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Global broadcast and media tech market set for growth

Peter White

Peter White

The global broadcast and media technology market is set to grow to US$44.3 billion (€34.7 billion) by 2017, up from US$39 billion in 2012, according to research by IABM DC.

IABM DC, a joint venture between the International Association of Broadcast Manufacturers and Devoncroft Partners, found that the broadcast and media tech industry produced a compound annual growth rate of 3.6% over the previous four years. The Global Market Valuation & Strategy Report was based on a study of over 2,500 companies, ranging from start-ups to global conglomerates, and includes software, hardware, and service providers.

“The Global Market Valuation & Strategy Report is the only one of its kind to bring together broadcast industry vendors who collaborate under a set framework of strict confidentiality to share revenue data, future forecasts and detailed data on driving factors for their businesses, which is facilitated by the IABM, an independent body,” said Peter White, IABM chief executive.