PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449345
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449345
The global Playout Automation & Channel-in-a-box market size is expected to reach USD 10.39 billion by 2032, according to a new study by Polaris Market Research. The report "Playout Automation & Channel-in-a-box Market Share, Size, Trends, Industry Analysis Report, By Coverage Area (International Broadcasters, National Broadcasters); By Offering; By Chanel Application; By Channel Type; By Vertical; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The widespread application of playout automation and channel-in-a-box technologies in television and radio is aimed at overseeing the quality and graphics of content presented to viewers. An increasing desire for cost-effective management, streamlined operations, and enhanced channel presentation capabilities fuels anticipated market growth in the forecast period.
The continuous stream of technological advancements and innovations by market players is opening up numerous growth opportunities. For instance, the incorporation of sonic features and improved quality to create a more immersive experience is contributing to the market's expansion. Consumers now expect content and games in both Ultra-High-Definition (UHD) and High-Definition (HD) from service providers, creating ample opportunities for market players in the targeted market.
The substantial growth and expansion observed in the broadcasting industry are key factors poised to generate substantial opportunities for global market growth. In contrast to traditional systems, contemporary playout automation and channel-in-a-box systems demonstrate the capability to seamlessly integrate routers, servers, mixers, and content inserts, resulting in a more efficient and streamlined output delivery. This modern approach not only enhances the overall efficiency of broadcasting operations but also presents significant opportunities for innovation and advancement within the industry.
Moreover, the swift entry of numerous small and medium-sized enterprises into the industry, coupled with the growing demand for superior channel presentation, is contributing significantly to market expansion. Channel-in-a-box (CiaB) not only provides advanced playout solutions but also offers a high degree of customization and integration. Furthermore, various technological advancements, such as the incorporation of sonic quality and features for an immersive experience, serve as additional factors driving growth. Service providers are emphasizing delivering High-Definition (HD) and Ultra-High-Definition (UHD) content and games to consumers. Factors such as rapid urbanization and increasing consumer spending capacities are also anticipated to propel market growth further.
In 2023, the Playout Automation & Channel-in-a-box Market was predominantly influenced by the multiple-channel segment. A notable contributor to this growth is the advent of Multi-Channel Playout solutions, addressing the requirements of networks managing multiple channels simultaneously.
The education and corporate sector segment is expected to undergo substantial growth in the upcoming forecast period. Playout automation and channel-in-a-box solutions are pivotal in transforming content delivery and consumption within these sectors. Educational institutions are progressively embracing these technologies to facilitate smooth live streaming of lectures, virtual classrooms, and on-demand educational content.
In 2023, North America emerged as the dominant force in the global market, claiming the largest market share. The region's commanding position is propelled by the dynamic evolution of the broadcasting industry and the continual integration of digital platforms. Key drivers for growth include the increasing adoption of high-definition broadcasting, the implementation of virtualization, and the adoption of cloud-based playout solutions.
The global key market players include Amagi, Anyware Video, Aplomb Technology, Aveco, Avid Technology, Axel Technology, Brightcove, BroadStream Solutions, Cinegy, and Coralbay.tv, ENCO Systems, Evertz, Evrideo, Florical Systems, Grass Valley, Hardata, Harmonic, Hexaglobe, Imagine Communications, LTN Global Communications, Muvi, Pebble Beach Systems, Pixel Power, PlanetCast, PlayBox Neo, PlayBox Technology, SI Media, TSL Products, TVU Networks, Veset, and Zixi.
Polaris Market Research has segmented the Playout Automation & Channel-in-a-box market report based on channel type, offering, channel application, coverage area, vertical, and region: