Cable Television Broadcasting Services Revenue to Register Over 5% CAGR in Next 10 Years, Reveals Future Market Insights
By the end of 2032, the United States is projected to account for the largest market share of US$ 306.5 Bn. Established television broadcasting network operators and multichannel players in the country have pushed business innovation and progress through the use of video streaming for sophisticated marketing strategies.
NEWARK, DE / ACCESSWIRE / September 12, 2022 / The Television Broadcasting Services Market revenues were estimated at US$ 537.8 Bn in 2021 and is anticipated to grow at a CAGR of 5.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1 Tn. The demand for cable television broadcasting services is projected to grow at a CAGR of 5.4% during the forecast period.
The television industry's future has been rapidly transitioning from broadcast to bandwidth, as broadcasting methods and consumer tastes move to on-demand audio and video content. Individuals are rapidly migrating away from cable television or satellite television in favour of over-the-top and internet protocol television services, which is mostly due to the entertainment media industry's fast digitization. The increasing desire for businesses to reach out to huge audiences and potential consumers drives the expansion of television broadcasting services.
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The increasing desire for businesses to reach out to huge audiences and potential consumers drives the expansion of television broadcasting services. With the introduction of digital transmission and the internet, the television business saw a notable transformation in recent years.
With the widespread use of the internet and the development of digital ecosystems throughout the world, online television transmission has grown in popularity over the last decade. The senior population, who spend a significant time viewing conventional television, is driving the expansion of cable television broadcasting services.
Considering that pay-TV subscription is coupled with their internet connection, the majority of North Americans continue to utilize cable TV. Aside from that, people prefer to watch live programs on pay TV. Furthermore, cable television broadcasting providers intend to offer video-on-demand (VoD) offerings in order to preserve their place in the worldwide market.
Consumers currently have a strong demand for OTT platforms and production studios, therefore broadcasters are concentrating their efforts on producing enormous amounts of higher-quality content.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Television Broadcasting Services Market are focused on R&D to produce innovative technological solutions.
In May 2022, Thomson Broadcast recently agreed to acquire GatesAir from a unit of the global investment firm The Gores Group.
In December 2020, Fox Broadcasting Company and Sinclair Broadcasting Company jointly decided to extend Fox channel affiliation for stations in 25 U.S. markets over a multi-year period.
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Market Segments Covered In Television Broadcasting Services Market Analysis
By Delivery Platform:
Digital Terrestrial Broadcast
Satellite Broadcast
Cable Television Broadcasting Services
Internet Protocol Television
Over-the-top Television
By Broadcaster Type:
Public
Commercial
By Revenue Model:
Subscription
Advertisement
By Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Television Broadcasting Services Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Television Broadcasting Services Market in terms of Delivery Platform (Digital Terrestrial Broadcast, Satellite Broadcast, Cable Television Broadcasting Services, Internet Protocol Television, Over-the-top Television), and Broadcaster Type (Public, Commercial) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Table of Content
1. Executive Summary
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 / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter's Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
4. Global Television Broadcasting Services Market Analysis 2016-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2016-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Television Broadcasting Services Market Analysis 2016-2021 and Forecast 2022-2032, By Delivery Platform
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Delivery Platform, 2016-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Delivery Platform, 2022-2032
5.3.1. Digital Terrestrial Broadcast
5.3.2. Satellite Broadcast
5.3.3. Cable Television Broadcasting Services
5.3.4. Internet Protocol Television (IPTV)
5.3.5. Over-the-top Television (OTT)
5.4. Y-o-Y Growth Trend Analysis By Delivery Platform, 2016-2021
5.5. Absolute $ Opportunity Analysis By Delivery Platform, 2022-2032
Click Here for Television Broadcasting Services Market 250 Pages TOC Report
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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