ID: MRFR/SEM/7050-CR | October 2019 | Region: Global | 133 pages
Live IP Broadcast Equipment Market is predicted to touch USD 859.1 Million at a 17.92% CAGR between 2019- 2025, reveals the latest Market Research Future’s (MRFR) live IP broadcast equipment forecast report. The strong growth of the market can be accredited to the growing demand for Ultra High Definition (UHD) content.
There has been a rapid growth in COVID-19 positive cases that, along with taking lives, have also cast its shadow on the worldwide economic structure. This outbreak has impacted every part of the world, changed the market conditions, and unfortunately has also hampered the growth of different sectors of the global live IP broadcast equipment market.
This pandemic has been highly devastating for broadcast hardware manufacturers following the disruption in supply chains across the world. After the advent of this deadly virus, suppliers have been advertising their hardware products and advertising aggressively to compensate for the huge revenue loss resulting from this pandemic. The lockdown during the first half of 2020 resulted in the cancellation of events that means several live IP broadcast equipment companies underwent severe financial pressure causing reduced budgets to invest in media technology.
Besides, cancellation in sports events is likely to cause financial loss further for the manufacturers of the broadcast equipment and other vendors present in the market. Due to the massive sum invested on the hardware and equipment for such sports events, COVID-19 has caused a tremendous loss to the earnings. Again with the consumption choice of consumers undergoing a change following the imposition of the lockdown and social distancing trends, OTT platforms such as Netflix and digital entertainment services have gained immense recognition than before. This is likely to have a positive impact on the live IP broadcast equipment market size in the long run.
Again, the cloud technology is regarded to be vital for the accomplishment of direct-to-consumer services because they help in facilitating remote workflows. Trade experts, thus believe that following the burgeoning need for such services owing to surging demand for entertainment and reduced physical contacts, virtualizing operations may have huge investments. Growing demand for virtualization and OTT streaming services are likely to be the leading live IP broadcast equipment market trends. The market may also get an economic boost from the worldwide governments as well as rising relaxation of the regulations for live IP broadcast equipment providers and broadcasters.
Need for UHD Content to Bolster Market Growth
The growing demand for Ultra-High Definition (UHD) content production, as well as transmission, may bolster the market growth during the forecast period.
Additional live IP broadcast equipment market growth drivers include the shift of products to software from the hardware-oriented and open architecture based, investments in broadband infrastructure that has high-speed, and demand for multi-screen video consumption. Besides, growth in digitalization, rise in IT spending, booming IT infrastructure, and emerging economies being lucrative markets for different broadcast equipment, particularly over-the-top services, are also adding market growth
Demand for OTT Services to Offer Robust Opportunities
Growing D2C offerings through OTT services & multi-channel networks, especially in developed economies, are likely to offer robust opportunities to market players in the upcoming years.
Limited Bandwidth to Act as Market Restraint
Limited bandwidth of live IP broadcast equipment may act as a market restraint over the forecast period.
Stringent Rules to Challenge Market Growth
Stringent regulations and rules laid down by the Federal Commission to broadcast and streamline UHD or 4K streaming may have a negative impact on the live IP broadcast equipment market share over the forecast period.
Global Live IP Broadcast Equipment Market, as per the MRFR’s live IP broadcast equipment market study, has been segmented into application and product.
Encoders and Convertors Segment to Lead the Live IP Broadcast Equipment Market
By product, the global live IP broadcast equipment market is segmented into video servers, signal processing unit, modulators and repeaters, antennas, amplifiers, routers and switches, transmitter and gap fillers, encoders and convertors, and others. Of these, the encoders and convertors segment will lead the market over the forecast period.
Broadcast Production Centers Segment to Dominate the Live IP Broadcast Equipment Market
By application, the global live IP broadcast equipment market is segmented into outside broadcast vans, broadcast stadium, and broadcast production centers. Of these, the broadcast production centers will dominate the market over the forecast period.
North America to Remain Forerunner in the Live IP Broadcast Equipment Market
By region, the global live IP broadcast equipment market report covers the opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and Rest of the World. Of these, North America will be the forerunner in the market over the forecast period. The presence of top broadcast equipment manufacturers such as Arrakis Systems, Inc, Comrex, USA, Broadcast Electronics Inc., Cisco Systems Inc., among others, rise in satellite and cable TV channels, growing penetration of the internet that has offered broadcasters several choices for their own political and creative expression, increasing cultural diversity, rise in broadcast channels, and early and increasing adoption of technology are adding to the global live IP broadcast equipment market demand in the region.
APAC to Grow at the Fastest Pace
In the APAC region, the live IP broadcast equipment market is predicted to grow at the fastest pace over the forecast period. The rich presence of electronic component manufacturing enterprises that are developing technologies constantly in broadcast media, growing presence in entertainment and media with expanding film industry in Japan, India, and China, and consumers surging need for high-quality audio and video over TV and radio are adding to the global live IP broadcast equipment market growth in the region.
Europe to Have Healthy Growth
In Europe, the global live IP broadcast equipment market is predicted to have healthy growth over the forecast period. The presence of several medium-sized and some large companies which offer solutions related to entertainment and media is adding to the global live IP broadcast equipment market growth in the region.
The live IP broadcast equipment market is competitive due to the presence of several large and small players operating in the market. It is moderately concentrated, with key players incorporating several strategies like mergers and acquisitions, strategic partnerships, and product innovation to expand their geographic reach and widen their product portfolio to stay ahead in the competition. Key players are also hugely investing in research and development activities for incorporating new technologies as well as compression techniques to create new products to boost their share in the market. They are constantly innovating for a cost-effective product portfolio.
Global Live IP Broadcast Equipment Market report by Market Research Future highlights the niches and latest trends in the industry. It also focuses on the drivers, opportunities, restraints, challenges, and insights for the forecast period. The report also throws light on the different market segments for a comprehensive understanding of the reader.
Frequently Asked Questions (FAQ) :
North America is the region expected to lead the global live IP broadcast equipment market.
Cisco Systems Inc. (US), Belden Inc. (US), Sony Corporation (Japan), Evertz Microsystems Ltd (Canada), Euro Media Group (France), Eletec Broadcast Telecom SARL (France) are the key players of the market.
North America, Asia-Pacific, Europe, South America, and Middle East & Africa are the top regions included in the Live IP Broadcast Equipment Market.
Live IP Broadcast Equipment Market is going to register a 17.92% CAGR in the assessment period.
2018 to 2025 is the growth period for the growth of the market.