As per the report, the global — OTA transmission platform market was estimated at $92.50 million in 2018 and is expected to hit $121.54 million by 2026, registering a CAGR of 3.4% during 2019–2026. Rise in demand for better picture quality and wireless transmission platforms, and increase in need for enhanced channel presentation fuel the growth of the global OTA transmission platform market. On the other hand, dearth of sufficient OTA infrastructure impedes the growth to some extent. However, advent of ATSC 3.0 standards, and surge in R&D spending and IT investment in broadcasting industry are expected to create a plethora of opportunities in the industry.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6319
The platform segment held the largest share in 2018-
Based on component, the platform segment contributed to more than two-thirds of the global OTA transmission platform market share in 2018, and is expected to rule the roost by 2026. This is due to increase in penetration of smartphones and rise in trend of online streaming devices across the world. The services segment, on the other hand, would showcase the fastest CAGR of 4.7% from2019 to 2026. The fact that OTA transmission services help users in installing OTA platforms and post installation maintenance & support for the same has boosted the growth of the segment.
The radio segment to retain its dominance till 2026-
Based on application, the radio segment held the largest share in 2018, accounting for nearly two-fifths of the global OTA transmission platform market. Simultaneously, the mobile segment would cite the fastest CAGR of 6.0% during the estimated period. Increasing need to access services, such as Multimedia Messaging Service (MMS) or Wireless Access Protocol (WAP), distribute system updates, and configure data updates in SIM cards is fueling the demand for OTA transmission among telecommunication third parties as well as mobile operators which, in turn, has driven the segment growth.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6319
North America to maintain the lion's share-
Based on geography, North America generated more than two-fifths of the global OTA transmission platform market revenue in 2018, and is projected to lead the trail till 2026. This is due to presence of major market players and on-going developments in OTA transmission platforms in this province. At the same time, Asia-Pacific is anticipated to grow at the fastest CAGR of 6.6% throughout the forecast period, owing to increase in agreement and partnership among telecom operators to build wireless network architecture in this region.
Frontrunners in the industry-
SK Telecom Co. Ltd.
Sinclair Broadcast Group Inc.
One Media 3.0 LLC
LG Electronics Inc.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Release ID: 89036186