The Latin America, Middle East and Africa Broadcast Equipment Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
Broadcasters are putting more emphasis on product development to replace traditional SDI-based settings by live production systems that provide system management & efficiency. In addition, the rising adoption of high-efficiency video coding (HEVC) standards is driving up need for encoders in the industry. Furthermore, multi-channel video encoders have allowed users to generate numerous separate streams, resulting in less hardware. At the same bit rate, HEVC can deliver up to 50% improved data compression over AVC or H.264 while preserving and enhancing video quality. This capability allows 4K and HDR video to be delivered across existing delivery networks.
Despite the uncertainty created by COVID-19, the market is very well positioned to profit during an economic recovery and the industry's shift to Internet protocol and Cloud-based solutions. The business has reached a point where many broadcast and media companies have adopted the new habits and ways of working. Cloud infrastructure is projected to allow remote workflows and decrease reliance on on-premises systems in the future.
In the United Arab Emirates, new media such as YouTube, Facebook, Twitter, and Instagram are extensively used by government agencies and the general public. H. H. Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the United Arab Emirates and Ruler of Dubai, regularly communicates with the public via social media. The UAE government maintains official social media profiles to engage with the people and to listen to their concerns.
The Prime Minister established the Arab Social Media Award in 2014 to leverage the great potential of social media for the Arab world's benefit. The awards recognize and promote the most significant social media efforts in the Arab world, as well as best practices for technologies and social platforms. Government bodies in the UAE are obligated to follow the 'Guidelines for e-participation and Social Media' in their interactions with the public.
The Brazil market dominated the LAMEA Broadcast Equipment Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $115.6 million by 2027. The Argentina market is estimated to grow at a CAGR of 7.8% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 6.9% during (2021 - 2027).
Based on Technology, the market is segmented into Analog and Digital. Based on Product Type, the market is segmented into Encoders, Antennas, Amplifiers, Transmitters/Repeaters, Switches, Video Servers, Modulators, and Others. Based on Application, the market is segmented into Television, and Radio. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Broadcast Equipment Market is Predict to reach $6 Billion by 2027, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CommScope Holding Company, Inc., Evertz Technologies Limited, Harmonic Inc., EVS Broadcast Equipment SA, Grass Valley, Wellav Technologies Ltd., Eletec S.a.r.l., Clyde Broadcast Technology Ltd., Telefonaktiebolaget LM Ericsson, and Cisco Systems, Inc.
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