Latin America. According to the "MARKET STUDY BROADCAST INDUSTRY LATIN AMERICA 2022" the global market for transmission equipment was estimated at USD 4,430 million in 2020. It is expected to reach a value of USD, 6130 million by 2026, recording a Compound Annual Growth Rate (CAGR) of 5.66% during 2021-2026.
In relation to the market and in a more specific way, it is worth noting that in 2020, the size of the global radio transmitter market was US $715.6 million and is expected to reach US$739.3 million by the end of 2027.
It is worth noting that "in recent years, broadcast has been exposed as a solution and technological commitment in the transmission of information through wide-band dissemination, and in turn the increase and progress in the development of penetration, adoption and its effective use has been evidenced, which has allowed clear benefits of economic and social inclusion in the countries," the report points out.
On the other hand, the Inter-American Development Bank (IDB) emphasizes that there is "an increase in broadband penetration in the countries of Latin America and the Caribbean (LAC) that is associated, on average, with an increase of 3.9% in gross domestic product (GDP) and 2.61% in productivity, as well as a net creation of more than 67,000 jobs".
The study proposes how TV over IP systems have shown a global growth, "developing digital video standards that allow to improve the efficiency in transmission systems. Internet providers or ISPs have been establishing a set of applications on the same network infrastructure, thus providing greater use and profitability to the network already deployed and creating the option of competing with digital terrestrial TV and satellite television".
Finally, the report argues that: "Faced with other factors contributing to the growth of the streaming industry, it is necessary to address the growing use of smart devices".
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