B’cast gadgets mkt. expected to touch $10,718 mn by ’29
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1 year ago 06:00:01am Television

B’cast gadgets mkt. expected to touch $10,718 mn by ’29

New Delhi, 23-January-2023, By IBW Team

B’cast gadgets mkt. expected to touch $10,718 mn by ’29

A recent study report released by Data Bridge Market research titled “Broadcast Equipment Market” (covering USA, Europe, China, Japan, India, South East Asia, etc.) highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support.

Broadcast equipment market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.2 percent in the forecast period and is expected to reach USD 10,718.62 million by 2029.

The U.S. accounted for maximum share in the broadcast equipment market as it is the highest exporting country. China is expected to dominate the market due to the growing availability of a wide variety of OTT content. Germany has witnessed high growth in the broadcast equipment market due to the large number of adoption of broadcast equipment in the region.

A radio or television broadcast is a set of programs transmitted over a medium. Generally, it is an air medium for public reception that anyone can receive with a receiver tuned to the right channel. Broadcast equipment is generally hardware that enables the broadcaster to transmit the programme such as radio shows, movies, films, plays, concerts, and others.

The major factors driving the growth of the broadcast equipment market are surging preference for UHD transmission and content production and increasing application of broadcast equipment for a wide range of applications such as radio and television and others, the report stated.

Advent of 5G wireless networks and ATSC 3.0 technologies is creating opportunities for the growth of the market. Increase in cases related to cyber-attacks is acting as the major restraint for the broadcast equipment market. Limited availability of UHD or 4K streaming is acting as a major challenge for the growth of the market.

Competitive Landscape: The research promotes high-end commercialization and profit-steering opportunities, and it takes market dimensions and volatility into account.

This section of the report also focuses on accurately decoding the competitive landscape with astute high-end identification of frontline players, complete with an in-depth analytical study of their business choices and investment discretion, to ensure thoroughly impeccable investor participation and noteworthy growth prospects.

Core Objective of Broadcast Equipment Market: Every firm in the broadcast equipment market has objectives but this market research report focuses on the crucial objectives, so one can analyse the competition, future market, new products, and informative data that can raise your sales volume exponentially.

According to a media statement from the research-company, based on technology, the global broadcast equipment market is segmented into analog broadcast, digital broadcast.

Markets Covered: The countries covered in the report include the U.S., Canada, Mexico in North America,  UK, Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Rest of South America in South America.

(Broadcast equipment image courtesy OpenPR)

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