Broadcasting Equipment Market to Witness Healthy Growth as Players Witness Potential Growth Opportunities 2023
The broadcasting equipment market in the US is expected to grow at a significant rate during the forecast period. The major factors influencing this growth includes the high penetration of the Internet which has led to the reduction in the distribution cost of streaming video content as well as increased the demand for OTT content. These developments contribute to the rapid growth of the broadcasting and related industries. Asia-Pacific has witnessed robust growth due to technological innovation, continuous economic growth, and the rising demand for communication services. Moreover, increasing investments in upgrading network infrastructure and optimization of mobile broadband are helping the broadcasting equipment market to grow at a rapid pace in China. The advent of 8K Super Hi-vision and launch of BS 4K has a significant impact on the broadcasting equipment market in Japan with heavy investments being made for the development of video switchers, slow-motion controls, upconverter to 8K, HEVC encoder, 8K recorders, uncompressed transmitters for fiber optics, and uncompressed transmitters for 120 GHz band. Europe has witnessed fast digital transition due to the setup of specific purpose bodies, such as Digital UK, consisting of government departments, regulatory agencies, broadcasters, network operators, and consumer electronics manufacturers, which allowed for a smooth transition process.
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Broadcasting Equipment Market to Witness Healthy Growth as Players Witness Potential Growth Opportunities 2023
The broadcasting equipment market in the US is expected to grow at a significant rate during the forecast period. The major factors influencing this growth includes the high penetration of the Internet which has led to the reduction in the distribution cost of streaming video content as well as increased the demand for OTT content. These developments contribute to the rapid growth of the broadcasting and related industries. Asia-Pacific has witnessed robust growth due to technological innovation, continuous economic growth, and the rising demand for communication services. Moreover, increasing investments in upgrading network infrastructure and optimization of mobile broadband are helping the broadcasting equipment market to grow at a rapid pace in China. The advent of 8K Super Hi-vision and launch of BS 4K has a significant impact on the broadcasting equipment market in Japan with heavy investments being made for the development of video switchers, slow-motion controls, upconverter to 8K, HEVC encoder, 8K recorders, uncompressed transmitters for fiber optics, and uncompressed transmitters for 120 GHz band. Europe has witnessed fast digital transition due to the setup of specific purpose bodies, such as Digital UK, consisting of government departments, regulatory agencies, broadcasters, network operators, and consumer electronics manufacturers, which allowed for a smooth transition process.
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