NEWARK, Del: , Sept. 20, 2022 (GLOBE NEWSWIRE) — The television broadcasting services market revenue was estimated at US$537.8 billion in 2021 and is projected to grow at a CAGR of 5.8% from 2022 to 2032 , according to a recent Future Market Insights report. By the end of 2032, the market is expected to reach a $1 trillion valuation. Cable TV service demand is expected to grow at a CAGR of 5.4% during the forecast period.
The future of the television industry has rapidly shifted from broadcast to bandwidth as broadcast methods and consumer tastes have shifted toward on-demand audio and video content.
Individuals are rapidly migrating away from cable television or satellite television toward over-the-top and internet protocol television services, largely due to the rapid digitization of the entertainment media industry. The increasing desire of businesses to reach huge audiences and potential consumers is driving the expansion of television broadcasting services.
The increasing desire of businesses to reach huge audiences and potential consumers is driving the expansion of television broadcasting services. With the advent of digital broadcasting and the Internet, the television business has undergone a remarkable transformation in recent years.
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With the widespread use of the Internet and the development of digital ecosystems around the world, online television broadcasting has grown in popularity over the past decade. The elderly population, who spends much of their time watching conventional television, is driving the expansion of cable television broadcasting services.
Given that pay TV subscriptions are tied to their Internet connection, the majority of North Americans continue to watch cable television. Apart from that, people prefer to watch live broadcasts on Pay TV.
In addition, cable TV providers intend to offer video-on-demand (VoD) offerings to maintain their position in the global market. Consumers currently have strong demand for OTT platforms and production studios, so broadcasters are focusing on producing massive amounts of high-quality content.
The market is highly competitive and major players are increasingly focused on gaining a competitive advantage. The key companies in the TV broadcasting services market focus on research and development to create innovative technological solutions.
- in the Can 2022Thomson Broadcast recently agreed to acquire GatesAir from a unit of global investment firm The Gores Group.
- in the December 2020, Fox Broadcasting Company and Sinclair Broadcasting Company have jointly decided to extend Fox channel affiliations for broadcasters in 25 US markets over a multi-year period.
Major businesses covered
- A&E Television Networks, LLC
- AT&T, Inc.
- British Broadcasting Corp
- GROUP CHANNEL+
- CBS Interactive
- Channel Four Television Corporation
- CenturyLink, Inc.
- 21st century fox
- Comcast Corporation
- Canadian Broadcasting Corp
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Future Market Insights presents in its new offering an unbiased analysis of the market for television broadcasting services with historical market data (2016-2021) and forecast statistics for the period 2022-2032.
The study shows strong growth in the TV broadcasting services market in terms of delivery platform (digital terrestrial broadcasting, satellite broadcasting, cable TV broadcasting services, Internet Protocol TV, over-the-top TV) and broadcaster type (public, commercial). five regions (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa).
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Table of Contents
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Market background
3.1. market dynamics
3.2. scenario forecast
3.2.1. demand in the optimistic scenario
3.2.2. demand in the probable scenario
3.2.3. Demand in the conservative scenario
3.3. Opportunity Map Analysis
3.4. Investment feasibility matrix
3.5. PESTLE and Porter’s analysis
To continue the table of contents…
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