The market for 4K technology will explode to more than $100 billion by 2020

 Cinematography, Technique  Comments Off on The market for 4K technology will explode to more than $100 billion by 2020
Aug 072015
 

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According to the calculated figures projected by a new report from the Chicago-based research firm Markets and Markets, the overall market for 4K technology will have ballooned to a very heft $102.1 billion in valuation by the year 2020.

The report, which goes by the amazingly long title of: “4K Technology Market by Product (TVs, Monitors, Digital Signage, Set-Top Boxes, Smartphones, Tablets, Laptops, Projectors, Cameras, and Blu-Ray Players) and Geography (North America, Europe, APAC, and RoW) – Global Analysis and Forecast to 2020″ predicts an immense level of growth in 4K technology of all types over the next 6 years. As the researchers who compiled the study note, the total 4K tech market was worth only 18.2 billion in 2014 and the expected growth to 102.1 billion by 2020 implies an annual growth rate of more than 21% per year between 2015 and 2020. The link to the report itself (PDF) is available here.

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