Global broadcast and media technology industry market growing to $44. billion in 07

Global broadcast and media technology industry market growing to $44.3 billion in 2017 20 October 2014

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Following a compounded annual growth of 3.6% over the previous four years, the global broadcast and media technology industry was worth $39 billion in 2012, and is projected to grow to $44.3 billion in 2017.

The results come from the Global Market Valuation & Strategy Report from IABM DC, a joint venture between IABM and Devoncroft Partners. The report is based on the most comprehensive data model ever produced for the broadcast and media technology industry, which encompasses more than 2,500 companies, ranging from start-ups to global conglomerates, and includes software, hardware, and service providers.

IABM DC is now calling for partner participation from the technology vendor community for the 2014 edition of the report. Partners participate by sharing sales data for the report and offering commentary on the trends impacting the industry. By participating, partners have an opportunity to shape and ensure the accuracy of the definitive sizing and trend reference used by the vendor community, investors, and other interested third parties. Partners also receive additional benefits, such as discounts on the report and subscription options.

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, says Peter White, IABM chief executive.

As a loyal IABM member, and on behalf of my team at the Vitec Group, I want to pass on my thanks and commendation for the fine work in this year's market survey. Truly, the work done by the IABM and Devoncroft this year sets a new standard in terms of detail and integrity. The results have been invaluable to my organization this year, and I look forward to continued participation ahead, says Matt Danilowicz, CEO, Vitec Videocom.

Market segments covered include acquisition and production; post production; content and communication infrastructure; audio; storage; system automation and control; playout and delivery; test, quality control and monitoring; and services.

The report is designed to be modular with each of the nine segments containing market sizing data and can be purchased separately. This allows organisations to access targeted and relevant information in a more cost-effective manner while still gaining access to other parts of the report, such as the executive summary, mergers and acquisitions, and emerging technologies.

For more information, please visit the IABM DC website http://iabmdc.com/The_Report.aspx

About IABM DC

IABM DC provides sought-after market intelligence on broadcast and digital media technology market sizing data to suppliers and purchasers of media technology worldwide. IABM DC is a joint venture between broadcast and digital media trade association IABM and Devoncroft Partners, an organisation that specialises in broadcast and digital media market research, strategic consulting and analysis.

For more information visit http://iabmdc.com/

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