Broadcast and media technology market, 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s “Broadcast And Media Technology Global Market Report 2023” is a comprehensive source of information that covers every facet of the broadcast and media technology market. As per TBRC’s broadcast and media technology market forecast, the broadcast and media technology market size is expected to grow to $79.86 billion in 2027 at a CAGR of 10.6%.
A rise in access to media and video streaming is contributing to the growth of the broadcast and media technology market. North America is expected to hold the largest broadcast and media technology market share. Major players in the broadcast and media technology market include 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.
Trending broadcast and media technology market trend
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. EIN News