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Lucintel Analysis for Global Television and Radio Broadcasting Industry: Industry is Expected to Reach US $563 Billion in 2017(January 31, 2013)
Irving, Texas (PRWEB) January 31, 2013
The global television and radio broadcasting industry experienced good growth over the last five years and is expected to grow moderately with a CAGR of 3.8% over next five years (2012-2017) to reach approximately US $563.6 billion in 2017. The recovery of the industrial and manufacturing sectors has been the major driver for European industry growth.
Lucintel, a leading global management consulting and market research firm, has analyzed the global television and radio broadcasting industry and presents its findings in Global Television and Radio Broadcasting Industry 2012-2017: Trend, Profit, and Forecast Analysis.
The television and radio broadcasting industry is forecast to witness growth due to the increasing availability of multichannel television around the world, contributing to rising levels of TV viewing among most audiences, which is expected to reinforce televisions dominance. The regulatory drive on digitization with increasing mobile and broadband penetration will lead to advertising market increases. Internet-based broadcasting, including Internet TV, online radio, and Internet advertising is expected to be the main revenue stream through 2017, with growing dominance of the Internet experience over all content consumption and new streaming services.
As indicated in the study, technological advances are creating new media environments and allowing consumers to enjoy a more involved experience. Structural changes in media markets are also forcing changes in advertising presentation and content, with Internet regulation, and media profitability. Changes in consumer behavior particularly, within the Internet generation have had a profound impact on media consumption habits.
This industry research report provides an overview of the global television and radio broadcasting industry. The report studies manufacturers serving this segment, providing a five-year annual trend and forecast analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific and the Rest of the World regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and merger & acquisition, cost efficiency. To learn more, visit http://www.lucintel.com.
Lucintel now offers free Live Chat on its website to answer visitors' questions in real time with precision. Visitors can directly chat with our experts through Live Chat to receive assistance and information regarding Lucintels product and service offerings.
Read the full story at http://www.prweb.com/releases/2013/1/prweb10377101.htm.
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