Digital pay-TV take-up drives video market to $63BN

Showing precisely what a rich seam the industry is, new research from IHS Technology has revealed that the global market for professional broadcast equipment and services reached $63 billion in 2013.

Looking forward, the analyst says the next wave of expansion through 2017 will be driven by the provision of media-managed services, particularly those involving the transport, processing and management of digital content. By 2017, the managed service segment will grow to $32 billion, accounting for nearly half of the expected $69 billion total for the professional video market.