While the Apple TV has increased in popularity over the last several years, it falls short of competing product Roku. A survey of 10,000 U.S. broadband households revealed that 37% used a Roku device while 24% used an Apple TV, making Roku the most used streaming set-top box in the U.S.
Parks Associates predicts that worldwide connected TV device sales will double to reach 330 million annually by 2017, with annual sales revenue increasing almost 100%.
“Innovations such as next-gen game consoles and 4K or ultra-HD TVs will boost unit sales for these devices, but overall, consumers are reluctant to replace these big-ticket items solely for smart upgrades,” said Barbara Kraus, director, research, Parks Associates. “As a result, streaming video media devices will have a thriving market because they can offer innovations such as streaming video at low prices. Devices such as Roku’s streaming players and Google’s Chromecast will benefit from these market conditions.”