment. Gat...