In its latest report on Broadcasting Equipment Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Broadcasting Equipment Market is valued at USD 5.90 Billion in 2018 and expected to reach USD 12.29 Billion by 2025 with the CAGR of 13.02% over the forecast period.
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Scope of Global Broadcasting EquipmentMarket Report–
Broadcasting refers to the use of electronic mass communication media to share information with end users in the form of audio and video content. The broadcasting is generally done by radio and television transmission via cable and radio waves. The mass communication medium used is called as a broadcastingequipment. Various equipment used for program broadcasting includes commercial broadcasting, closed circuit television, public broadcasting, television, amateur television and amateur broadcasting.Broadcasting equipment is used as a means to broadcast in a way to disseminate knowledge, documentaries and press releases, and to educate the public about new developments. Broadcasting allows society to express its views on the world, which can be used as a means of expressing dissatisfaction, commenting or providing general information. Broadcasting is the primary means of entertainment. People use broadcasting equipment as a form of entertainment, including television programs and radio.Good broadcasting requires the use of high quality equipment with the latest technological level to perform functions quickly and economically. As technology advances, more and more devices become wireless systems to enhance the experience and make exercise more flexible.
Global broadcasting equipment market is segmented on the basis of product type, technology, applications and region. Based on theproduct type,the market is segmented into servers, camera, switches, encoders and modulators.Based ontechnology,the market is segmentedinto analog broadcasting and digital broadcasting.Based onapplications, the market is segmentedinto studio production, post production, sports production and news production.
The regions covered in this Broadcasting equipmentmarketreport are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market of broadcasting equipmentmarketis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players forGlobal Broadcasting equipment Market Report–
Key players of the Broadcasting equipmentmarket are Microsoft Corp., ZTE Corp., ARRIS Enterprise Inc.,Harmonic Inc.,Brightcove Inc., Ericsson A.B., SeaChange International Inc., AvL Technologies, Inc., Harmonic Inc., ACORDE Technologies S.A, Alcatel-Lucent SA, EVS Broadcast Equipmentand Cisco Systems Inc.
ZTEcorp, China Mobile claims first ever 5G sporting event broadcasting rights.
On August 12nd, 2019; The Chinese telecommunications equipment supplier ZTE and the operator China Mobile have cooperated to organize the first 5G sport event in China and broadcast the second National Youth Games. ZTE and China Mobile Shanxi Branch broadcast live via their integrated 5G live TV solution. With state-of-the-art video production and playback technology, the live audience can enjoy a special viewing experience on multimedia real-time streaming applications. ZTE has stated that it will provide 5G-QCell deployment solutions for the future expansion of network capacity and new service functions (such as MEC and LBS (location-based services)), and has delivered approximately 80 000 QCell 5G worldwide products. In May 2019, ZTE signed a strategic cooperation agreement with the Shanxi Provincial Sports Department, the Shanxi Radio and TV Station and the Chinese branch of Shanxi Mobile.
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Global Broadcasting equipment Market Dynamics-
Continued growth in analog to digital changes in broadcasting services, increased audience, adoption of high definition broadcasting technology and increased demand for digital channels are expected to drive future growth of the global broadcasting equipment market. Additionally, the growing demand for broadcast equipment in news, business, sports and other production fields, coupled with the development of favorable government regulations on broadcast services, is expected to fuel growth in the global broadcasting equipment market over the forecasted period.As per IDG, 44% of organizations have already moved to a digital first approach for their customer experience and 56% of CEOs have said that digital improvements have improved the revenue growth.MIT study found that the organizations with digital transformation are 26% more profitable than their counterparts, thus digital transformation is also expected to drive significant growth in global broadcasting equipment market.However, the lack of standardization and inconsistencies in the distribution of broadcasting content and the high cost of broadcasting equipment are expected to restrain the growth of the global broadcasting equipment market during the forecast period. Significant opportunities exist due to increase in the OTT service market apparently which is expected to drive this market.
Asia pacificis expectedto Witness a Fastest Growth inthe Global Broadcasting equipment Market
North Americahas been the market leaderso far and is expected to remain dominant in future in the global Broadcasting equipmentmarket majorly due toheavy investments of government on technology upgradation for broadcasting services. The increase in the number of cable and satellite television channels and the growing popularity of the Internet have offered broadcasters many options for their own creative and political expression. Growing cultural diversity in North America has also resulted in an increase in the number of broadcast channels, which in turn has increased the demand for broadcast equipment in the region.In the United States, according to the BIA’s advisory service database, the advertising revenue of 829 local television stations defined as “news production stations” was $ 15.8 billion, or 82% of total revenues of the local television industry of $ 19.3 billion and in 2018, 144 local TV stations had deals at a cost of $8.8 billion. Asia pacific is expected to witness the fastest growth in the global broadcasting equipment market asit consists of economies such as China, India, Japan, Australia and South Korea, and therefore has great potential for broadcasting equipment. The ever increasing population and their demands for entertainment through various media platforms as well as increasing inclination towards OTT services like Netflix, Prime, Disney,hot star etc. is going to boost the growth in Asia pacific region.
Key Benefitsfor Global Broadcasting equipment Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
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Global Broadcasting equipment Market Segmentation:–
By Product Type:
By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Broadcasting Equipment Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Broadcasting Equipment Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Broadcasting Equipment Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Broadcasting Equipment Market Overview: Quantitative Analysis
4. Chapter – Global Broadcasting Equipment Market Analysis: Segmentation By Type
5. Chapter – Global Broadcasting Equipment Market Analysis: Segmentation By Application
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