Broadcast Switchers Market to Showcase Vigorous Demand During the Period until 2025
The global broadcast switchers market with a compounded annual growth rate (CAGR) of 7% during 2019 to 2025. The economic situation has changed quite significantly post Covid19. However, the ICT field in general has only benefitted due to increased application of ICT technologies in various segments due to remote working and preference of online service requirements. The report includes the Covid 19 impact on the economic scenario in general and the broadcast switchers market in specific. All the significant economic and industry metrics that have changed post the pandemic has been considered to deliver precise revenue forecast.
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Some of major Key players in the broadcast switchers market are; Ross Video Ltd, Evertz Corporation, Sony Electronics Inc., Grass Valley USA LLC, Snell Ltd, Panasonic Corporation, Harris Broadcast, Ikegami Electronics and Miranda Technologies. Every key player is competing in the global market by developing more advanced products and fulfilling the needs of the broadcast industry.
Broadcast switchers are the key intermediate hardware which allows vendor to make a choice of a signal from multiple alternatives and then telecast it. It also helps the broadcaster to merge the signals and add special effects to them. Live programs and sports events attract large viewership and broadcast switchers are the essential part for seamless transmission of these shows to the viewers. Due to these applications Broadband switchers are becoming sophisticated and advanced to meet the demands of the industry. Latest trends of ultra-high-definition, multi-platform content, cloud computing and video transport over internet protocol networks are the emerging trend in the broadcast industry.
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The global broadcast switchers market is segmented by application, by number of ports and by type. By application, the global market for broadcast switchers has been segmented into studio production, post-production, news production, sports broadcasting, production trucks, and others such as educational institutes, corporate conferences, play outs, and live events. Out of these segments studio production holds 27% of the total market share and is expected to remain on the top position during the forecasted period. By types, the market is divided into master control switchers, production and routing switchers. Out of these switchers, routing switcher accounts for major market share due to their use in several application segments like, sports broadcasting, news, production, and conference rooms.
Geographically the global broadcast switchers market is divided into Asia Pacific, North America and Europe. North America dominates the global broadcast switcher market, with large investments from manufacturers feeding the high demand. Also the demand in this region such as corporate conferences, educational institute and industry is fueling the growth. Asia Pacific region is expected to become a fast growing regional market during the forecast period due to investments in transmission and broadcast infrastructure.
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The report has covered penetration of television and other broadcasting media to various levels by governments in different regions. The global broadcast switchers market is majorly driven by the rising application of the HDTVs and digital connection to various regions, advent of better technologies such as 4K ultra HD televisions, 3D digitalization etc. The total market is analyzed considering various databases and facts for these growth factors. Other data considered to estimate the broadcast switchers market was:
- Television penetration rates across geographies
- Growing expenditure in broadcasting industry across geographies
Revenue by countries was estimated and analyzed through following data points:
- Awareness levels for broadcasting technologies
- Cost of broadcasting equipment
- Per capita expenditure on media and entertainment
Market forecast was performed through proprietary software and expert panel that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report.
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