The newly released television broadcasting services market analysis report by Future Market Insights reveals that global sales in 2023 were held at USD 597,944.9 million. With 5.5% projected growth from 2023 to 2033, the market is expected to reach a valuation of USD 10,24,578.40 million by 2033.
Cable Television Broadcasting Services are expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 5.4% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Television Broadcasting Services Market Size (2023) | USD 597,944.9 million |
| Global Television Broadcasting Services Market Size (2033) | USD 10,24,578.40 million |
| Global Television Broadcasting Services Market CAGR (2023 to 2033) | 5.4% |
| USA Television Broadcasting Services Market Size (2033) | USD 306.5 billion |
| Global USA Television Broadcasting Services Market CAGR (2023 to 2033) | 5% |
| Key Companies Covered | A&E Television Networks LLC; AT & T Inc.; British Broadcasting Corporation; CANAL+ GROUP; CBS Interactive; Channel Four Television Corporation; CenturyLink Inc.; 21st Century Fox; Comcast Corporation; Canadian Broadcasting Corporation |
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As per the Television Broadcasting Services Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value of the Television Broadcasting Services Market increased at around 6.3% CAGR.
Demand for high-quality audio and video content, as well as the advent of new technologies such as the Internet of Things (IoT) and Over-the-Top services, is projected to drive the demand for television broadcasting services shortly.
Furthermore, the growing need for various businesses to connect to a broader client base and attract new prospective audiences is likely to boost market revenue.
The television industry underwent a significant change with the arrival of digital transmission and the Internet. With the growing usage of the Internet and the growth of digital ecosystems throughout the world over the last decade, online television broadcasting has risen in popularity.
Cable and broadcast television coexist with alternatives to cable such as Netflix, Amazon Prime Video, HBO Max, and others. Many others have cut the cord entirely, preferring to get all of their TV demands fulfilled online.
According to the Motion Picture Association of America, the film and television industries employ 2.5 Million people each year and payout over USD 188 Billion in compensation, which is a significant economic impact.
The global television broadcasting services industry is expanding rapidly as a result of factors such as the rising focus on high-definition (HD) programming and advertising as a new revenue source.
OTT services and production houses are currently in significant demand from viewers, thus broadcasters are concentrating their efforts on producing vast amounts of higher-quality content.
Traditional broadcasting media delivers low-quality data; however, technical improvements and the advent of new technology and streaming media devices have enabled the availability of high-quality material. As a result, continual improvements in the broadcast and media industries are also likely to provide new opportunities in the television broadcasting sector.
Thomson Broadcast has agreed to purchase GatesAir from a subsidiary of The Gores Group, a worldwide investment group. The merger of GatesAir and Thomson Broadcast will result in a larger, more complete platform with enhanced capabilities in innovation, design, and product efficiency, as well as a broader array of holistic, preconfigured broadcast services.
Principal Consultant
North America holds the largest market share globally, followed by Asia Pacific. Technological advancements in satellite and media will increase demand for television broadcasting services in North America.
Organizations wishing to undertake live broadcasts and production in the USA can now purchase LiveU services through Broadcasting Depot. The key distributor partner already has a substantial foothold in Latin America, supplying live video solutions to broadcasters and producers across all vertical sectors.
The expansion into the USA enhances its partnership with LiveU and offers both organisations new opportunities in the region.
By the end of 2033, the USA is projected to account for the largest market share of USD 306.5 Billion. 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.
Bitcentral Inc. recently confirmed that its latest products, Live Guide To-Go and & Fusion Hybrid Storage System, will be unveiled at the NAB Show 2023. Live Guide To-Go is a simple channel management solution and application SDK for producing an Electronic Program Guide in third-party apps.
Publishers can use a simple SDK to create a linear TV experience that complements their existing VOD offering across websites, mobile, smart devices, and linked TV. The Live Guide To-Go solution enables them to scale out their distribution to share content, drive relatively long viewing session durations, and create new income opportunities through advertising.
