Broadcast Equipment Market to Reach $5.8 Billion by 2023: Analysis by Application, Technology, Products & Geography - Research and Markets

The "Broadcast Equipment Market - Global Forecast to 2023" report has been added to Research and Markets' offering.

The broadcast equipment market is expected to be valued at USD 5.82 billion by 2023, growing at a CAGR of 4.87% between 2017 and 2023.

The market growth can be attributed to the radical shift of products from hardware oriented to software and open architecture based; rising demand for ultra-high-definition (UHD) content production and transmission; and increasing D2C offerings through OTT services and multi-channel networks in developed economies. The incapability to broadcast equipment manufacturers to deliver ultra-high-definition (UHD) or 4K streaming and broadcasting services due to limited bandwidth and stringent rules and regulations by Federal Communications Commission are some of the factors restraining the growth of the market.

The increasing number of broadcasters offering direct-to-consumer (D2C) propositions through OTT services, along with traditional distribution routes, is fueling the growth of the market for video servers. In broadcasting, servers act as hosts and are used to deliver various contents or videos. These servers are used to store and play out multiple video streams without degrading the video signals. Broadcast video servers often store hundreds of hours of compressed audio and video (in different codecs), play out multiple and synchronized simultaneous streams of videos, and also ensure quality interfaces such as SDI for digital video and XLR for balanced analog audio, and AES/EBU digital audio.

Companies Mentioned