The Business Research Company’s report on the Broadcast And Media Technology Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the broadcast and media technology industry?
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 the 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. Such an increase in consumption of media and video streaming will propel the broadcast and media technology market growth.
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What is the estimated market size of the broadcast and media technology sector by 2029, based on current forecasts?
The broadcast and media technology market size has grown strongly in recent years. It will grow from $55.92 billion in 2024 to $60.61 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to immersive media and virtual reality, digital transformation, internet revolution, content on-demand, mobile and portable devices.
The broadcast and media technology market size is expected to see rapid growth in the next few years. It will grow to $99.12 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to remote production and collaboration tools, regulatory changes and standards, hybrid broadcast-broadband services, cloud-based solutions, rise of ai and machine learning, content monetization and advertising. Major trends in the forecast period include streaming dominance, live content and interactivity, personalization and ai, immersive experiences, remote workflows.
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#Who are the top players in the broadcast and media technology market?
Major companies operating in the broadcast and media technology market include Evertz Microsystems Limited, International Business Machines Corporation, Quantum Corporation, Rohde & Schwarz GmbH & Co. KG, Dell Technologies Inc., Amagi Media Labs Private Limited, Zoomph Inc., PHYTunes Inc., Focal Point VR Ltd, Arqiva Limited, Vislink Technologies Inc., C360 Technologies Inc., Brompton Technology Limited, Grass Valley USA LLC, AVI Systems Inc., Video Stream Networks S. L., WideOrbit Inc., Harmonic Inc., Eletec Broadcast Telecom S. A. R. L., Clyde Broadcast Technology Limited, Sencore Inc., EVS Broadcast Equipment SA, ACORDE Technologies S. A., Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, CommScope Holding Company Inc., Avid Technology Inc., Blackmagic Design Pty. Ltd., Chyron Corporation, Dalet Digital Media Systems S. A., Dolby Laboratories Inc., Imagine Communications Corp., Ross Video Limited, Snell Advanced Media Limited, Sony Corporation, Vizrt Group AS, Xilinx Inc.
#What are the major trends in the broadcast and media technology market?
Technological advancement is a key trend gaining popularity in the broadcast and technology market. The companies operating in the broadcast and media technology market are focusing on developing innovative products to meet industry demands and expand their market reach across the globe. For instance, in March 2022, Quantum Corporation, a US-based data storage, and management company, launched the Unified Surveillance Platform (USP), a durable, versatile, and secure software platform for recording and storing video surveillance data. Quantum is also offering a new range of smart network video recording servers in addition to this software platform (NVRs). To provide a next-generation, integrated appliance for capturing and recording security video, the Smart NVRs combine the Quantum Unified Surveillance Platform software with a purpose-built NVR server. The Quantum USP software consolidates the server’s computing, storage, and networking capabilities into a single unified and scalable system, simplifying video recording infrastructure and lowering the total cost of ownership. Quantum’s USP is built on software technologies that it bought from EnCloudEn last year. Quantum has further improved and enhanced the software to satisfy the specific requirements of the video surveillance market.
Which geography holds the highest broadcast and media technology market share?
North America was the largest region in the broadcast and media technology market in 2024.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, Africa
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How do different segments contribute to the overall expansion of the broadcast and media technology market?
The broadcast and media technology market covered in this report is segmented –
1) By Solution Type: Web Content Management, Content Storage Solutions, Editorial And Print Workflow, Media OR Digital Asset Management, Revenue Management, Ad And Data Management, User management
2) By Hosting Model Type: Integrated, Standalone
3) By End User Type: Broadcasters, Distributors, OTT, IPTV
Subsegments:
1) By Web Content Management: Content Creation And Editing Tools, Content Delivery And Distribution, Analytics And Reporting Tools
2) By Content Storage Solutions: Cloud Storage, On-Premises Storage, Archiving Solutions
3) By Editorial And Print Workflow: Workflow Management Systems, Collaboration Tools, Proofing And Approval Solutions
4) By Media Or Digital Asset Management: Asset Organization And Cataloging, Metadata Management, Rights And Usage Management
5) By Revenue Management: Pricing And Billing Solutions, Subscription Management, Revenue Analytics
6) By Ad And Data Management: Ad Serving Solutions, Audience Analytics And Insights, Programmatic Advertising Platforms
7) By User Management: User Access And Permissions Management, Authentication And Security Solutions, User Engagement Tools
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What defines the structure and scope of the broadcast and media technology market?
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 examples of broadcast and media technology.
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