Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Broadcast And Media Technology Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global broadcast and media technology market grew from $48.28 billion in 2022 to $53.44 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The broadcast and media technology market is expected to grow to $79.86 billion in 2027 at a CAGR of 10.6%.
Major players in the broadcast and media technology market are Evertz Technologies Limited, IBM Corporation, Quantum Corporation, ROHDE & SCHWARZ GmbH & Co. KG, Dell Inc., (EMC Corporation), Grass Valley, AVI Systems, Video Stream Networks S.L., WideOrbit Inc., Harmonic Inc., Eletec Broadcast Telecom S.A.R.L, Clyde Broadcast, Sencore, EVS Broadcast Equipment, and ACORDE Technologies S.A.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The broadcast and media technology refer to a variety of communication systems that entail transferring data across long distances utilizing electronic and electromagnetic approaches. Radio and television broadcasting technology, satellite broadcasting technology, digital cable and satellite television technology, digital terrestrial television, and satellite television technologies are the examples of broadcast and media technology.
The various solutions in broadcast and media technology include web content management, content storage solutions, editorial, and print workflow, media/digital asset management, revenue management, ad and data management, and user management. Web content management is a software used to manage content allowing multiple contributors to create, edit and publish. The hosting models in the broadcast and media technology include integrated and standalone. The end users of broadcast and media technology include broadcasters, distributors, OTT, and IPTV.
The broadcast and media technology market research report is one of a series of new reports that provides broadcast and media technology market statistics, including broadcast and media technology industry global market size, regional shares, competitors with a broadcast and media technology market share, detailed broadcast and media technology market segments, market trends and opportunities, and any further data you may need to thrive in the broadcast and media technology industry. This broadcast and media technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Technological advancement is a key trend gaining popularity in the broadcast and technology market. The companies operating in broadcast and media technology market are focusing on developing innovative products to meet industry demands and expand their market reach across the globe.
North America was the largest region in the broadcast and media technology market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broadcast and media technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
A rise in access to media and video streaming is contributing to the growth of the broadcast and media technology market. Streaming media is the process of delivering multimedia data (such as video or audio) from a streaming service provider to an end-user. Streaming media uses HTTP, TCP/IP, and HTML protocols to deliver audio and video elements.
For instance, in April 2022, according to a survey by State of Play report by Nielsen Holdings Inc., a US-based data, information, and market measurement firm, between February 2021 and February 2022, there was a double-digit growth of 18% in Americans' average weekly time viewing a video.
The total amount of streamed minutes increased from 143.2 billion to 169.4 billion. Over the last few years, viewers have increased the number of services they subscribe to and pay for. According to the survey, 58% of people who pay for video subscriptions do so for three or more streaming services, up from 32% in 2019. Such an increase in consumption of media and video streaming will propel the growth of broadcast and media technology market.
The countries covered in the broadcast and media technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $53.44 billion |
| Forecasted Market Value (USD) by 2027 | $79.86 billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Broadcast And Media Technology Market Characteristics
3. Broadcast And Media Technology Market Trends And Strategies
4. Broadcast And Media Technology Market - Macro Economic Scenario
4.1 COVID-19 Impact On Broadcast And Media Technology Market
4.2 Ukraine-Russia War Impact On Broadcast And Media Technology Market
4.3 Impact Of High Inflation On Broadcast And Media Technology Market
5. Broadcast And Media Technology Market Size And Growth
5.1. Global Broadcast And Media Technology Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Broadcast And Media Technology Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Broadcast And Media Technology Market Segmentation
6.1. Global Broadcast And Media Technology Market, Segmentation By Solution Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Web Content Management
- Content Storage Solutions
- Editorial and Print Workflow
- Media/Digital Asset Management
- Revenue Management
- Ad and Data Management
- User management
6.2. Global Broadcast And Media Technology Market, Segmentation By Hosting Model Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Integrated
- Standalone
6.3. Global Broadcast And Media Technology Market, Segmentation By End User Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Broadcasters
- Distributors
- OTT
- IPTV
7. Broadcast And Media Technology Market Regional And Country Analysis
7.1. Global Broadcast And Media Technology Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Broadcast And Media Technology Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/svpoyd
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