The broadcast automation software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Broadcast Automation Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
broadcast automation software market size has grown exponentially in
recent years. It will grow from $1.74 billion in 2023 to $2.13 billion
in 2024 at a compound annual growth rate (CAGR) of 22.1%. The growth in
the historic period can be attributed to growing complexity in broadcast
media planning, increase in the adoption of cloud-based solutions,
increasing demand for smart devices, increased need for operational
efficiency and cost reduction, rising demand for personalized content
and audience engagement.
The broadcast automation software market size is expected to see rapid growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to rising popularity of multimedia streaming applications, growing demand for seamless broadcasting in single channel environments, increasing demand for automation in broadcasting and entertainment industries, increasing demand for high-quality content, increasing investments in broadcasting infrastructure. Major trends in the forecast period include technology advancements, cloud-based solutions in broadcasting, integration of AI and machine learning, emergence of personalized and interactive content experiences, shift towards IP-based and remote production workflows.
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Scope Of Broadcast Automation Software Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Broadcast Automation Software Market Overview
Market Drivers -
The
rising popularity of multimedia streaming applications is expected to
propel the growth of the broadcast automation software market going
forward. Multimedia streaming refers to the delivery of video or audio
content over the Internet in compressed form, allowing users to play the
media immediately without the need to download it to their device's
storage. Multimedia streaming applications are experiencing growth due
to several factors, including the widespread adoption of smartphones,
tablets, smart TVs, and other connected devices, the availability of
high-speed internet, and the increasing demand for on-demand content.
Broadcast automation software is used to simplify content management for
media streaming platforms, including content ingestion, transcoding,
and delivery to different devices and networks. Broadcast automation
software also plays a crucial role in ensuring the smooth transmission
of multimedia content by automating tasks related to planning broadcast
media with high precision. For instance, in April 2023, according to a
press release shared by Netflix Inc., a US-based streaming media
company, Netflix had 223 million paying subscribers in the fourth
quarter of 2022, and by the first three months of 2023, that number had
risen to 231 million. Therefore, the rising popularity of multimedia
streaming applications is driving the growth of the broadcast automation
software market.
Market Trends -
Major companies operating in
the broadcast automation software market are focusing on advanced
technological solutions, such as radio automation software, to make
broadcasting more efficient and effective. Radio automation software is
an advanced tool that revolutionizes the radio broadcasting industry by
automating various tasks essential for running a radio station. For
instance, in March 2023, Aiir, a US-based IT service management company
that provides online services and products to broadcast radio stations,
launched PlayoutONE version 5, a radio automation software designed for
broadcasters that focuses on increasing speed and efficiency and
allowing broadcasters to get more things done with ease. PlayoutONE
version 5 features a significant improvement to WebVT, a program that
enables users to broadcast from anywhere using only a web browser. The
update enhances the broadcasting experience by lowering latency and
improving audio quality. PlayoutONE V5 is available as a free update to
existing customers and is designed for all broadcasters, including
individuals and broadcast stations around the world.
The broadcast automation software market covered in this report is segmented –
1) By Product: Web-Based, Cloud-Based, Hybrid
2) By Solution: Software, Service
3) By Application: Entertainment, Healthcare, Education, Government, Other Applications
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Regional Insights -
North
America was the largest region in the broadcast automation software
market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the broadcast
automation software market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major
companies operating in the broadcast automation software market are
Belden Incorporated, Harmonic Inc., Grass Valley, Avid Technology,
Evertz Microsystems, Ross Video, Amagi Corporation, Imagine
Communications, Visualization in Real-Time (Vizrt), Snell Limited,
Dayang Technology Development Inc., Dalet Digital Media Systems,
Bitcentral Inc., Video Stream Networks (VSN), Automated Video Editing
(Aveco), Pebble Beach Systems, BroadStream Solutions, ENCO Systems Inc.,
Cinegy GmbH, Pixel Power Ltd., Florical Systems, PlayBox Technology,
OASYS Automated Playout, Orad Hi-Tec Systems
Table of Contents
1. Executive Summary
2. Broadcast Automation Software Market Report Structure
3. Broadcast Automation Software Market Trends And Strategies
4. Broadcast Automation Software Market – Macro Economic Scenario
5. Broadcast Automation Software Market Size And Growth
…..
27. Broadcast Automation Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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