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Primary Catalyst Driving Broadcast And Media Technology Market Evolution in 2025: Rise In Media And Video Streaming Fuels Broadcast And Media Technology Market Driver
Broadcast And Media Technology Market
The broadcast and media technology market is experiencing growth due to increased access and usage of media and video streaming. This involves the delivery of audio or video multimedia data from a streaming provider to the user using protocols such as HTTP, TCP/IP, and HTML. For example, a survey conducted by Nielsen Holdings Inc., a data, information, and market measurement company in the US, in April 2022 reported that there was an 18% double-digit growth in the weekly average time spent by Americans watching videos between February 2021 and February 2022. The total streaming minutes escalated from 143.2 billion to 169.4 billion. In recent years, consumers have subscribed to and paid for more services, which has led to an increase in the consumption of media and video streaming, further driving the expansion of the broadcast and media technology market.
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What is the projected compound annual growth rate (CAGR) of the broadcast and media technology market from 2025 to 2034, and what factors influence it?
In recent times, the market size of broadcast and media technology has witnessed robust growth. The estimation is for it to rise from $55.92 billion in 2024 to a whopping $60.61 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.4%. This growth observed in the historic duration can be related to factors such as immersive media and virtual reality, digital transformation, the internet revolution, on-demand content, and the surge in usage of mobile and portable devices.
The market size for the broadcast and media technology industry is predicted to undergo substantial growth over the next few years, expanding to $99.12 billion by 2029 with a compound annual growth rate (CAGR) of 13.1%. The anticipated growth in this period can be credited to elements such as tools for remote production and collaboration, changes in regulations and standards, hybrid services of broadcast-broadband, solutions based on the cloud, the emergence of AI and machine learning, and advertising and content monetization. The forecast period is expected to see major market trends like the dominance of streaming, interactivity and live content, AI and personalization, remote workflows, and immersive experiences.
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How are the latest trends influencing the growth of the broadcast and media technology market?
The increased efficiency through technology is a vital emerging trend in the broadcast and media technology sector. Companies operating within this market are keen on constructing innovative items that meet industry standards and extend their market influence globally. For example, Quantum Corporation, an American storage and management firm, introduced the Unified Surveillance Platform (USP) in March 2022. The USP is a robust, adaptable, and secure platform for recording and retaining video surveillance data. Besides this, Quantum is also launching a new array of smart network video recording servers (NVRs). For a futuristic, integrated solution for recording and storing security footage, these Smart NVRs fuse Quantum's Unified Surveillance Platform software with a specially designed NVR server. Quantum's USP software merges the computing, storage, and networking capabilities of the server into a sole comprehensive and scalable system, simplifying the video recording setup and reducing overall ownership costs. The Quantum USP is founded on software technologies acquired from EnCloudEn the previous year. Quantum has further refined and augmented this software to meet the exact needs of the video surveillance market.
What are the major segments of the broadcast and media technology market and their role in driving growth?
The broadcast and media technology market covered in this report is segmented -
1) By Solution Type: Web Content Management, Content Storage Solutions, Editorial And Print Workflow, Media OR Digital Asset Management, Revenue Management, Ad And Data Management, User management
2) By Hosting Model Type: Integrated, Standalone
3) By End User Type: Broadcasters, Distributors, OTT, IPTV
Subsegments:
1) By Web Content Management: Content Creation And Editing Tools, Content Delivery And Distribution, Analytics And Reporting Tools
2) By Content Storage Solutions: Cloud Storage, On-Premises Storage, Archiving Solutions
3) By Editorial And Print Workflow: Workflow Management Systems, Collaboration Tools, Proofing And Approval Solutions
4) By Media Or Digital Asset Management: Asset Organization And Cataloging, Metadata Management, Rights And Usage Management
5) By Revenue Management: Pricing And Billing Solutions, Subscription Management, Revenue Analytics
6) By Ad And Data Management: Ad Serving Solutions, Audience Analytics And Insights, Programmatic Advertising Platforms
7) By User Management: User Access And Permissions Management, Authentication And Security Solutions, User Engagement Tools
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Which regions are key players in the growth of the broadcast and media technology market?
North America was the largest region in the broadcast and media technology market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broadcast and media technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the broadcast and media technology market?
Major companies operating in the broadcast and media technology market include 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.
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What Is Covered In The Broadcast And Media Technology Global Market Report?
•Market Size Forecast: Examine the broadcast and media technology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the broadcast and media technology market for a structured understanding.
•Key Players Overview: Analyze major players in the broadcast and media technology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the broadcast and media technology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the broadcast and media technology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the broadcast and media technology market.
•Industry Challenges: Identify potential risks and obstacles affecting the broadcast and media technology market.
•Competitive Landscape: Review strategic developments in the broadcast and media technology market, including expansions, agreements, and new product launches.
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