The Television Broadcasting Global Market Report 2023 by The Business Research Company, provides television broadcasting market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Television Broadcasting Global Market Report 2023, the market grew from $271.12 billion in 2022 to $287.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The television broadcasting market is expected to grow to $353.18 billion in 2027 at a CAGR of 5.2%.
The rising demand for television sets across the globe contributes to the growth of the television broadcasting market. Television is a prominent medium for the transmission of information, news, and entertainment. Therefore, an increase in demand for television sets increases the demand for television broadcasting
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The television broadcasting market is segmented:
1) By Type: Television Station, Television Network
2) By Broadcaster Type: Public, Commercial
3) By Revenue Source: Subscription-Based, Advertisement-Based
Many studios are increasing their budgets for TV shows to produce high-quality content. Since studios now have many platforms to generate revenues, studios are willing to invest in producing high-quality content. For example, Netflix invested about £100million in the TV series The Crown. Thus, the demand for quality content and the availability of multiple a such as video on demand platforms such as Netflix, Hulu, mobile applications, and web portals to generate revenues encouraged studios to produce TV shows with high budgets.
The television broadcasting market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Television Broadcasting Market Characteristics
4. Television Broadcasting Market Product Analysis
5. Leading Products/ Services
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20. Television Broadcasting Market Competitive Landscape
21. Key Mergers And Acquisitions In The Television Broadcasting Market
22. Market Background: TV And Radio Broadcasting Market
23. Recommendations
24. Appendix
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