Reportlinker.com announces the release of the report “Broadcast Equipment Market with COVID-19 Impact Analysis by Technology, Product Type, Application and Geography – Global Forecast to 2027” .
The digital broadcasting segment expected to grow with a higher CAGR during the forecast period
The digital broadcasting segment accounted for the larger share of the broadcast equipment market in 2021.The segment is also expected to grow at a higher CAGR during the forecast period.
Many sports associations and television broadcasters are taking initiatives to broadcast various sports activities such as rock climbing, cricket, football tennis, among others, on linear TVs across the world.These players are extensively adopting inorganic growth strategies to sustain their business position and strengthen customer base.
These factors are expected to accelerate the growth of digital broadcasting technology in the near future.
The video servers segment is expected to record the highest CAGR of broadcast equipment market during the forecast period
The video servers segment is expected to record the highest CAGR of 7.2% during the forecast period. Rising number of OTT streaming platforms, rise in digitization, and various technological advancements, including superior video codec, web-based real-time communication, captioning, indexing, and transcoding and aggregation, are some of the factors expected to create lucrative opportunities for the growth of video servers in the near future.
The television segment held a larger share of the broadcast equipment market, and this trend is expected to continue during the forecast period.
The television application segment accounted for the larger share of the broadcast equipment market in 2021 and is expected to grow at a higher rate and dominate the market during the forecast period.The increasing direct-to-consumer (D2C) offerings through over the top (OTT) services, such as YouTube, Netflix, and Amazon Prime, include a lot of content that are viewed worldwide.
The growing demand for such broadcasting services, along with the existing terrestrial broadcasting and the increasing satellite broadcasting, has led to the rise in the demand for television broadcasting.
Based on region, North America held the largest share of the broadcast equipment market in 2021
The North America region accounted for the largest share of the broadcast equipment market in 2021. The increasing number of satellite and cable television channels and rapidly growing base of internet users has prompted broadcasters in the region to offer high-quality content to viewers.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing managers, and other executives from various key organizations operating in the broadcast equipment marketplace.
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C-level Executives – 35%, Managers – 30%, and Others – 35%
• By Region: North America – 27%, Europe – 40%, and APAC – 33%
Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), CommScope (US), Evertz Microsystems, Ltd (Canada), Harmonic Inc. (US), EVS Broadcast Equipment (Belgium), Grass Valley (Black Dragon Capital) (Canada), Wellav Technologies Ltd (China), Eletec Broadcast Telecom S.A.R.L (France), Clyde Broadcast (UK) are some of the key players in the broadcast equipment market.
The study includes an in-depth competitive analysis of these key players in the broadcast equipment market, with their company profiles, recent developments, and key market strategies. Globe Newswire