Global Live IP Broadcast Equipment Market growing at a CAGR of 16.9% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Oct 2023 | Type : Press Release
Key Market Overview
The Global Live IP Broadcast Equipment Market was valued at USD 974.02 Million in 2022, projected to grow by USD 1,115.59 Million in 2023, and is expected to register a compound annual growth rate of 16.9% to reach USD 3,879.17 Million in 2031.
The report highlights the increasing adoption of live IP broadcast equipment in media & entertainment sector among others. Consegic Business Intelligence provides an inclusive research report on the live IP broadcast equipment market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Live IP Broadcast Equipment Market By Overview
The report analyses significant segments such as type, sales channel, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of encoders in broadcasting applications, attributing to its several benefits including high reliability, versatility, high quality video encoding, multiple resolution output, and others. Moreover, the rising innovations associated with production switchers for deployment in media streaming and broadcasting applications is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Growing TV broadcasting sector is driving the market growth.
- Rising popularity of OTT platforms is spurring the market growth.
Restraints:
- High cost associated with live IP broadcast equipment is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Encoders, Video Servers, Antennas, Production Switchers, and Others |
| By Sales Channel | Online and Offline |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global live IP broadcast equipment market is highly competitive due to the presence of major players such as Ross Video Ltd., Harmonic Inc., Panasonic Corporation, Belden Inc., and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in live IP broadcast equipment market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Ross Video Ltd.
- Harmonic Inc.
- Panasonic Corporation
- Belden Inc.
- Cisco Systems Inc.
- Grass Valley
- Evertz
- Sony Corporation
- Sencore
- EVS Broadcast Equipment
