The sports broadcasting technology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sports Broadcasting Technology Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sports broadcasting technology market size has grown strongly in recent years. It will grow from $71.27 billion in 2023 to $76.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to internet and digital streaming, advancements in camera technology, the emergence of satellite broadcasting, integration of augmented reality (AR), mobile viewing and second-screen experiences.
The sports broadcasting technology market size is expected to see strong growth in the next few years. It will grow to $101.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to 5G technology, artificial intelligence (AI) and machine learning, virtual reality (VR) and mixed reality (MR), personalized and interactive content, and integration of wearable technology. Major trends in the forecast period include immersive viewing experiences, 5G-powered broadcasting, artificial intelligence (AI) in production, data analytics and visualization, and cloud-based workflows.
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Scope Of Sports Broadcasting Technology Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sports Broadcasting Technology Market Overview
Market Drivers –
The rise of on-demand streaming services is expected to propel the growth of the sports broadcasting technology market going forward. On-demand streaming services, also known as video-on-demand (VOD) services, are digital platforms that offer a wide range of multimedia content, including movies, TV shows, documentaries, and original programming, for users to access and watch at their convenience. The popularity of streaming services is rising due to cost-effectiveness compared to traditional TV, accessibility and convenience, original programming variety, and convenience. Sports broadcasting technology is used for streaming services to deliver live sports events, highlights, and analysis and to efficiently transmit high-quality video streams over the internet for smooth playback and minimizing buffering. For instance, in January 2022, according to the Motion Picture Association, a US-based trade association, subscribers to on-demand streaming services increased by 14% from 2020 to 1.3 billion in 2021. Therefore, the rise of on-demand streaming services is driving the growth of the sports broadcasting technology market.
Market Trends –
Major companies operating in the smart drug delivery systems market focus on developing reusable drug delivery devices, such as Qfinity, to revolutionize drug administration. Qfinity is a reusable drug delivery device used to administer medication, unlike single-use devices that are disposed of after one use. For instance, in May 2022, Jabil Inc., a US-based manufacturing services company, launched Qfinity, a reusable drug delivery device designed for subcutaneous self-administration of drugs. The device is capable of handling over 100 injections per device, accommodating 1 mL or 2.25 mL pre-filled cartridges and offering a 60% reduction in carbon footprint per injection. The Qfinity autoinjector platform is versatile, featuring broad technical specifications for drug volumes and viscosities. Additionally, a connected version called Qfinity+ allows for remote monitoring of patients’ care and compliance through built-in sensors and electronics, providing connectivity without compromising ease of use.
The sports broadcasting technology market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Technology: Analog, Digital
3) By Platform: OTT (Over-The-Top), Radio, Television
4) By End User: Broadcaster, Studios And Content Developer, Distributors
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Regional Insights –
North America was the largest region in the sports broadcasting technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports broadcasting technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sports broadcasting technology market are IBM Corporation, Orange S.A. , NBC Universal Media LLC, Warner Bros. Discovery Inc., NEC Corporation, ESPN Sports Media Ltd., Fox Corporation, Rohde & Schwarz GmbH & Co KG, Belden Inc., NEP Group Inc., AvL Technologies Inc., Viaplay Group AB, Sportradar AG, SKY Network Television Ltd, Evertz Microsystems Ltd., Deltatre Limited, beIN MEDIA GROUP, Supersport, Global Invacom Group, VSN Video Stream Networks S.L., Muvi One, Staige GmbH, OMB Broadcast, Hangzhou HAOXUN Technologies Co. Ltd., EasyBroadcast
Table of Contents
1. Executive Summary
2. Sports Broadcasting Technology Market Characteristics
3. Sports Broadcasting Technology Market Trends And Strategies
4. Sports Broadcasting Technology Market – Macro Economic Scenario
5. Global Sports Broadcasting Technology Market Size and Growth
…
32. Global Sports Broadcasting Technology Market Competitive Benchmarking
33. Global Sports Broadcasting Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sports Broadcasting Technology Market
35. Sports Broadcasting Technology Market Future Outlook and Potential Analysis
36. Appendix
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