Broadcast Automation Software Market Trends

  • Report ID: 3712
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Broadcast Automation Software Market Trends

Growth Drivers

  • Growing Demand for Seamless Broadcasting in Single Channel Environments
  • Rising Popularity of Multimedia Streaming Applications

Challenges

  • Connectivity Issues Associated with Broadcast Automation Software

Broadcast Automation Software Market: Key Insights

Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Base Year

2024

Forecast Year

2025-2037

CAGR

19.2%

Base Year Market Size (2024)

USD 1.95 billion

Forecast Year Market Size (2037)

USD 19.13 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3712
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of broadcast automation software is evaluated at USD 2.27 billion.

Broadcast Automation Software Market size was over USD 1.95 billion in 2024 and is poised to exceed USD 19.13 billion by 2037, witnessing over 19.2% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is expected to account for largest revenue share by 2037, driven by growing adoption of advanced technologies, and presence of large number of TV households in the region, especially in India and China.

The major players in the market are Chetu Inc., Advanced Broadcast Services Limited, AMC Networks Inc., Axel Technology Srl, The Chyron Corporation, and others.
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