The global broadcast switchers market is projected to grow at a considerable CAGR of 8.2% during the forecast period (2023-2029). The growing interest in live breaking news & stories drives the deployment of television production trucks and promotes the demand for portable broadcast switchers across the globe. A broadcast switcher is a hardware device mainly used in the production of high-quality HD videos. The rising number of devices integrated with the digital media along with the high penetration of internet-connected devices is a key factor driving the growth of the global broadcast switchers market. Growing demand for engaging entertainment platforms from the consumer side is propelling the producers to adopt innovative and advanced devices to produce high-quality pictures or movies.
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The global broadcast switchers market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to hold a considerable market share in the global broadcast switchers market. In North America, the US is anticipated to hold a major market share. The high spending level of consumers on entertainment activities is a key factor contributing to the high share of the regional market. According to the BEA, the arts, entertainment, and recreation sector contributed 1.1% of the US economy valued at $227.4 billion in 2018. Additionally, the region has shown wide adoption for online platforms. Netflix is one of the major video streaming service providers in the US which has acquired around 10% of the overall screen time in the US in 2018. The video service providers have added 8.84 million subscribers all across the globe in the last three months of 2018. Out of this, around 1.53 million subscribers were reported from the US. The online platforms in the region are growing considerably with the inclusion of upgraded technologies to improve personalized user experiences. Thus, these factors lead to market growth in the region.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Broadcast Switchers Market Report Segment
By Product Type
- Master Control Switchers
- Production Switchers
- Routing Switchers
By Application
- Sports Broadcasting
- News Production
- Post Production
- Studio Production
Global Broadcast Switchers Market Report Segment
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers-
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global broadcast switchers market. Based on the availability of data, information related to the 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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