Press release
Revolutionizing Media: Global Trends in Broadcast and Technology for 2024
Broadcast And Media Technology Market Segments
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7207&type=smp
According to The Business Research Company's, The broadcast and media technology market size has grown strongly in recent years. It will grow from $52.21 billion in 2023 to $57.21 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to immersive media and virtual reality, digital transformation, internet revolution, content on-demand, mobile and portable devices..
The broadcast and media technology market size is expected to see rapid growth in the next few years. It will grow to $86.62 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to remote production and collaboration tools, regulatory changes and standards, hybrid broadcast-broadband services, cloud-based solutions, rise of ai and machine learning,content monetization and advertising.. Major trends in the forecast period include streaming dominance, live content and interactivity, personalization and ai,immersive experiences, remote workflows..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/broadcast-and-media-technology-global-market-report
Market Drivers and Trends:
A rise in access to media and video streaming is contributing to the growth of the broadcast and media technology market. Streaming media is the process of delivering multimedia data (such as video or audio) from a streaming service provider to an end-user. Streaming media uses HTTP, TCP/IP, and HTML protocols to deliver audio and video elements. For instance, in April 2022, according to a survey by the State of Play report by Nielsen Holdings Inc., a US-based data, information, and market measurement firm, between February 2021 and February 2022, there was a double-digit growth of 18% in Americans' average weekly time viewing a video. The total amount of streamed minutes increased from 143.2 billion to 169.4 billion. Over the last few years, viewers have increased the number of services they subscribe to and pay for. Such an increase in consumption of media and video streaming will propel the broadcast and media technology market growth.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Evertz Microsystems Limited, International Business Machines Corporation, Quantum Corporation, Rohde & Schwarz GmbH & Co. KG, Dell Technologies Inc., Amagi Media Labs Private Limited, Zoomph Inc., PHYTunes Inc., Focal Point VR Ltd, Arqiva Limited, Vislink Technologies Inc., C360 Technologies Inc., Brompton Technology Limited, Grass Valley USA LLC, AVI Systems Inc., Video Stream Networks S. L., WideOrbit Inc., Harmonic Inc., Eletec Broadcast Telecom S. A. R. L., Clyde Broadcast Technology Limited, Sencore Inc., EVS Broadcast Equipment SA, ACORDE Technologies S. A., Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, CommScope Holding Company Inc., Avid Technology Inc., Blackmagic Design Pty. Ltd., Chyron Corporation, Dalet Digital Media Systems S. A., Dolby Laboratories Inc., Imagine Communications Corp., Ross Video Limited, Snell Advanced Media Limited, Sony Corporation, Vizrt Group AS, Xilinx Inc.
Broadcast And Media Technology Market 2024 Key Insights:
• The broadcast and media technology market size is expected to see rapid growth in the next few years. It will grow to $86.62 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
• Rise In Media And Video Streaming Fuels Broadcast And Media Technology Market
• Growing Embrace Of Technological Advancements In The Broadcast And Media Technology Market
• North America was the largest region in the broadcast and media technology market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7207&type=smp
"
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Revolutionizing Media: Global Trends in Broadcast and Technology for 2024 here
News-ID: 3742480 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Media
Australia Media List, Canada Media List, UAE Media List & India Media List Launc …
Image: https://www.globalnewslines.com/uploads/2025/08/443de85e63aebde2f884eeb60ed1bdf0.jpg
Media List, a leading provider of high-quality media contact solutions, is thrilled to announce the launch of its latest offerings: specialized media lists for Australia, Canada, the United Arab Emirates (UAE), and India. These new additions to the Media List portfolio are designed to empower businesses, public relations professionals, and marketers with access to accurate and up-to-date media contact lists tailored to these dynamic global markets. By expanding its…
Media List Launches Australia Media List, Canada Media List, UAE Media List & In …
Media List, a leading provider of high-quality media contact solutions, is thrilled to announce the launch of its latest offerings: specialized media lists for Australia, Canada, the United Arab Emirates (UAE), and India. These new additions to the Media List portfolio are designed to empower businesses, public relations professionals, and marketers with access to accurate and up-to-date media contact lists tailored to these dynamic global markets. By expanding its services…
Media List Launches Entertainment Media List, Finance Media List, Manufacturing …
Media List, a leading provider of high-quality media contact lists, is excited to announce the launch of four new specialized media lists designed to connect businesses, marketers, and PR professionals with key media contacts in the entertainment, finance, manufacturing, and technology sectors. These meticulously curated media lists offer unparalleled access to journalists, editors, and influencers, enabling users to amplify their outreach efforts with precision and efficiency. These new offerings mark…
Digital Out-of-home Advertising Market Potential by 2031 Focus Media, Lamar Adve …
"[New York, December 2024] Digital Out-of-home (DOOH) Advertising is revolutionizing the way brands connect with consumers in public spaces. This innovative form of advertising extends conventional out-of-home methods by integrating digital technology, enabling dynamic content delivery tailored to real-time audience engagement. DOOH encompasses digital billboards, transit displays, interactive kiosks, and more, providing advertisers with the opportunity to reach consumers in high-traffic locations. Its significance lies in its ability to capture…
Social Media Management Market, Social Media Management Market Size, Social Medi …
The Social Media Management Market is growing rapidly as businesses increasingly rely on social platforms to engage with customers, build brand awareness, and drive digital marketing strategies. Social media management solutions help organizations streamline content creation, scheduling, analytics, and audience engagement across multiple platforms, enabling more efficient and effective campaigns. With the rise of data-driven marketing, these tools also provide valuable insights into user behavior, trends, and campaign performance. As…
Transit Advertising Market Size in 2023 To 2029 | Mega-Info Media Co.,Ltd., Yong …
The research report on Transit Advertising is a reliable and authoritative resource for executives, analysts, and managers. It offers an unbiased third-party perspective on market scenarios, bridging the gap between businesses and end customers. The report aims to provide comprehensive insights into manufacturers, including their benefits, limitations, trends, and market growth rates. It incorporates a SWOT analysis, evaluating the feasibility of investments and potential returns in the Transit Advertising market.…
