Broadcast and media industry to grow to $44.3 billion in 201720 October 2014
This morning the IABM announced the results from its Global Market Valuation and Strategy Report, a joint venture with Devoncroft Partners. Following a compounded annual growth of 3.6 per cent 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 report encompasses more than 2,500 companies, ranging from start-ups to global conglomerates, and includes software, hardware, and service providers.
“The Global Market Valuation and 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,” said Peter White (pictured), IABM chief executive.
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.
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.
Matt Danilowicz, CEO, Vitec Videocom, commented: “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 organisation this year, and I look forward to continued participation ahead.”
Further information can be found on the IABM website.