The video switcher global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Video Switcher Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The video switcher market size has grown strongly in recent years. It will grow from $3.67 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to the shift from analog to digital broadcasting, growing demand for high-definition content, integration of multicamera setups, global expansion of broadcasting, and evolution of broadcast standards.
The video switcher market size is expected to see strong growth in the next few years. It will grow to $5.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to the rise of live streaming platforms, transition to 4K and beyond, integration of AI and automation, expansion of virtual production, and demand for remote production solutions. Major trends in the forecast period include hybrid production environments, enhanced user experience, sustainability and energy efficiency, remote production and collaboration tools, AI-driven content production.
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Scope Of Video Switcher Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Video Switcher Market Overview
Market Drivers –
The surging demand for digital media devices is expected to propel the growth of the video switcher market going forward. A digital media device is any instrument that records, processes, transmits, or displays digital information. The rise in digital media devices, such as smartphones, tablets, and smart TVs, is driven by increasing consumer demand for on-the-go entertainment and convenient access to digital content. Video switchers are essential components of digital media devices, enabling seamless integration, control, and manipulation of multiple video sources to create compelling and engaging content for audiences across various platforms and formats. For instance, in September 2023, according to a report published by ConsumerAffairs, a US-based consumer news, and advocacy organization, about 97% of Americans owned a feature phone or smartphone in 2022, and future trends predict that the number of American smartphone users will increase to more than 364 million people by 2040. Therefore, the surging demand for digital media devices is driving the growth of video switchers.
Market Trends –
Major companies operating in the video switcher market are focusing on integrating technological advancements with new designs, such as modular design, to gain a competitive edge in the market. Modular design refers to a system or product composed of interchangeable components or modules, allowing flexibility, customization, and easy assembly or disassembly. For instance, in April 2023, Ross Video, a Canada-based broadcasting technology company, launched the Carbonite Ultra 60, a new production switcher that allows media groups to undertake larger, more complex, and more demanding productions. The switcher uses cutting-edge technology that allows simple layering and transitions along with onboard frame syncs, format converters, multiviewers, and more. The Carbonite Ultra 60 offers versatile connectivity options to support various input and output sources, including cameras, graphics generators, playback devices, and more.
The video switcher market covered in this report is segmented –
1) By Product Type: Production Switchers, Computer-based Switchers, Routing Switchers, Virtual Switchers, Hybrid Switchers, Other Product Types
2) By Technology: Analog Video Switcher, Digital Video Switchers
3) By Application: Live Event, Studio Production, Digital Signage
4) By End-Users : Sports Broadcasting, Studio Production, News Production, Post Production, Other End-Users
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Regional Insights –
North America was the largest region in the video switcher market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the video switcher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the video switcher market report are <b>Roland Corporation; Sony Corporation; Panasonic Corporation; Belden Inc.; Crestron Electronics Inc.; Barco NV; Extron Electronics; Asystems; Ross Video; Evertz Microsystems Limited; Blackmagic Design Pty Ltd; Grass Valley Group; Miranda Technologies; Imagine Communications; Matrox; Kramer Electronics; Ikegami Tsushinki Co. Ltd.; NewTek Inc.; AJA Video Systems Inc.; Atomos Limited; TVU Networks Corporation; PESA; Datavideo Corporation; Lightware Visual Engineering; Systembase Limited </b>
Table of Contents
1. Executive Summary
2. Video Switcher Market Report Structure
3. Video Switcher Market Trends And Strategies
4. Video Switcher Market – Macro Economic Scenario
5. Video Switcher Market Size And Growth
…..
27. Video Switcher Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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