Broadcast equipment and services market reaches US$63 billion

The global market for professional broadcast equipment and services reached US$63 billion (€45.9 billion) in 2013, up 52% compared to US$41 billion in 2007, according to new research by IHS.

The IHS Technology Professional Video Research practise attributed this “rapid growth” to a significant rise of customer-premises equipment (CPE) shipments – fuelled by the digitisation of pay TV subscribers.

A rise in transport services, driven by more linear channels and non-linear views, has also helped to expand the market, according to IHS.

“While the factors that have powered the growth of the market are expected to remain in force through 2017, total spending on equipment is expected to slow significantly. Many core markets in North America, Western Europe and East Asia are facing slower CPE shipment growth,” said IHS.

The research firm predicts that by 2017, the managed service segment will grow to US$32 billion, accounting for nearly half of the expected US$69 billion total for the professional video market.