Global 4K tech market forecast CAGR of 20%
January 4, 2018
By Chris Forrester
A study by Research & Markets (R&M) says that there will be an acceleration in the adoption of 4K technologies, with compound average growth rates (CAGR) of some 20 percent in value terms by 2022.
The R&M study says that the growth will come from a “surge” in the adoption of 4K projectors and 4K cameras in the media and entertainment industry, increasing per capita income and improving standard of living.
“Growing influence of Chinese companies across the globe is also one of the major factors for increase in revenues of 4K technology. In 2016, televisions contributed the largest market share in global 4K technology market due to rising demand for enhanced picture quality coupled with declining prices of 4K televisions. All the above stated factors are expected to positively impact the market in the coming years as well,” says R&M.