New York, Oct. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Broadcast And Media Technology Global Market Report 2022” – https://www.reportlinker.com/p06325430/?utm_source=GNW
L., WideOrbit Inc., Harmonic Inc., Eletec Broadcast Telecom SARL, Clyde Broadcast, Sencore, EVS Broadcast Equipment and ACORDE Technologies SA
The global broadcast and media market is expected to grow from $43.69 billion in 2021 to $48.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The broadcast and media market is expected to reach $72.09 billion in 2026 with a CAGR of 10.4%.
The broadcast and media technology market includes sales of broadcast and media technology by entities (organizations, independent traders, and partnerships) that refer to a variety of communication systems that involve the transfer of data over long distances using electronic and electromagnetic approaches. Broadcast and television technology, satellite broadcast technology, digital cable and satellite television technology, digital terrestrial television, and satellite television technologies are examples of broadcast and media technology.
The various broadcast and media technology solutions include web content management, content storage solutions, editorial and print workflow, media/digital asset management, revenue management, advertising and data management and user management. Web content management is software used to manage content allowing multiple contributors to create, edit and publish.
Hosting models in broadcast and media technology include integrated and standalone. End users of broadcast and media technology include broadcasters, distributors, OTT and IPTV.
North America was the largest region in the Broadcast and Media Technology market in 2021. Regions covered in the Broadcast and Media Technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The Broadcast and Media Technology Market research report is part of a series of new reports that provide statistics on the Broadcast and Media Technology market, including the global market size of Broadcast and Media Technology industry, regional shares, competitors with Broadcast and Media Technology market share, detailed Broadcast and Media Technology market segments, trends and market opportunities, and any other data you may need to thrive in the broadcast and media technology industry. This Broadcast and Media Technology Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
An increase in access to media and video streaming is contributing to the growth of the broadcast and media technologies market. Media streaming is the process of transmitting media data (such as video or audio) from a streaming service provider to an end user.
Media streaming uses HTTP, TCP/IP, and HTML protocols to deliver audio and video. For example, in April 2022, according to a State of Play report survey by Nielsen Holdings Inc., an American market data, information and measurement company, between February 2021 and February 2022 there was growth at double figures of 18% of the average weekly time spent by Americans watching a video. Total minutes streamed increased from 143.2 billion to 169.4 billion. Over the past few years, viewers have increased the number of services they subscribe to and pay for. According to the survey, 58% of people who pay for video subscriptions do so for three or more streaming services, up from 32% in 2019. Such an increase in media and video streaming consumption will propel the growth of the video streaming market. broadcast and media technology. .
Technological advancement is a key trend gaining popularity in the broadcast and technology market. Companies operating in the broadcast and media technology market are focused on developing innovative products to meet industry demands and expand their market reach across the globe.
For example, in March 2022, Quantum Corporation, an American data storage and management company, launched the Unified Surveillance Platform (USP), a durable, versatile and secure software platform for recording and CCTV data storage. Quantum also offers a new range of intelligent network video recording servers to complement this software platform (NVR).
To provide a next-generation integrated device for capturing and recording security video, Smart NVRs combine Quantum Unified Surveillance Platform software with a purpose-built NVR server. Quantum USP software consolidates server compute, storage, and networking capabilities into a single, unified, scalable system, simplifying video recording infrastructure and lowering total cost of ownership.
Quantum’s USP is based on software technologies purchased from EnCloudEn last year. Quantum has further improved and enhanced the software to meet the specific requirements of the CCTV market.
In September 2021, Valsoft Corporation Inc., a Montreal-based company that provides end-to-end software solutions for the broadcast industry, acquired VSN Innovation and Media Solutions for an undisclosed amount. This deal will help Valsoft place Aspire Software (an operating group of the company) into a new vertical to bolster the company’s expansion in Spain. VSN Video Stream Networks SL is a Japanese media and broadcast solutions industry leader and its products manage the entire media lifecycle in a unified and transparent way, from acquisition to broadcast and archiving.
The countries covered in the Broadcast and Media Technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06325430/?utm_source=GNW
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