The global broadcast and media technology market is expected to grow to $44.3 billion in 2017, reveals IABM-Devencroft partners study. | The global broadcast and
media technology market is expected to grow to $44.3 billion in 2017, according to a new report from a joint venture between the International Association of Broadcast Manufacturers (IABM) and Devoncroft Partners.
Over the past four years, the market has experienced a compound annual growth rate of 3.6 per cent, achieving a value of $39 billion in 2012, the Global Market Valuation & Strategy Report found. The segments covered in the report included acquisition and production; post production; content and communication infrastructure; audio; storage; system automation and control; playout and delivery; test, quality control and monitoring; and services.
The report is based on the most comprehensive data model ever produced for the broadcast and media technology industry, which encompasses more than 2,500 companies, ranging from start-ups to global conglomerates, and includes software, hardware, and service providers.
“The Global Market Valuation & Strategy Report is the only one of its kind to bring together broadcast industry vendors who collaborate under a set framework of strict confidentiality to share revenue data, future forecasts and detailed data on driving factors for their businesses, which is facilitated by the IABM, an independent body,” said Peter White, IABM chief executive.
The report is designed to be modular with each of the nine segments containing market sizing data and can be purchased separately. This allows organisations to access targeted and relevant information in a more costeffective manner while still gaining access to other parts of the report, such as the executive summary, mergers and acquisitions, and emerging technologies.