Playback is straight forward. You can choose from a vast variety of players for your pc.
Personal favorite is MPV Another great player is Media Player Classic. It supports 12-bit playback as well, unlike VLC, VLC. and/or SMPlayer
On smartphones, well, latest phones support X265 files playback with the native video player. You may also get VLC for android, or Video Player All Format.
As far as smart TVs are concerned, the latest models include native support for HEVC. Tested on an LG and a SAMSUNG tv.
Mp4 files can be used almost anywhere these days. If your device does not support HEVC, you may use handbrake to convert it to an .mp4.