Live IP Broadcast Equipment Market Research Report
According to Market Research Future's (MRFR) newest live IP broadcast equipment projection study, the market is expected to reach USD 859.1 million by 2027, growing at a 16 percent CAGR. The increased demand for Ultra High Definition (UHD) content could be attributed to the market's robust growth.
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Market Segmentation
The Live IP Broadcast Equipment Market is divided into three categories: application, product, and geography.
Video servers, modulators & repeaters, encoders & converters, signal processing units, antennas, routers & switches, amplifiers, transmitter & gap fillers, and others make up the product segment. The encoders and converters section has the biggest market share among these. Over the forecast period, the segment is expected to expand faster.
Outside broadcast vans, broadcast production centers, broadcast stadiums, and others are sub-segments of the application segment. The broadcast production center sector has the biggest market share among these. Over the forecast period, the segment is expected to expand faster.
Regional Classification
North America dominates the worldwide live IP broadcast equipment market. Top broadcast equipment manufacturers like Arrakis Systems, Inc., USA, Comrex, Broadcast Electronics Inc., and Cisco Systems Inc. have the largest market share. Furthermore, the growth of satellite and cable TV channels and the increasing penetration of the internet bolsters the market size, giving broadcasters a variety of options for political and creative expression.
A live IP, broadcast equipment sector, exists in Canada, the United States, and Mexico. The live IP broadcast equipment market in North America is expected to remain dominant over the projected period. Increased cultural diversity, an increase in broadcast channels, and early and increasing acceptance of technology are all megatrends bolstering the area's live IP broadcast equipment size of the market.
In terms of market value for live IP broadcast equipment, the Asia Pacific area ranks second internationally. Increased manufacturing plants of different broadcasting equipment are being driven by enhanced availability of cost-competitive labor forces plus raw material benefits. Furthermore, the live IP broadcast equipment business in the area is driven by a strong manufacturing hub of electronic component manufacturers and improvements in broadcasting and media innovations.
Industry News
Because of multiple large and minor companies in the market, the live IP broadcast equipment market is highly competitive. This is moderately concentrated, with important companies employing various measures to expand their geographic reach and broaden their product offering to stay ahead of the competition, including strategic partnerships, mergers and acquisitions, and product innovation. Major manufacturers are heavily spending on research and development operations to incorporate new technologies and compression processes into new products to increase their market share. They're always coming up with new ways to make their product portfolio more cost-effective.
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