The key players in the broadcast and media technology market are Evertz Technologies Limited, IBM Corporation, Quantum Corporation, ROHDE & SCHWARZ GmbH & Co. KG, Dell Corporation (EMC Corporation), Grass Valley, AVI Systems, Video Stream Networks S.
NEW YORK, Oct. 4, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of its report, Broadcast and Media Technology Global Market Report 2022 – https://www.reportlinker.com/p06325430/?utm_source=GNW
L., WideOrbit Inc., Harmonic Inc., Eletec Broadcast Telecom SARL, Clyde Broadcast, Sencore, EVS Broadcast Equipment and ACORDE Technologies SA
The global broadcasting and media market is expected to grow from $43.69 billion in 2021 to $48.47 billion in 2022, at a compound annual growth rate (CAGR) of 10.9%. The broadcasting and media market is expected to reach USD 72.09 billion in 2026, growing at a CAGR of 10.4%.
The broadcast and media technology market includes the sale of broadcast and media technology by entities (organizations, self-employed, and partners) that refer to various communication systems that require the use of electronic and electromagnetic methods to transmit data over long distances. Broadcast TV broadcasting technology, satellite broadcasting technology, digital cable and satellite TV technology, digital terrestrial TV and satellite TV technology are examples of broadcasting and media technology.
Solutions in broadcast and media technology include web content management, content storage solutions, editorial and print workflows, media/digital asset management, revenue management, advertising and data management, and user management. Content that allows multiple contributors to create, edit, and publish.
Hosting models in broadcast and media technology include integrated and standalone. End users of broadcast and media technologies include broadcasters, distributors, OTT and IPTV.
North America is the largest region for the broadcast and media technology market in 2021. The regions covered in the Broadcast and Media Technology Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Broadcast and Media Technology Market Research Report is one of a new series of reports that provides statistics on the Broadcast and Media Technology market, including the Broadcast and Media Technology industry global market size, regional share, competitors with Broadcast and Media Technology market share, detailed broadcast and Media technology segments, market trends and opportunities, and any further data you may need to thrive in the broadcast and media technology industry. This Broadcasting and Media Technology Market research report provides a complete perspective of everything you need and provides an in-depth analysis of the current and future scenarios of the industry.
Increasing access to media and video streaming has contributed to the growth of the broadcast and media technology market. Streaming is the process of delivering multimedia data, such as video or audio, from a streaming service provider to end users.
Streaming media uses HTTP, TCP/IP, and HTML protocols to deliver audio and video elements. For example, in April 2022, there was a double-digit increase between February 2021 and February 2022, according to the State of Play report survey by Nielsen Holdings Inc., a U.S. data, information and market measurement firm. 18% of the average video time watched. Total streaming hours increased from 143.2 billion to 169.4 billion. Over the past few years, viewers have increased the number of services they subscribe to and pay for. The survey shows that 58% of video subscribers pay for three or more streaming services, up from 32% in 2019. Growth in media and video streaming consumption will drive the growth of the broadcast and media technology market.
Technological advancement is a key trend that is gaining popularity in the broadcast and media technology market, and companies operating in the broadcast and media technology market are working to develop innovative products to meet industry needs and expand their market reach globally.
For example, in March 2022, US-based data storage and management company Quantum Corporation launched the Unified Surveillance Platform (USP), a durable, versatile and secure software platform for recording and storing video surveillance data. In addition to the software platform (NVR), there is a new series of intelligent network video recording servers.
To provide a next-generation integrated device for capturing and recording security video, Smart NVR combines Quantum Unified Surveillance Platform software with a dedicated NVR server. Quantum USP software consolidates server compute, storage and networking functions into a single unified and scalable system, simplifying video recording infrastructure and reducing total cost of ownership.
Quantum’s USP is built on software technology purchased from EnCloudEn last year. Quantum has further improved and enhanced the software to meet the specific requirements of the video surveillance market.
In September 2021, Valsoft Corporation Inc., a Montreal-based company that provides end-to-end software solutions to the broadcast industry, acquired VSN Innovation and Media Solutions for an undisclosed sum. The deal will help Valsoft place Aspire Software, one of the company’s operating groups, into a new vertical to strengthen the company’s expansion in Spain. VSN Video Stream Networks SL is a Japan-based media and broadcast solutions industry leader whose products manage the entire media lifecycle, from ingest to broadcast and archive, in a unified and seamless manner.
The countries covered in the Broadcast and Media Technology Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, and United States.
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