Switchers segment is also anticipated to grow at a modest CAGR of 6.2% and is likely to witness satisfactory growth during the forecast period.
The global broadcasting equipment market is segmented into equipment type such as servers, switchers, encoders and cameras. Among these segments, servers segment accounted for around 26% share of global broadcasting equipment market in 2015.
Growing population and increasing number of television users are the factors which are anticipated to drive the growth of this segment in near future.
Global broadcasting equipment market is expected to register a 7.3% CAGR over the forecast period.
Moreover, the global broadcasting equipment market is expected to reach at notable revenue by the end of 2021. The market is expected to expand in near future due to rising demand for ultra-high definition content production & transmission and increasing number of satellite and cable television channel across the globe.
North America accounted for major share of global broadcasting equipment market in 2015. The number of broadcast channels in North America region is increasing due to rising penetration of internet and growing cultural diversity throughout North America, which in turn, likely to fuel the demand for broadcasting equipment in North America region during the forecast period.
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Increasing demand for high definition programming
Increasing adoption of high definition broadcasting technology and growing demand for ultra-high definition (UHD) content production & transmission are expected to drive the growth of global broadcasting equipment market in future. Further, increasing analog to digital alteration in broadcasting service is also expected to escalate the growth of global broadcasting equipment market during the forecast period.
Introduction of UR, AR and 360 video to enhance television viewing experience coupled with growing popularity of ultra HD televisions are envisioned to bolster the growth of global broadcasting equipment market over the forecast period. Further, rising adoption of broadcasting equipment in various places such as sports broadcasting, news production, worship places and others is also impelling the growth of global broadcasting equipment market.
However, lack of standardization and inconsistency in broadcasting content distribution and high investment required for installation of new broadcasting facilities are some of the factors that are likely to inhibit the growth of the broadcasting equipment market in near future.
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The report titled “Broadcasting Equipment Market : Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global broadcasting equipment market in terms of market segmentation by application, by equipment type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global broadcasting equipment market which includes company profiling of Alcatel-Lucent SA, Brightcove Inc., ARRIS Enterprise Inc., Cisco Systems Inc., Harmonic Inc., Ericsson A.B., and Microsoft Corp. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global broadcasting equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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