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Rise In Media And Video Streaming Fuels Broadcast And Media Technology Market: A Key Catalyst Accelerating Broadcast And Media Technology Market Growth in 2025
Broadcast And Media Technology Market
Broadcast And Media Technology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for broadcast and media technology has experienced substantial growth lately. Its size is predicted to increase from $55.92 billion in 2024 to $60.61 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. Factors such as immersive media and virtual reality, digital transformation, internet revolution, demand for content, mobile and portable devices have contributed to the growth during the historical period.
Broadcast And Media Technology Market Size Forecast: What's the Projected Valuation by 2029?
The size of the broadcast and media technology market is predicted to experience substantial growth in the coming years, expanding to $99.12 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%. This predicted growth during the forecast period is due to various factors such as the adoption of remote production and collaboration tools, changes in regulations and standards, the integration of hybrid broadcast-broadband services, the implementation of cloud-based solutions, the rise of AI and machine learning, as well as content monetization and advertising. Key trends expected to be seen during the forecast period include the predominance of streaming, the role of live content and interactivity, personalization integrated with AI, immersive experiences, and remote workflows.
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What Are the Drivers Transforming the Broadcast And Media Technology Market?
The surge in media and video streaming accessibility is a significant factor driving the expansion of the broadcast and media technology market. The method of transmitting multimedia information, like video or audio, from a service provider to the end consumer is known as streaming media. The delivery of audio and video components is facilitated by HTTP, TCP/IP, and HTML protocols. For instance, a survey by Nielsen Holdings Inc., a US-based data, measurement, and market research firm, in April 2022 showed an 18% double-digit growth in the average weekly video viewing time of Americans between February 2021 and February 2022. The total streaming minutes rose from 143.2 billion to 169.4 billion. Over the past few years, consumers have been subscribing to and paying for more services. This significant increase in media and video streaming consumption is set to boost the growth of the broadcast and media technology market.
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What Long-Term Trends Will Define the Future of the Broadcast And Media Technology Market?
Advancements in technology are becoming increasingly popular trends in the broadcast and media technology industry. Companies in this sector are concentrating on creating innovative products to meet the industry's needs and broaden their global market presence. For example, Quantum Corporation, an American data storage and management firm, introduced the Unified Surveillance Platform (USP), a robust, adaptable, and secure software platform for recording and storing video surveillance data, in March 2022. Quantum has also unveiled a new series of intelligent network video recording servers (NVRs) alongside this software platform. By integrating Quantum Unified Surveillance Platform software with a dedicated NVR server, these Smart NVRs provide an advanced, integrated solution for capturing and recording security footage. By consolidating the server's computation, storage, and networking capabilities into a scalable and cohesive system, the Quantum USP software simplifies video recording infrastructure and reduces the overall ownership cost. Quantum's USP was developed from software technologies acquired from EnCloudEn last year, which has been further developed and refined by Quantum to meet the specific demands of the video surveillance market.
Which Segments in the Broadcast And Media Technology Market Offer the Most Profit Potential?
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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Which Firms Dominate the Broadcast And Media Technology Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Broadcast And Media Technology Market?
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
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