Press release
Television Broadcasting Market is Anticipated Reaching $387.95 Billion by 2028 at a CAGR of 5.9% within the Forecast Period 2024-2033
Television Broadcasting Market Report
The Business Research Company offers in-depth market insights through Television Broadcasting Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The television broadcasting market size has grown strongly in recent years. It will grow from $290.38 billion in 2023 to $308.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increase in tv show budgets by studios, increase in popularity of audio and video broadcasting, and rise in disposable income.
The television broadcasting market size is expected to see strong growth in the next few years. It will grow to $387.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing popularity of internet of things (iot), increasing use of tvs, growing television viewership and subscription to ott subscribers, urbanization demanding high quality content, and technology development. Major trends in the forecast period include widening their consumer reach and increasing their revenue through mergers, focus on digital transformation, focus on interactive, data-driven, and dynamic content, and consider expansion in over-the-top (ott) delivery.
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Market Segmentation:
The television broadcasting market covered in this report is segmented -
1) By Type: Television Station, Television Network
2) By Broadcaster Type: Public, Commercial
3) By Revenue Source: Subscription-Based, Advertisement-Based
Major Driver - Rising Television Set Demand Fuels Growth In The Television Broadcasting Market
The rising demand for television sets contributes to the growth of the television broadcasting market. Television is a prominent medium for the transmission of information, news, and entertainment. Therefore, an increase in demand for television sets increases the demand for television broadcasting. For instance, in March 2023, according to TCL Technology, a China-based manufacturing company for mobile phones, televisions, washing machines, and other electronics, TCL's TV division shipped 23.8 million units in 2022, defying the overall decreasing trend. Hence, the rise in demand for television sets will support the growth of the market.
Competitive Landscape:
Major companies operating in the television broadcasting market report are Comcast Corporation, Walt Disney, Time Warner Inc., ViacomCBS, NBC Universal Media LLC, Dish Network, Fox Corporation, BBC, American Broadcasting Company (ABC), A&E Television Networks, Ryukyu Broadcasting Corporation, ITV Network Limited, Marquee Broadcasting, NovyiVek, Meredith Corporation, Fukushima Central Television Co., Metromedia, Jiangsu Radio And Television Station and China Beijing TV Station, Moskva Media, Guangdong Broadcasting and Television Network Co., MTV Networks Africa (Pty) Limited, Television Kanagawa, STS Media, Hunan Broadcasting System, UKTV, Inc., Baishan Broadcast Television Station, Beijing Media Network, Kumamoto Telecasting Corp., Nankai Broadcasting Co., Telekanal 360, Ltd., Jiangsu Broadcasting & Television Group Co., Channel Four Television Corporation, The North United Cable Network. Inc., BT Group, 3sat online, ARD.de, Bavarian Radio and Television Network, Deutsche Welle, Star India Private Limited, 1-2-3.TV GmbH, RTL Television GmbH, Gazprom Media, Seven (National) Pty Limited, WeltN24 GmbH, Sport1 GmbH, Don Media, Hearst Television, ABC Owned Television Stations, American Spirit Media, New Age Media, Natsionalnaya Media Gruppa, Bahakel Communications, Block Communications, Bonten Media Group, Capital Cities/ABC Inc., Sky Channel Pty. Ltd., Sony Pictures Networks India Private Limited and TV18 Broadcast Limited, Cowles Company, Cox Media Group, CBS Corporation, Newport Television, Shandong Radio and TV Station, Gray Television Inc.
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Top Trend - Strategic Collaborations Redefining The Landscape Of Television Broadcasting: Nippon Tv And Disney Forge New Alliances
Major companies operating in the television broadcasting market are focusing on strategic collaborations such as Nippon TV Holdings Inc.'s collaboration with the Walt Disney Company (Japan) Ltd. to better meet the needs of their existing consumers. This agreement represents a huge step forward for both firms. Nippon TV is a prominent broadcaster and content creator in Japan, whereas Disney is one of the world's greatest entertainment conglomerates. Both firms will benefit from the relationship by reaching new audiences and strengthening their positions in the Japanese and worldwide entertainment marketplaces. For instance, in March 2022, Nippon TV Holdings Inc., a Japan-based broadcasting holding company, announced a collaboration with the Walt Disney Company (Japan) Ltd. The agreement encompasses the co-production of regional language content on Disney+ for both Japanese and worldwide audiences, as well as the availability of both businesses' content on the platforms they both operate. The Walt Disney Company (Japan) Ltd. is a Japan-based entertainment and media company.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Television Broadcasting Market Characteristics
3. Television Broadcasting Market Trends And Strategies
4. Television Broadcasting Market - Macro Economic Scenario
5. Television Broadcasting Market Size And Growth
…..
27. Television Broadcasting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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