Video Player Market Projected To Raise At USD 178.26 Million By 2028
San Francisco, 7 July 2023: The Report Video Player Market Size, Share & Trends Analysis Report By Type (1080P Blu-ray Players), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2022 - 2028 The global video player market size is expected to reach USD 178.26 million by 2028, registering a CAGR of -12.6% during the forecast period, according to a new report by Grand View Research, Inc. The increasing number of other channels of entertainment such as OTT (over-the-top) platforms, and streaming websites, in developed regions, are the major restraining factors for the video player market growth. However, increasing technological developments in this Blu-ray technology such as the creation of new formats, like High-Efficiency Video Coding (HEVC), which has led to a substantial reduction in the Blu-ray media content size. These developments have allowed storing more content in the same Blu-ray disc. This may help to increase demand for Blu-ray players. Due