![]() The rapidly evolving nature of digital audio and video formats and the need for open, national, or international consensus standards for creating and preserving digital audio and video are challenging the market’s growth. The increasing number of international sports tournaments drives the rental market for broadcast equipment. The rental sports broadcast equipment sector is another significant revenue generator for the broadcast equipment market. The increasing number of devices and formats presents several challenges for broadcasters, service providers, content owners, and rights holders. The sports section is the biggest market for TV viewers worldwide, finding ways to deliver video content at scale. In addition, the increase in the number of digital channels and the growing adoption of advanced broadcasting equipment, with 8K video quality in sports coverage and 4K quality in news coverage, provide impetus to market growth. Technological advancement has further driven broadcasters to provide UHD output to their premium users, fueling the market growth. This is significant for live production, where a premium is placed on flexible and efficient system control. ![]() With content being produced in UHD and 4K formats, transmission in the same format for improved viewing quality has led to IP live-production technology. Over the last few decades, consumers’ demand for better-quality video and audio has rapidly upgraded broadcast equipment products and technology. ![]() Broadcast television is evolving significantly, and there is a requirement to transform to stay relevant. With consumers’ shift from television to digital media, staying relevant in broadcast media is challenging but necessary for long-term viability. 10, 2023 (GLOBE NEWSWIRE) - announces the release of the report "Broadcast Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)". The Broadcast Equipment Market size is estimated at USD 5.16 billion in 2023, and is expected to reach USD 6.88 billion by 2028, growing at a CAGR of 5.91% during the forecast period (2023-2028). ![]()
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