Besides, Fox Broadcasting Company with Sinclair Broadcasting Corporation has recently reached a multi-year agreement to extend Fox channel affiliations for stations in 25 USA locations.
These renewals highlight the mutually advantageous network-affiliate arrangement, wherein the network's primetime and sports content is integrated with their stations. Sinclair will be allowed to continue broadcasting NFL games as well as other live sports throughout its Fox affiliates, whereas Fox may preserve its distribution pipeline.
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The Cable Television Broadcasting Services segment is forecasted to grow at the highest CAGR of over 5.4% from 2023 to 2033. Conventional cable television operators and traditional telecommunications firms are increasingly competing for customers' voice, picture, and data services.
Irrespective of whether CATV or telecoms provide it, the combination of broadcast, telephone, and Internet connection is known as triple play.
Cable television remains a realistic choice. It is also one of the few areas where the viewers can catch a glimpse of the action. People are more likely to watch award shows like the Grammys and the Oscars and events like weekly reality television. Local news, on the other hand, is a television phenomenon.
Broadcast TV advertising is more expensive than cable, yet it is still worthwhile for certain small businesses. The price per exposure is minimal due to the larger audience. A TV marketing effort, on the other hand, relies heavily on the frequency of exposure.
Businesses must repeatedly expose their clients to their advertising messages well before information sinks in. The conventional rule of thumb was that three exposures were required for most consumers to choose a commercial message; the more congested marketplace and ubiquity of promotional messaging in other venues have most certainly increased this.
Sling TV is getting a major interface update that will bring it up to speed with the competition and help it remain the finest cable replacement option. Sling TV is inexpensive, to begin with, at USD 35 per month, and the first month is currently half-price.
The service provides two basic channel bundles (Orange & Blue), then allows subscribers to select minor extras, which typically cost USD 5 a month.
The Public Broadcaster segment is forecasted to grow at the highest CAGR of over 5.3% from 2023 to 2033. BT Media & Broadcast demonstrated how the Vena smart television network can combine high-performance networking, private 5G, and cloud to offer live sport in the finest possible performance and affordability.
The demonstration is claimed to be a significant step forward in the development of BT's 5G private network plan. The network's capabilities were shown during the broadcasting of the Gallagher Premiership Rugby game between Saracens and Northampton Saints, which was intended to focus on the benefits that 5G and cloud-based solutions provide to broadcasters.
Among the leading players in the global Television Broadcasting Services market are A&E Television Networks, LLC, AT & T, Inc., British Broadcasting Corporation, CANAL+GROUP, CBS Interactive, Channel Four Television Corporation, CenturyLink, Inc., and 21st Century Fox.
These market players are spending on product launches, collaborations, mergers and acquisitions, and expansions to obtain a competitive advantage in the sector.
Similarly, the Future Market Insights team has kept track of recent changes in the Television Broadcasting Services industry, which are detailed in the entire research.
The television broadcasting services market CAGR for 2033 is 5.4%.
The market is estimated to secure a valuation of USD 597,944.9 million in 2023.
The projected market value of the market for 2033 is USD 10,24,578.40 million.
Key players are developing the market by investing in digitalization and innovation.
A&E Television Networks, AT&T Inc., and British Broadcasting Corporation are the key companies in this market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Delivery Platform 5.1. Digital Terrestrial 5.2. Satellite 5.3. Cable 5.4. Internet Protocol 5.5. Over-the-top 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Broadcaster Type 6.1. Public 6.2. Commercial 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Revenue Model 7.1. Subscription 7.2. Advertisement 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. A&E Television Networks LLC 18.2. AT & T Inc. 18.3. British Broadcasting Corporation 18.4. CANAL+ GROUP 18.5. CBS Interactive 18.6. Channel Four Television Corporation 18.7. CenturyLink Inc. 18.8. 21st Century Fox 18.9. Comcast Corporation 18.10. Canadian Broadcasting Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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