TV and radio broadcasting is defined as production and distribution of audio and video content through different modes of electronic communication.
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The global TV and radio broadcasting market has shown rapid growth in the past years with a CAGR of about 6%. The year 2017 recorded highest ever growth in this market with a net value of above $400 billion, as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the TV and radio broadcasting market to grow at same CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The reason for growth in this industry can be attributed to advertising at events, which has grown steadily because of increased consumer viewership, and promotion of events across the globe. The TV and radio broadcasting sponsorship rights for big sports events such as Cricket World Cup, FIFA World Cup and the Olympics were sold in advance at considerable prices. These events and their live telecasts enhanced the demand for TV and radio broadcasting services.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in this report are Time Warner Inc., Walt Disney, Comcast Corp, and DISH Network Corporation.
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