Global Playout Automation and Channel-in-a-Box Market to Reach $87 Billion by 2030
The global market for Playout Automation and Channel-in-a-Box estimated at US$32.8 Billion in the year 2023, is expected to reach US$87 Billion by 2030, growing at a CAGR of 14.9% over the analysis period 2023-2030. News Channel Application, one of the segments analyzed in the report, is expected to record a 15.9% CAGR and reach US$41 Billion by the end of the analysis period. Growth in the Sports Channel Application segment is estimated at 14.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.1 Billion, While China is Forecast to Grow at 14.1% CAGR
The Playout Automation and Channel-in-a-Box market in the U.S. is estimated at US$10.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.8 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 12.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.
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