Market Analysis
The global live IP broadcast equipment market will reach USD 859 Million at a favorable 16 ?GR by 2027, states the latest Market Research Future (MRFR) report.
Drivers
Requirement for UHD Content to Boost Market Growth
The burgeoning need for ultra-high definition (UHD) content production along with transmission will boost Live IP Broadcast Equipment Market growth over the forecast period.
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Opportunities
Rising D2C Offerings to offer Lucrative Opportunities
The rising D2C offerings through multi-channel networks and OTT services particularly in developed economies will offer robust opportunities for the live IP broadcast equipment market over the forecast period.
Restraints
Limited Bandwidth to Remain Market Restraint
The limited bandwidth of such equipment may remain as a market restraint in the forecast period.
Challenges
Strict Rules to act as Market Challenge
Strict rules and regulations laid down via the Federal Commission for broadcasting and streamlining 4K streaming or UHD may act as a market challenge over the forecast period.
COVID-19 Analysis
Supply chain disruptions, economic situations, fluctuations in demand share, as well as long-term & immediate effect of the COVID-19 pandemic possessed a negative effect on the live IP broadcast equipment market growth. The pandemic has slowed down economic activity and pushed the economy into a steep recession. With the roots being in China, the supply chains in the world are facing shutdown and unprecedented disruption. Besides, the initial setback, the industry is likely to return to normalcy during the forecast period and continue growing much beyond also.
Market Segmentation
The live IP broadcast equipment market is bifurcated based on product and application.
By product, the encoders & convertors segment will dominate the market in the forecast period.
By application, the broadcast production centers will lead the market in the forecast period.
Regional Analysis
North America to Remain Forerunner in Live IP Broadcast Equipment Market
North America will remain the forerunner in the live IP broadcast equipment market over the forecast period. The presence of leading broadcast equipment manufacturers, increase in cable TV and satellite channels, growing penetration of the internet, increasing cultural diversity, increase in broadcast channels, increasing and early adoption of technology are adding to the live IP broadcast equipment market growth in this region. Mexico, Canada, and the US hold the utmost market share.
Key Players
Eminent industry players profiled in the global live IP broadcast equipment market report include Cisco Systems Inc. (US), Evertz Microsystems Ltd (Canada), Belden Inc. (US), Sony Corporation (Japan), Eletec Broadcast Telecom SARL (France), Euro Media Group (France), Telefonaktiebolaget LM Ericsson (Sweden), EVS Broadcast Equipment SA (Belgium), Harmonic Inc. (US), ETL Systems Ltd (UK), TAMURA Corporation (Japan) and Ikegami Tsushinki Co., Ltd (Japan).
The global live IP broadcast equipment market is both fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more. Besides, they are also investing in various research and development activities.
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