Broadcast and Media Technology Market: Skyrocketing Growth of Streaming and Transition Away from Conventional Pay TV Grab Headlines

Published on : Jul 31, 2019

Albany, New York, July 31, 2019: Potential US roll out of 5G wireless technology in 2020 is likely to emanate plethora of new opportunities across the broadcast and media technology sector. Similarly, themes such as cord-cutting, video streaming, data privacy, personalized content and advertisement will have the bearing on the market. As such, all the players in the broadcasting value chain from content creators to device creators are slated to have the impact of the evolution of broadcast and media technology and the growth of 5G.  

These insights are according to the intelligence report, titled, “Broadcast and Media Technology Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” which has been latterly added to Market Research Hub’s (MRH) exponential armamentarium.

With proliferation in devices, exponential growth of streaming and a transition away from conventional pay TV have grabbed headlines in the broadcast and media technology market. With consumers across all age groups streaming more content than ever before on smartphones and tablets, consumers have been paying billions of dollars for monthly subscription of video services.

Meanwhile, there has been a palpable dip in consumers opting for pay TV subscription as their inevitable inclination towards streaming video-on-demand has risen significantly. As such, video-on-demand is gaining ground on a wide spectrum, however, in the field of popular live content, linear television persists to bolster its role.

Broadcast and media companies have been reassessing their strategies and are exponentially investing in AR/VR. In addition, several social media companies are foraying into the video content broadcasting landscape. Nevertheless, today’s consumers are agile on social media and prefer watching a worth-wile short-content. Moreover, social networks are bidding for live sports, original series and entertainment.

After touch, “voice” could be the next big thing as the adoption of voice-enabled digital assistants is growing by leaps and bounds. Digitalization is changing the distribution content and production process. Nevertheless, All-IP has become the standard for TV and 5G and fast fiber optic networks have facilitated more mobile and flexible consumption of media content.

Broadcast and Media Technology Market: Report Content

Quantitative and qualitative assessment exhort intelligence and overarching report on the broadcast and media technology market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the broadcast and media technology market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on broadcast and media technology.

An insightful and deep-dive assessment of the competitive assessment of the broadcast and media technology market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the broadcast and media technology market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Broadcast and Media Technology Market: Research Methodology

Primary sources and secondary sources propel intelligence report on broadcast and media technology market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on broadcast and media technology market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.

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