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Global media & broadcast to hit $44.3 billion by 2017

Global broadcast projected to grow to $44.3 billion in 2017.

Global broadcasting projected to grow to $44.3 billion in 2017.

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.

“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,” comments Peter White, 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.

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