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Report Overview
The broadcast and media technology market size stood at a value around USD 47.31 billion in 2023. The market is further expected to grow at a CAGR of 7% in the forecast period of 2024-2032 to attain a value of USD 86.72 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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With advancements in the communication sector, the world has become more linked. As broadcasting companies aim to provide customers with seamless communication experience, the industry is likely to experience major developments in the coming years.
Market Segmentation
Media broadcasting is the public broadcast of audio and video. For the audience to be able to listen to radio programs or watch TV shows, media broadcasting is necessary. The industry can be divided on the basis of its platform as DTT, satellite, cable, OTT, and IPTV. The industry finds application in sectors like:
- Broadcaster
- Studios and Creators
- Distributors
The industry can be divided on the basis of its components into software and services. While software is subdivided into on-premise and cloud-based segments, services is subdivided into consulting, support and maintenance, and managed services segments.
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On the basis of its solution, the industry can be divided into:
- Web Content Management
- Content Storage Solutions
- Editorial and Print Workflow
- Media/Digital Asset Management
- Revenue Management
- Ad and Data Management
- User Management
The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The continuous growth and integration of technology to provide enhanced broadcasting services to the customers is the driving factor for the broadcast and media technology market growth. The industry growth can be attributed to factors like increasing on-demand content penetration, live video streaming popularity, increased digital advertising, and evolving network infrastructure. With the increasing adoption of next-gen linked devices, content consumption continues to grow, providing an enhanced customer experience. News broadcasting and media systems address such evolving patterns for content consumption, further aiding the industry.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global broadcast and media technology market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Evertz Technologies Limited
- Video Stream Networks S.L.
- Harmonic Inc. [NASDAQ: HLIT]
- Rohde & Schwarz GmbH & Co. KG
- IBM Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Platform |
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| Breakup by Component |
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| Breakup by Solution |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchas Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Our Best Selling Reports
Broadcast and Media Technology Market Report Snapshots
Broadcast and Media Technology Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In the forecast period of 2024-2032, the global broadcast and media technology market is projected to grow at a CAGR of 7%.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach beyond USD 86.72 million by 2032.
The major drivers of the market such as rising disposable incomes, increasing penetration of on-demand content, rising popularity of video streaming, and growing digital advertising are expected to aid the market growth.
The rising consumption of online content and the growing adoption of next-gen linked devices are expected to be the major trends influencing the market positively.
The leading regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major platforms in the industry are DTT, satellite, cable, OTT, and IPTV.
The leading application segments in the industry are broadcaster, studios and creators, distributors, OTT, and IPTV, among others.
Web content management, content storage solutions, editorial and print workflow, media/digital asset management, revenue management, ad and data management, and user management are the significant solutions available in the market.
Software and services are the major components in the market.
The key player in the market are Evertz Technologies Limited, Video Stream Networks S.L., Harmonic Inc., Rohde & Schwarz GmbH & Co. KG, IBM Corporation, and others.
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