In a recent published report, Kenneth Research has updated the market report for Broadcast Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Broadcast Equipment Market products.
Kenneth Research, in its repository of market research reports, have recently added a report on Broadcast Equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2025. The Broadcast Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
Kenneth Research has published a detailed report on Broadcast Equipment Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The broadcast equipment market is driven by the surging Prevalence of HD Programming coupled with an emerging transition from analog to digital broadcasting
Global Broadcasting Equipment Market has been growing at a moderate rate over the last five years on account of escalating eminence of broadcast automation, increasing number of digital channels. During 2015-20, Broadcast Equipment Market is anticipated to grow at an increased rate on the heels of content requirement at multi screens, increase in the demand for the broadcast of various musical concerts and sporting events in High definition formats. Moreover, increasing demand for various types of equipments in the broadcast of various sports leagues has been propelling the rental companies to augment the number of kits.
Rental Sports Broadcast Equipment market has been another major revenue generator for the Broadcast Equipment Market. Increasing number of cricket leagues across the globe has been a game changer for the rental market of the broadcast equipment market. Moreover, increasing need for the preciseness in the decision review system is another factor that is propelling the need for the inclusion of Hi-Tech cameras in majority of the sports.
According to Azoth Analytics research report, “Global Broadcast Equipment Market: Trends, Opportunities and Forecasts (2016-2021) – (By Value, By Equipment Type – Servers, Encoders, Switchers, Cameras; Equipment Type By Region; Rental Sports Broadcast Equipment Market; Key Players; Strategy, Recommendations)” global Broadcast Equipment Market is projected to exhibit a CAGR of ~7.00% during 2016 – 2021.
In 2015, Broadcast Servers comprised of around 25.40% share of the overall market owing to is the imperative role being played by the servers in the overall broadcasting process, from the earliest frame stores and audio workstations to the 3D effects rendering farms. Few of the leading companies operating in Global Broadcast Equipment Market are Harmonic, Imagine Communications, Sony Corporation, Belden Inc , etc.
Scope of the Report
“Global Broadcast Equipment Market: Trends, Opportunities and Forecasts (2016-2021) – (By Value, By Equipment Type – Servers, Encoders, Switchers, Cameras; Equipment Type By Region; Rental Sports Broadcast Equipment Market; Key Players; Strategy, Recommendations)” analyses the following aspects of Global Broadcast Equipment Market:
– Global Broadcast Equipment Market, Size & Forecast
– By Equipment Type – Servers, Broadcast, Encoders, Switchers, Cameras
– Analysis of Rental Sports Broadcast Equipment Market
– Rental Sports Broadcast Equipment Market
– Market, Drivers & Challenges and Trends
– Avail limited customization in the report without any extra charges
Historic market trend has been figured out by various paid databases which was further triangulated with inputs and insights from industry experts, companies and stakeholders, through primary research (Marketing managers, Country Heads, Broadcast Equipment Rental Companies, among others). Back-of-the-Envelope calculation for the market estimation has been made through proper understanding of the market as well as future business strategies of the companies operating in the market.
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