Press release
Global Transport Stream Switching Market: Leading Players Keen on Incorporating Advanced Techniques to Offer Seamless Stream Processing
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By the end of 2025, the global transport stream switching market is forecast to reach US$1699.04 mn. According to TMR, the global transport stream switching market will exhibit a CAGR of 9.2% between 2017 and 2025. By end use, the broadcasters and operators segment held lead in 2016. Besides this, the market is also expected to witness lucrative prospects in healthcare and BFSI segments. By the end of 2025, the healthcare and BFSI segments are likely to hold 36.9% of the global market. Regionally, North America held dominance in the global transport stream switching market. During the course of the forecast period, the transport stream switching market in Asia Pacific is also likely to witness strong growth trends.
Rising Demand for Live Streaming Videos to Aid Market’s Expansion
As the adoption of live streaming videos and the demand for on-demand services escalate, the global transport stream switching is likely to grow stronger in response. Prospects are expected to remain exceptionally lucrative for the market in the Middle East and Africa and Asia Pacific. Today, the world is gradually shifting away from tradition methods of promotion to digital advertisement, considering its robust technology and the ability to reach a wider and more scattered audience. This will significant impetus to the global transport stream switching market. The market is also expected to considerably benefit from the rising uptake of optimized video codecs at reduced bitrates and improved quality for broadcasting.
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Market to Benefit Significantly as Businesses Roll out Digital Marketing Campaigns
Besides these, there are several other factors contributing to the market’s expansion. For the instance, the demand for transport stream switching has spiked considerably in response to the roll out digital marketing campaigns by businesses for reaching a more widespread audience through online platforms. The adoption of cloud based services, digital platforms, and the rising demand for media connectivity on the go through live video streaming, smartphones, or notebooks have enabled the market gain momentum as well. These are also the key factors impelling businesses to shift from traditional approaches to more novel digital advertisement platforms, in turn contributing toward the growth of the global transport stream switching market. With the increasing availability of media contents such as videos on social media platforms and the demand for video conferences via live streaming across organizations, the global transport stream switching market is likely to exhibit impressive CAGR in the coming years.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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