Brazil Set Top Box Market (2014-2020): Market Forecast By STB Type (Cable TV, DTH and IPTV) and Regions (South, North-East, Central-West and South-East and North)

LONDON, Jan. 29, 2015 /PRNewswire/ -- Brazil is one of the fastest growing set top box markets in Latin America region. Changing government laws and policies, increasing TV penetration and the consumer acceptance of technological advanced products are the key factors that are spurring the market for set top box in Brazil.

According to 6Wresearch, Brazil Set Top Box market is projected to reach $687.4 million by 2020. In 2013 & 2014, market declined owing low pay TV subscriber additions and presence of inventory with the market players.

With government's announcement to purchase 14 million set top boxes the market is anticipated to regain growth in the forecast period. In Brazil set top box market, Direct to Home set top box have prominently fueled the growth of the overall market.

Amongst all regions, South East region leads the market due to high disposable income of the individuals and growing number of multiple televisions in single household. Espirito Santo, Minas Gerais, Rio de Janeiro, and São Paulo are key the states in the South eastern region. However, a shift in demand towards Central west and North east regions is anticipated over the next six years.

Key Highlights of the Report

• Historical market revenue trends for Global Set Top Box Market (2010-2013)
• Market revenue forecast of Global Set Top Box Market until 2020
• Historical market volume trends for Global Set To Box Market (2010-2013)

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brazil-set-top-box-market-20142020-market-forecast-by-stb-type-cable-tv-dth-and-iptv-and-regions-south-north-east-central-west-and-south-east-and-north-300027796.html

SOURCE ReportBuyer

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