The broadcast automation software market size is expected to see rapid growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to rising popularity of multimedia streaming applications, growing demand for seamless broadcasting in single channel environments, increasing demand for automation in broadcasting and entertainment industries, increasing demand for high-quality content, increasing investments in broadcasting infrastructure. Major trends in the forecast period include technology advancements, cloud-based solutions in broadcasting, integration of AI and machine learning, emergence of personalized and interactive content experiences, shift towards IP-based and remote production workflows.
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Segmentation & Regional Insights
The broadcast automation software market covered in this report is segmented –
1) By Product: Web-Based, Cloud-Based, Hybrid
2) By Solution: Software, Service
3) By Application: Entertainment, Healthcare, Education, Government, Other Applications
North America was the largest region in the broadcast automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broadcast automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising popularity of multimedia streaming applications is expected to propel the growth of the broadcast automation software market going forward. Multimedia streaming refers to the delivery of video or audio content over the Internet in compressed form, allowing users to play the media immediately without the need to download it to their device’s storage. Multimedia streaming applications are experiencing growth due to several factors, including the widespread adoption of smartphones, tablets, smart TVs, and other connected devices, the availability of high-speed internet, and the increasing demand for on-demand content. Broadcast automation software is used to simplify content management for media streaming platforms, including content ingestion, transcoding, and delivery to different devices and networks. Broadcast automation software also plays a crucial role in ensuring the smooth transmission of multimedia content by automating tasks related to planning broadcast media with high precision. For instance, in April 2023, according to a press release shared by Netflix Inc., a US-based streaming media company, Netflix had 223 million paying subscribers in the fourth quarter of 2022, and by the first three months of 2023, that number had risen to 231 million. Therefore, the rising popularity of multimedia streaming applications is driving the growth of the broadcast automation software market.
Key Industry Players
Major companies operating in the broadcast automation software market are Belden Incorporated, Harmonic Inc., Grass Valley, Avid Technology, Evertz Microsystems, Ross Video, Amagi Corporation, Imagine Communications, Visualization in Real-Time (Vizrt), Snell Limited, Dayang Technology Development Inc., Dalet Digital Media Systems, Bitcentral Inc., Video Stream Networks (VSN), Automated Video Editing (Aveco), Pebble Beach Systems, BroadStream Solutions, ENCO Systems Inc., Cinegy GmbH, Pixel Power Ltd., Florical Systems, PlayBox Technology, OASYS Automated Playout, Orad Hi-Tec Systems
The broadcast automation software market report table of contents includes:
1. Executive Summary
2. Broadcast Automation Software Market Characteristics
3. Broadcast Automation Software Market Trends And Strategies
4. Broadcast Automation Software Market – Macro Economic Scenario
5. Global Broadcast Automation Software Market Size and Growth
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31. Broadcast Automation Software Market Other Major And Innovative Companies
32. Global Broadcast Automation Software Market Competitive Benchmarking
33. Global Broadcast Automation Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Broadcast Automation Software Market
35. Broadcast Automation Software Market Future Outlook and Potential Analysis
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