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Technavio’s market research analysts have predicted the global Blu-ray media and devices market to experience steady growth at a CAGR of more than 3% during the forecast period. The rising popularity of online rental services is one of the key factors driving the Blu-ray media and devices market growth. With the emergence of online rental services like EST and subscription-based models, the Blu-ray media and devices market has a positive outlook in the coming years. The losses incurred by the declining sales of Blu-ray devices have been compensated with the increasing popularity of Blu-ray media online. This recent shift in preference to rent media online rather than going to a store is expected to propel the growth prospects of the Blu-ray media and devices market until the end of 2020.
The online media segment is experiencing growth owing to increasing penetration and the advantages of cloud storage. With new-age innovations like cloud storage, vendors can easily upload more high-quality Blu-ray content on the web. Blu-ray video consumes 12 times more storage space compared to conventional DVD media. Therefore, it is easier for the vendors to upload the content on the cloud, rather than in DVDs. Thus, increasing cloud storage space will help the vendors raise customer retention levels and profit margins in the next five years.
During 2015, the Blu-ray media segment dominated the market, and it is expected to reach close to USD 16 billion by 2020, according to the Blu-ray media and devices market forecast report. The changing lifestyles of consumers in developed countries has increased the access to Blu-ray media content. Additionally, an increasing number of movie production houses are releasing movies in Blu-ray format, and the high adoption of HDTVs has led to an augmented demand for high-quality media, which will positively affect this market segment during the forecast period.
The digital segment dominated the global Blu-ray media market and is expected to continue its influence over the forecast period. This segment is expected to account for more than 78% of the market share by 2020. With an increasing number of people adopting online services, this segment has a positive outlook in the coming years.
The global Blu-ray media and devices market is highly competitive with the presence of well-established global players. Though the market is consolidated with major providers, a few vendors in Asia pose a significant challenge to the leading vendors in the market.
Key vendors in this market are -
Other prominent vendors analyzed in this market research report are Falcon Technologies International, Hitachi Maxwell, Hulu, Lions Gate Entertainment, Netflix, Sharp, Taiyo Yuden, TDK, and Umedisc.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market attractiveness by type
PART 08: Market Segmentation by media
PART 09: Market attractiveness by media
PART 10: Market segmentation offline media rentals
PART 11: Market attractiveness by offline media rental
PART 12: Market segmentation by online media rentals
PART 13: Market attractiveness by type
PART 14: Buying criteria
PART 15: Market drivers
PART 16: Impact of drivers
PART 17: Market challenges
PART 18: Impact of drivers and challenges
PART 19: Market trends
PART 20: Vendor landscape
PART 21: Appendix
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