The global playout automation & channel-in-a-boxmarket size is likely to project a CAGR of nearly 14.6% during the forecast years 2021-2028. playout automation & channel-in-a-box market is driven by the reduced cost of ownership and emtry of small & mid-sized business (SMBS). The adoption of playout automation & channel-in-a-box services acts as a driver as presence and availability of global brands is increasing.
The present and future playout automation & channel-in-a-box market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the playout automation & channel-in-a-box market opportunities during the forecast year are factors such as the significant growth in broadcasting industry, increasing need of high quality channel presentation, and technological advancements.
Also, the utilization of sonic quality and features for an immersive experience are another factors driving the market growth. Furthermore, the service providers are emphasizing on providing consumers with High-Definition (HD) and Ultra-High-Definition (UHD) content and games which is likely to provide lucrative development opportunities for the playout automation & channel-in-a-box market in the forthcoming years.
The report also emphasizes several distinctiveness of the global playout automation & channel-in-a-box industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the playout automation & channel-in-a-box industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The playout automation & channel-in-a-box market has tough competition among the new emerging and pre-established market vendors. Besides, the playout automation & channel-in-a-box industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the channel, the market is categorized into single channel and multiple channel.. The multiple channel is predicted to achieve the largest growth during the forecast years 2021-2028. On the other hand, the single channel seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years.
The Europe and North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the playout automation & channel-in-a-box market in this region is mostly ascribed to the increased need for improved channel presentation, greater productivity, improved accuracy, and reduction in the overall cost in this area by companies in countries such as France, Germany, Italy and UK to compete against other regional players. However, the South America region is likely due to the collaborations between playout automation & channel-in-a-box to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the increasing number of television viewers and rising demand for sports broadcasting.
The major players of the global playout automation & channel-in-a-box market are Harmonic, Inc., Pebble Beach Systems, Grass Valley USA LLC, Cinegy LLC, Snell Limited, Anyware Video company, Aveco s.r.o, Axel Technology Srl, BroadStream Solutions Inc., Evertz Microsystems Ltd, Florical Systems Inc, Imagine Communications, Pixel Power Ltd., PlayBox Technology (UK) Ltd, and Pixel Power Ltd. Renowned companies are offering new and modern playout automation & channel-in-a-box software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Playout automation & channel-in-a-box Market
Channel Overview, 2021-2028 (USD Million)
- Single Channel
- Multiple Channel
End User Overview, 2021-2028 (USD Million)
- International Broadcasters
- National Broadcasters
Channel Application Overview, 2021-2028 (USD Million)
- Cartoons & Lifestyle
Regional Overview, 2021-2028 (USD Million)
- North America
- Asia Pacific
- South Korea
- Rest of World