Broadcast and Media Technology (Solutions and Services) Market Is Expected To Grow Tremendously By 2027

Broadcast and Media Technology (Solutions and Services) Market in Brief

- The global broadcast and media technology (solutions and services) market is expected to register a CAGR of ~ 9.0% between 2019 and 2027. The broadcast and media technology (solutions and services) market is projected to be driven by the growing demand for emerging technologies among broadcast and media companies. Broadcasters and media companies are adopting advanced technology to increase business agility and flexibility. This is expected to boost the broadcast and media technology (solutions and services) market in the near future.
- The global broadcast and media technology (solutions and services) market is expected to reach ~ US$ 12.5 Bn by 2027 from ~ US$ 6.3 Bn in 2019. The new generation of advanced technology continues to drive the demand for broadcast and media solutions from end users, thereby continuously pushing the demand for broadcast and media technology (solutions and services).
- The broadcast and media technology (solutions and services) market in North America is anticipated to expand at a rapid pace during the forecast period, followed by Europe.

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Major Key Players of the Broadcast and Media Technology (Solutions and Services) Market are:
Evertz Technologies Limited, IBM Corporation, Quantum Corporation, ROHDE & SCHWARZ GmbH & Co. KG, Dell Inc. (EMC Corporation), Grass Valley USA, LLC, AVI Systems, Video Stream Networks S.L., WideOrbit Inc., Harmonic Inc.

Broadcast and Media Technology (Solutions and Services) Market Definition

- The broadcast and media technology (solutions and services) market report provides analysis of the global broadcast and media technology (solutions and services) market for the period 2017–2027, wherein, 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 of the broadcast and media technology (solutions and services) market has been included as historical information.
- In the broadcast and media technology (solutions and services) market report, we analyze the challenges that organizations are facing to acquire the right broadcasting solutions that can cope with the rapidly changing digital world, and also how much organizations are ready to adopt these new technology broadcasting solutions in order to meet the requirements of today’s digital world.

Broadcast and Media Technology (Solutions and Services) Market by Component

- Software
- On-Premise
- Cloud Based
- Services
- Consulting
- Support & Maintenance
- Managed Services

Broadcast and Media Technology (Solutions and Services) Market by Solution

- Web Content Management
- Content Storage Solutions
- Editorial & Print Workflow
- Media/Digital Asset Management
- Revenue Management
- Ad & Data Management
- User Management

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Broadcast and Media Technology (Solutions and Services) Market by Hosting Model

- Integrated (Suite)
- Standalone
- Content Creation and Storage
- Content Distribution

Broadcast and Media Technology (Solutions and Services) Market by Service Provider/End User

- Broadcasters
- Terrestrial
- Satellite
- Cable
- Studios & Creators
- Distributers
- OTT
- IPTV

Key Challenges Faced by Broadcast and Media Technology (Solutions and Services) Market Players

- Government bodies of different nations have different content and broadcasting regulations. Most countries have an established permit system or licensing for video streaming. For instance, the advertisement of prescription drugs in real-time events is prohibited in Europe, while it can be advertised in the U.S. This factor is restraining the growth of the broadcast and media technology (solutions and services) market.
- Regulations restricting the spread of some video content to specific geographic regions impact the live video processing solutions market in that particular region, as is restricts the distribution of content around the world and limits the reach of a company.

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