The global broadcast equipment market was US$ 4.6 billion in 2021. The global broadcast equipment market is forecast to grow to US$ 7.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol743
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing the Market
The rising use of smart electronic devices, combined with the increasing employment rate, will contribute to the growth of the global broadcast equipment market. In addition, rising demand for 3D and HD content will offer ample growth opportunities for the global broadcast equipment market.
Growing penetration of the internet and rising interest in web series, movies, and cartoons will upsurge the demand for portable broadcast equipment during the forecast period. Furthermore, the growing range of OTT services will drive the broadcast equipment market forward.
Growing consumer spending on broadcast equipment technology and varying content to attract a wider audience will ultimately benefit the global broadcast equipment market. Furthermore, growing purchasing power will also benefit the global broadcast equipment market.
COVID-19 Impact Analysis
The wake of the pandemic forced enterprises to adopt more efficient and contact-free ways of operation. As a result, the demand for cloud infrastructure raised abruptly. Cloud infrastructure enables users to continue with the remote workflows. Thus, it has been beneficial for the global broadcast equipment market.
Prominent tools for video conferences and live meetings, such as Zoom, have witnessed a sudden increase in user-base. For instance, Microsoft registered an outstanding increase of 500% in Microsoft Teams meetings in China after the wake of the pandemic. Thus, the pandemic has been beneficial for the broadcast equipment market.
Recognizing the potential scope of the technology, suppliers also began promoting their next-generation software solutions more actively in order to gain significant traction. As a result, the market for broadcast equipment grew substantially.
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol743
Regional Analysis
The Asia-Pacific broadcast equipment market is forecast to emerge as the largest broadcast equipment market, owing to the presence of densely populated countries such as China and India. The demand for advanced technology is also observed to increase in the region. In addition, the growing penetration of remote working culture among large enterprises will drive the broadcast equipment market forward. Various local vendors are also unveiling new solutions for broadcasting, which will contribute to the market growth. For instance, KKStream, one of the renowned B2B video streaming solution providers, launched its BlendVision modular streaming platform in 2021. Thus, all of these factors will boost the growth of the global broadcast equipment market during the forecast period.
Competitors in the Market, Ericsson AB, Harmonic Inc, Cisco Systems, Grass Valley, Sencore, ETL Systems Inc., Clyde Broadcast, ARRIS International Inc, AvL Technologies Inc, Acorde Technologies S.A., Other Prominent Players
Market Segmentation
The global broadcast equipment market segmentation focuses on Technology, Product, and Region.
By Technology Outlook
- Analog Broadcasting
- Digital Broadcasting
By Product Outlook
- Dish Antennas
- Switchers
- Video Servers
- Encoders
- Transmitters and Repeaters
- Other Products
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol743
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol743
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/