Press release
Broadcast And Media Technology Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Broadcast And Media Technology
What Is the Expected Broadcast And Media Technology Market Size During the Forecast Period?
The market size of broadcast and media technology has seen a substantial growth recently and is predicted to enhance from $55.92 billion in 2024 to $60.61 billion in 2025, sustaining a compound annual growth rate (CAGR) of 8.4%. The exponential growth during the previous era is credited to the emergence of immersive media and virtual reality, the digital transformation wave, the internet revolution, the surge in demand for content-on-demand, and the advent of mobile and portable devices.
The market size for broadcasting and media technology is expected to experience accelerated growth in the upcoming years, escalating to a worth of $99.12 billion by 2029, at a compound annual growth rate (CAGR) of 13.1%. The projected increases during this period can be credited to an array of factors such as the implementation of remote production and collaboration tools, changes in regulations and standards, the introduction of hybrid broadcast-broadband services, the use of cloud-based solutions, the rise of artificial intelligence and machine learning, along with content monetization and advertising. Key trends expected to shape the market during the forecast period include the dominance of streaming, increased focus on live content and interactivity, personalization through AI, immersive experiences, and remote workflows.
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What Are the High-Growth Segments in the Broadcast And Media Technology Market?
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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What Key Drivers Are Expected to Influence Future Broadcast And Media Technology Market Growth?
The burgeoning access to media and video streaming services is playing a pivotal role in amplifying the expansion of the broadcast and media technology market. The distribution of multimedia elements like video or audio from a streaming service provider to a final consumer is defined as streaming media. The mechanisms used for the transmission of streaming media encompass HTTP, TCP/IP, and HTML protocols. An illustrative example of this could be drawn from a survey in April 2022, presented by Nielsen Holdings Inc., a firm based in the US known for market measurements, data, and information. The study disclosed a robust growth of 18% in the average weekly time Americans spent for video viewing between February 2021 and February 2022. The overall streamed minutes escalated from 143.2 billion to 169.4 billion. In recent years, a significant rise in the number of subscribed and paid services by the viewers is observed. Such a trend of elevated consumption in media and video streaming is likely to enhance the growth trajectory of the broadcast and media technology market.
Which Companies Hold the Largest Share Across Different Broadcast And Media Technology Market Segments?
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.
What Trends Are Driving Growth in The Broadcast And Media Technology Market?
The surge of technological innovation is an emerging trend within the broadcast and media technology market. Firms within this sector are aiming to create novel products to answer industry needs and broaden their global market visibility. For example, Quantum Corporation, a data storage and management company based in the US, released the Unified Surveillance Platform (USP) in March 2022. This robust, adaptable, and secure software platform is designed for storing and recording video surveillance data. Alongside this, Quantum is introducing a new series of intelligent network video recording servers (NVRs). By integrating Quantum's Unified Surveillance Platform software with a dedicated NVR server, the Smart NVRs become a cutting-edge, integrated solution for capturing and recording security video. The Quantum USP system converges the server's processing, storage, and network functionalities into a single cohesive and scalable unit, streamlining the infrastructure of video recording and reducing overall costs. Quantum's USP was developed from software technologies it acquired from EnCloudEn the previous year. Quantum has further refined and extended the software to meet the specific demands of the video surveillance market.
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What Are the Emerging Geographies for The Broadcast And Media Technology Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Broadcast And Media Technology Market?
2. What is the CAGR expected in the Broadcast And Media Technology Market?
3. What Are the Key Innovations Transforming the Broadcast And Media Technology Industry?
4. Which Region Is Leading the Broadcast And Media Technology Market?
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