In a recent published report, Kenneth Research has updated the market report for Channel-In-A-Box (CiaB) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Channel-In-A-Box (CiaB) Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Channel-in-a-Box (CiaB) is a playbox technology channel that provides turnkey playout server solution for a single TV broadcasting. These channels are available in standard definition, high definition and ultra-high definition. In Channel-in-a-Box concept the elements needed to keep a channel on-air are integrated by combining, scheduling, CG, playout, ingesting and interacting graphics all in one box. SDI or IP streaming comes out as an output which are appropriate for internet TV, cable TV, broadcast TV and others.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Market Size & Forecast
Channel-in-a-Box (CiaB) Market is anticipated to record a significant CAGR of 18% over the forecast period. Many multi-national companies are concentrating towards new product advances in Channel-in-a-Box (CiaB). Moreover, the Channel-in-a-Box (CiaB) market returning back in the gaming industry at a rapid pace owing to new advancements that are exploited in the field of gaming. New variations for this technology are being discovered which is expected to drive the Channel-in-a-Box (CiaB) market rapidly.
Currently the global Channel-in-a-Box (CiaB) market is observing vibrant growth on account of increasing demand of gaming panels back in the market. Advances in electronic industry in the past few years and growing technological explorations are projected to drive Channel-in-a-Box (CiaB) market besides the wide range of growing features in Channel-in-a-Box (CiaB) solutions appealing to growing gamers and tech-savvy population during the forecast period. On the basis of regional platform, global Channel-in-a-Box (CiaB) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
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As the highest rate of gamer population presence across the region, North America is panned to observe substantial Channel-in-a-Box (CiaB) market growth due to rising Channel-in-a-Box (CiaB) features and advancements. North America is expected to be followed by Asia-Pacific in terms of consumption due to expanding Channel-in-a-Box (CiaB) demand owing to rise in disposable income. On the back of multiplying Channel-in-a-Box (CiaB) demand in growing urban consumer population, Asia Pacific is budding as a regional Channel-in-a-Box (CiaB) consumption market.
Europe is expected to drive demand and positively impact Channel-in-a-Box (CiaB) market growth over the forecast period owing to moderate increase in Channel-in-a-Box (CiaB) solutions demand across the region. However, weak economic conditions in countries such as Russia, Spain and others is expected to showcase a more modest growth of the Channel-in-a-Box market across the region over the forecast period.
Companies covered:
1. KUKA
2. ABB Ltd
3. Cisco Systems, Inc.
4. IBM Security
5. The Raytheon Company
6. Stratasys, Ltd.
7. The Emerson Electric Co.
8. Alpine Data Labs
9. SAP SE
10. Maersk
Growth Drivers & Challenges
The increasing demand for Channel-in-a-Box (CiaB) in rising gaming population is expected to drive the market rapidly over the forecast period. The growing R&D activity associated with Channel-in-a-Box (CiaB) and increase in the disposable income of the present population is further expected to increase the market growth owing to the discovery of new applications and features to make the gaming experience more lively, appealing and engrossing. Rapid urbanization with increasing economic development and thriving manufacturing sector is expected to boost the Channel-in-a-Box (CiaB) market in the developing regions. Growing market players in the gaming industry are increasingly investing in technologies that are predicted to seemingly reduce the costs of the playout systems untangling the complexities in the solution that would make the operations during critical times more performance enhanced and reliable.
Channel-in-a-Box is a playout automation technology that is considered to be revolutionary in master control automation that enables latest innovation across using graphics, routing, servers, switchers, audio and channel branding. This is done in single application software that produces content by inserting video, advertisements, inserting logos, overlays and more before the broadcast on a pre-determined schedule to the audiences. CiaB is turning as one of the most persuasive mediums for broadcasters and broadcasting companies to generate revenue on account of increasing technological advances in the recent years. The technology is providing benefits to the manufacturing engineers by combining sonic quality and features with a powerful yet compact outboard units.
However, fairly recent introduction of CiaB technology in the market has lack of awareness in the gaming population regarding the products. Furthermore, the presence of more reliable, scalable and cost effective solutions in the market accompanied with comparatively higher costs of CiaB technology put forward by competitive market players is expected to display a slower growth rate of CiaB technology over the forecast period. Conversely, CiaB is a comparatively contemporary technology that would take time to evolve and support complex systems of broadcast channels that is estimated to showcase a moderate growth.
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