European broadcast switchers market is anticipated to showcase a CAGR of 7.6% during the forecast period (2020-2026). The key factors that drive the growth of the broadcast switchers market include the growing demand for broadcast switchers in the entertainment industry of the region. The European entertainment industry is growing at a significant rate, and UK, Germany, France, and Spain are major economies contributing to the European entertainment industry. In the European entertainment industry, the online video streaming industry is growing at an exponential rate in the region. Amazon, Netflix, Roku, and Apple TV are some of the major companies contributing to the European online video streaming.
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According to the European Audiovisual Observatory, the subscription video-on-demand is growing at a faster rate in Europe as compared to the US. Also, the fast-growing online video advertising format is likely to further reinforce the internet’s competitive advantage. Even amidst the economic crisis around the globe, the online video streaming industry is growing at a must faster pace. YouTube and Netflix have reduced the quality of its videos to cater to the increased usage of the apps after the outbreak of the COVID-19 pandemic.The high demand for High Definition (HD) and 4K resolutions from both viewers’ and producers’ sidesto maintain the quality of the streaming videos is creating a high demand for the broadcast switchers in the region.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
European Broadcast Switchers Market Report Segment
By Product Type
By Application
European Broadcast Switchers Market Report Segment
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