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Industry To Grow To $44.3bn By 2017

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The global broadcast and media technology industry was worth $39 billion in 2012 and is projected to grow to $44.3 billion in 2017, according to new research by the IABM (International Association of Broadcasting Manufacturers).

Just released, the 'Global Market Valuation & Strategy Report' is the result of a collaboration between IABM and Devoncroft Partners and is based on data encompassing over 2,500 companies.

Digital media market intelligence group IABM DC has announced a call for partner participation from the technology vendor community for the 2014 edition of the report.

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.

"Partners participate by sharing sales data for the report and offering commentary on the trends impacting the industry," a statement said. "By participating, partners have an opportunity to shape and ensure the accuracy of the definitive sizing and trend reference used by the vendor community, investors, and other interested third parties. Partners also receive additional benefits, such as discounts on the report and subscription options."
"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," said Peter White (pictured), IABM chief executive.

"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," said Matt Danilowicz, CEO, Vitec Videocom. "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."


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