The video switcher global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Video Switcher Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The video switcher market size has grown strongly in recent years. It will grow
from $3.67 billion in 2023 to $3.97 billion in 2024 at a compound annual growth
rate (CAGR) of 8.2%. The growth in the
historic period can be attributed to the shift from analog to digital
broadcasting, growing demand for high-definition content, integration of
multicamera setups, global expansion of broadcasting, and evolution of
broadcast standards.
The video switcher market size is expected to see strong growth in the next few
years. It will grow to $5.48 billion in 2028 at a compound annual growth rate
(CAGR) of 8.4%. The growth in the
forecast period can be attributed to the rise of live streaming platforms,
transition to 4K and beyond, integration of AI and automation, expansion of
virtual production, and demand for remote production solutions. Major trends in
the forecast period include hybrid production environments, enhanced user
experience, sustainability and energy efficiency, remote production and collaboration
tools, AI-driven content production.
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Scope Of Video Switcher Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Video Switcher Market Overview
Market Drivers -
The surging demand for digital media devices is expected to propel the growth
of the video switcher market going forward. A digital media device is any
instrument that records, processes, transmits, or displays digital information.
The rise in digital media devices, such as smartphones, tablets, and smart TVs,
is driven by increasing consumer demand for on-the-go entertainment and
convenient access to digital content. Video switchers are essential components
of digital media devices, enabling seamless integration, control, and
manipulation of multiple video sources to create compelling and engaging
content for audiences across various platforms and formats. For instance, in
September 2023, according to a report published by ConsumerAffairs, a US-based
consumer news, and advocacy organization, about 97% of Americans owned a
feature phone or smartphone in 2022, and future trends predict that the number
of American smartphone users will increase to more than 364 million people by
2040. Therefore, the surging demand for digital media devices is driving the
growth of video switchers.
Market Trends -
Major companies operating in the video switcher market are focusing on
integrating technological advancements with new designs, such as modular
design, to gain a competitive edge in the market. Modular design refers to a
system or product composed of interchangeable components or modules, allowing
flexibility, customization, and easy assembly or disassembly. For instance, in
April 2023, Ross Video, a Canada-based broadcasting technology company,
launched the Carbonite Ultra 60, a new production switcher that allows media
groups to undertake larger, more complex, and more demanding productions. The
switcher uses cutting-edge technology that allows simple layering and
transitions along with onboard frame syncs, format converters, multiviewers,
and more. The Carbonite Ultra 60 offers versatile connectivity options to
support various input and output sources, including cameras, graphics
generators, playback devices, and more.
The video switcher market covered in this report is segmented –
1) By Product Type: Production Switchers, Computer-based Switchers, Routing
Switchers, Virtual Switchers, Hybrid Switchers, Other Product Types
2) By Technology: Analog Video Switcher,
Digital Video Switchers
3) By Application: Live Event, Studio Production, Digital Signage
4) By End-Users : Sports Broadcasting, Studio Production, News Production, Post
Production, Other End-Users
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Regional Insights -
North America was the largest region in the video switcher market in 2023 and
is expected to be the fastest-growing region in the forecast period. The
regions covered in the video switcher market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the video switcher market report are Roland
Corporation; Sony Corporation; Panasonic Corporation; Belden Inc.; Crestron
Electronics Inc.; Barco NV; Extron Electronics; Asystems; Ross Video; Evertz
Microsystems Limited; Blackmagic Design Pty Ltd; Grass Valley Group; Miranda
Technologies; Imagine Communications; Matrox; Kramer Electronics; Ikegami
Tsushinki Co. Ltd.; NewTek Inc.; AJA Video Systems Inc.; Atomos Limited; TVU
Networks Corporation; PESA; Datavideo Corporation; Lightware Visual
Engineering; Systembase Limited
Table of Contents
1. Executive Summary
2. Video Switcher Market Report Structure
3. Video Switcher Market Trends And Strategies
4. Video Switcher Market – Macro Economic Scenario
5. Video Switcher Market Size And Growth
…..
27. Video Switcher Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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