APAC Broadcasting Equipment Market
APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 Persistence Market Research APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 : By PMR Persistence Market Research 1 APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 Persistence Market Research Released New Market Report on “APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024”. the broadcasting equipment market in APAC region is expected to be valued at US$ 5,104.8 Mn by 2024. Thinking about report: Please observe the beneath the hyperlinks to satisfy your necessities; Request for the Report sample: http://www.persistencemarketresearch.com/samples/11317 The broadcasting equipment market in APAC region was valued at US$ 2487.5 Mn in 2015 and is expected to register a CAGR of 8.1% from 2016 to 2024. The growth of broadcasting equipment market in APAC region is primarily driven by convergence of high definition technologies such as 4K with IP. As per the report, 4K services are expected to be available on IP networks over the next four to five years via satellite launching and cable platforms. The report has segmented the APAC broadcasting equipment market into traditional TV broadcast, traditional radio broadcast, IP converged broadcasting and asset management systems. Traditional TV broadcast segment was valued at US$ 1123 Mn in 2015 and is anticipated to register a CAGR of 8.1% during the forecast period (2016–2024). The traditional radio broadcast segment was valued at US$ 544 Mn in 2015 and is anticipated to register a CAGR of 7.5% during the forecast period. The IP converged broadcasting is projected to be the fastest growing segment in APAC broadcasting equipment market, exhibiting a CAGR of 10.0% during the forecast period. Traditional TV broadcast segment accounted for 45.1% share in terms of value of the total APAC broadcasting equipment market in 2015. Consumption of high definition content in APAC region is increasing at a rapid pace, supported by rising sales of HD ready TVs. The traditional TV broadcast equipment market is further segmented into camera, monitors, routers, switchers, cable, transmitter, receiver and other accessories. Routers sub-segment is projected to expand at the highest CAGR of 9.2% during the forecast period. Content creators across the region are shifting towards 4K cameras in order to capture high definition video. This is being supported by sales of 4K UHD television that has gained momentum due to rising disposable income in the region. Persistence Market Research 2 APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 Key players of the APAC Broadcasting Equipment market include Media Excel Inc.(US), ChyronHego Corporation (US), TVU Networks Corporation (US), XOR Media Inc.(US), FOR-A Company (Japan), ORACLE Corporation (US), Unlimi-Tech Software Inc. (US), Grass Valley (Canada) and General Dynamics Mediaware (Australia). Request TOC (desk of content material), Figures and Tables of the report: http://www.persistencemarketresearch.com/market-research/asia-pacific-broadcastingequipment-market/toc This report covers trends that are driving each segment and offers analysis and insights regarding the potential of the broadcasting equipment market in APAC regions. APAC region includes the following countries: • China • Japan • India • ASEAN • ANZ • Rest of APAC. Persistence Market Research 3 APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 Market Bytes: Broadcasting equipment are used to transmit audio-visual content over TV, radio and IP network. Radio broadcasting is long distance transmission of audio signals through radio waves. Radio broadcasting is carried out using various devices and equipment such as audio console, intercom, microphone, speaker, sable, transmitter, and receivers. Audio console are used to control and change the dynamics of audio signals, while intercoms allow for two-way communication between users. The APAC broadcasting equipment market is highly influenced by the ongoing trend of rising adoption of open architecture solutions. These solutions are compatible with multiple standards that offers the flexibility to media and production houses. Consumers, especially in APAC region, prefer access to audio-visual content over multiple devices such as tablets, smartphones and desktops. OTT players such as YouTube, Netflix, and Amazon Prime offer multimedia content that can be accessed across various platforms. This is a major factor driving growth of the market. The APAC broadcasting equipment market was valued at US$ 2487.5 Mn in 2015 and is expected to expand at a CAGR of 8.1% during the forecast period (2016–2024). On the basis of equipment type, the APAC broadcasting equipment market is segmented into traditional TV Broadcast, traditional radio broadcast, IP converged broadcasting and asset management system. IP converged broadcasting is the emerging segment in broadcasting equipment market, where IP network is used for the content delivery by broadcasters. Convergence of IP with broadcasting has enabled broadcasters to deliver content in real time in a more secure and reliable manner. IP converged broadcasting is the fastest growing segment in APAC broadcasting equipment market. The IP converged broadcasting segment was valued at US$ 453.3 Mn in 2015 and is expected to account for US$ 1,068.1 Mn by the end of 2024 at a CAGR of 10% during the forecast period. The IP converged broadcasting segment is further sub-segmented into media over IP, media contribution over IP and IP in studios and campuses. Persistence Market Research 4 APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 In Asia Pacific region, various countries have low electricity penetration that is creating significant challenge for broadcasters. Infrastructure challenges such as lack of electricity and mismatch cabling can negatively affect growth of APAC broadcasting equipment market. “Key players in the APAC broadcasting equipment market include Media Excel Inc.(US), ChyronHego Corporation (US), TVU Networks Corporation (US), XOR Media Inc.(US), FOR-A Company (Japan), ORACLE Corporation (US), Unlimi-Tech Software Inc. (US), Grass Valley (Canada) and General Dynamics Mediaware (Australia).” Media Excel Inc. one of the prominent leader and offers HEVC encoder for Ultra HD Live. “HERO - 4K” by Media Excel Inc. enables production ready 4K HEVC for both file and Live workflows at the datacenter as well as in the cloud. Most key players in APAC broadcasting equipment market are focused on carrying out promotional activities via industrial exhibitions to advertise their products and form strategic alliances with other broadcasting service providers to expand the reach of their business. About Us Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multidisciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Persistence Market Research 5 APAC Broadcasting Equipment Market to be Valued at US$ 5,104.8 Mn by 2024 Contact Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Email: [email protected] [email protected] Web: http://www.persistencemarketresearch.com Persistence Market Research 6
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