The global broadcast equipment market is projected to grow at a significant CAGR during the forecast period The key factors that drive the growth of the market include the rising number of devices integrated with the digital media as well as increased internet penetration. This has leveraged the customers with an option to access media content individually in terms of entertainment, social activity, and information at any time and anywhere. Further, an increase in the demand for the ultra-high definition content production and its effective transmission drives the growth of the market. The radical shift towards the software-oriented systems from hardware and open architecture-based systems also supports market growth.
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Moreover, rising demands for direct to consumer (D2C) offerings via multi-channel networks and over the counter services in both developing as well as developed economies are likely to improve the global broadcast equipment market during the forecast period. Additionally, online media content has also increased from the past decade. In addition, as per the Cisco VNI report 2017, 80% of internet traffic is generated from the video-streaming segment. Thus, rising mobile devices is making it easier for consumers to access music and video content on the go, and thus, it creates a wide scope for market growth during the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Broadcast Equipment Market – Segmentation by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global broadcast equipment market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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