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Technavio Research: Global Playout Automation Control Market Worth USD 1.68 Billion During 2020-2024 | Technavio
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Technavio has announced its latest market research report titled Global Playout Automation Market 2020-2024 (Graphic: Business Wire).
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The rising need for multilingual playout is one of the major factors propelling market growth. However, factors such as high adoption of free Internet TV services will hamper the market growth.
More details: https://www.technavio.com/report/playout-automation-market-industry-analysis
Playout Automation Market: Geographic Landscape
North America will offer several growth opportunities to market vendors during the forecast period. The scope for technological evolution in the global market will significantly influence playout automation market s growth in this region. 40%
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In 2019, the global music composing software market generated a revenue of $177.4 million and by 2030, it is predicted to attain a value of $1,871.5 million. Furthermore, the market is predicted to advance at a CAGR of 23.8% between 2020 and 2030.
The main factors fueling the progress of the market are the rising usage of online music streaming services, stable growth of the media and entertainment industry, and strong public preference for classical music shows around the world.
Additionally, the burgeoning demand for effective collaborations amongst musicians is causing the expansion of the market. Major factors such as digitization, connectivity with multiple devices, rapid technological advancements, and the emergence of several entertainment platforms are fueling the progress of the music composing software market. As per the PricewaterhouseCoopers (PwC) Global Entertainment & Media Outlook 2019-202