Amazon Fire TV and Roku continue to lead the streaming device market in the United States and in select foreign markets. New analysis data suggest that Roku holds a leadership position in both the U.S. and Canada, although beating it as a competitor has now become a priority for Amazon. In fact, the tech giant is investing several million USD to take the crown from its direct rival.
While Fire TV is the leading device in many of Amazon’s retail markets and holds over 40% market share in both Germany and Japan, it still trails Roku in the U.S. The spread of Google Chromecast is high in the Nordic countries and the Netherlands, where Amazon’s retail presence is minimal. Google holds over 50% market share in the Netherlands and Denmark.
Amazon Fire Tv’s Success
Amazon is one of the most successful companies in history. Primarily known for its focus on e-commerce, the “Big Four” tech giant has since expanded its horizons into markets such as cloud computing, artificial intelligence, and digital streaming. The first Amazon Fire TV was launched in early 2014. It was the company’s response to the digital streaming trend, which brought about products like Apple TV, Netflix, Hulu Plus, various streaming devices, smart appliances from Roku, and others.
Fire TV, while mainly competing with other streaming devices and platforms, was also developed in response to a significant shift in how consumers were interacting with entertainment. In fact, more and more people are abandoning traditional cable providers. Similarly, Amazon Fire TV can effectively capitalize on the cord-cutting phenomenon by offering a tailored and affordable proposition to the market. This encourages consumers to ditch expensive cable packages with thousands of channels they neither want nor need.
Amazon Fire TV has quickly become one of the key players in the digital streaming market
This is good news for Amazon, as it means the company has successfully established a new revenue stream in an incredibly promising market. Currently, Amazon Fire TV is available in several configurations. These include hardware devices such as Fire TV with 4K Ultra HD and Alexa Voice Remote, Fire TV Cube, Fire TV Stick, and a series of smart TVs that use the Fire TV platform.
Then, of course, there is the Amazon Fire TV app, which can be downloaded on various mobile devices. Much like Apple TV, the Fire TV app primarily acts as a control center, creating a unified streaming experience.
It provides access to thousands of channels, apps, games, and other digital content via the Amazon App Store. While there is plenty of free content available to Fire TV users, other content—from platforms like Amazon Prime Video, Netflix, and HBO GO—requires third-party subscriptions.
In fact, for consumers, Amazon Fire TV products offer a convenient, all-in-one digital entertainment platform. They are available in a wide range of hardware and software options, providing customers with more freedom, manageable costs, and an overall better streaming experience.