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Broadcast and media industry to grow to £27.4bn in 2017

It has grown from £24.2bn in 2012, according to the Global Market Valuation and Strategy Report

The International Association of Broadcasting Manufacturers (IABM) this morning announced the results from its Global Market Valuation and Strategy Report, a joint venture with Devoncroft Partners. Following a compounded annual growth of 3.6 per cent over the previous four years, the global broadcast and media technology industry was worth $39 billion (£24.2bn or €30.5bn) in 2012, and is projected to grow to $44.3 billion (£27.4bn or €34.7bn) in 2017.

The report encompasses more than 2,500 companies, ranging from start-ups to global conglomerates, and includes software, hardware and service providers.

The Global Market Valuation and 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,” says Peter White, IABM chief executive (pictured).

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.

More information can be found on the IABM website.

(Holly Ashford)