Press release from Business Wire India
Source: Frost & Sullivan
Friday, October 25, 2013 04:30 PM IST (11:00 AM GMT)
Editors: General: Economy, Entertainment, People; Business: Business services, Information technology, Media & entertainment, Telecommunications; Technology
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Indian Broadcast Equipment Market to Grow at 9 Percent by 2017, Finds Frost & Sullivan at its Digital Media India Summit
Mumbai, Maharashtra, India, Friday, October 25, 2013 -- (Business Wire India) -- Frost & Sullivan hosted the second edition of its 'Digital Media India Summit' in Mumbai this year. The summit included participants from broadcasters, pay TV operators and production houses and featured Frost & Sullivan's Digital Media India Awards for the Broadcast Equipment Market. The summit addressed key industry trends such as optimizing high definition (HD), deploying TV-everywhere, leveraging digital analytics, and monetizing digital Pay TV services.
On the occasion, Vidya Nath, Research Director, ICT Practice, Frost & Sullivan, presented findings from Frost & Sullivan's soon to be released report on the Indian Broadcast Equipment Industry Outlook. The market is likely to grow from nearly US $100 million in 2013 to US $168 million in 2017 at a CAGR of 9 percent, with a significant interest in HD cameras and video servers. She said, "India is highly fragmented by content type, region, and size of broadcasters. About 25 percent have a broadcast equipment budget of over US $160, 000 (INR 1 Crore), while nearly 40 percent plan to spend less than US $41, 000 (INR 25 lakh) this year. It is true that sometimes equipment purchase outlays are cyclical and typically, significant purchasing cycles are repeated every three to four years. Yet, Frost & Sullivan believes there will be little change in this trend in the short term."
The summit also hosted panel discussions on several topical trends such as 'HD: recovering ROI'; 'Online video monetization and management'; and 'Pay TV: Monetizing it effectively'.
The panel on HD discussed the viability of high definition for broadcasters and the costs involved in running Standard Definition (SD) and HD channels side-by-side. The panel was divided on whether or not HD will become a de facto standard in India, with the possibility of an explosion of HD channels over the next two years. Since less than 10 percent of households have HDTVs presently, a few of the panelists were of the opinion that HD content distribution still had to overcome several challenges in India in order to become a standard practice. The panelists in this session included M.S. Thomas, Deputy Director General, Doordarshan, George Kuruvilla, General Manager, BECIL, Ajay Meher, Sr. VP & Head - IT and Post Production, Sony Entertainment Television, and Sameer Kanse, Business Head, Tata Communications Media Services.
During another discussion on 'Online Video Monetization and Management', the panel discussed the complexities of online video content ecosystem, distribution, and the necessity to create compelling content for the alternative medium. Presently, many Indian broadcasters rely on online video platforms and content delivery networks to process and distribute their multimedia content. They continue to have total ownership of the content production through their own studios or production houses for almost all processes related to content acquisition, production, management, and distribution. However, slowly, COOs are evaluating long-term costs of technical upgrades to be competitive as well as to adapt to the changing customer type for TV-everywhere. Frost & Sullivan believes that this trend, while in its infancy today, will witness a rapid uptake from 2015 to 2020 in India. Frost & Sullivan's Mukul Krishna, Global Senior Director, Digital Media chaired this panel which had Jay Chauhan, CEO, Skyhub, Seeraj Katoch, COO, Tangerine, Surendra Kancherla, VP, Prime Focus Technologies, and Manoj Dawane, Vice President and Head of Engagement Practices at Ericsson India, as panelists.
Mukul Krishna also made two keynote presentations on 'Online Video Trends' and the 'Top 10 Predictions for the Digital Media Industry'. He emphasized the need for higher customer engagement, use of analytics, and investment in media asset management by media companies in India.
The final panel discussion on 'Pay TV: Monetizing it Effectively' compared the digital cable services in the US and India, and the panelists debated about the weakness in the Indian cable ecosystem that acts as an impediment in application of new business models due to digitization. Sujata Dev, Co-Chairperson, Media and Entertainment, ASSOCHAM, moderated this discussion that saw participation by Roop Sharma, Head, Cable Operators Federation of India, Asif Khan, CTO & CIO, Digicable, Raman Kalra, Head, Media & Entertainment, Executive Director & Partner IBM Global Business Services, India/South Asia, and Aslam Khader, Product Head, Elemental Technologies.
The summit also touched upon new age digital and social marketing with a tete-a-tete with Shailja Gupta, Chief Digital Strategist for Shah Rukh Khan and CEO, Pocket Box Office, and Jay Chauhan, CEO, Skyhub.
Frost & Sullivan also presented the Digital Media India Awards for Broadcast Equipment at this summit, for various solutions in this market. Six awards were presented that acknowledged companies who have pushed the boundaries of excellence, risen above the competition, and demonstrated outstanding performance in the Broadcast Equipment Market in India.
The Award contenders were evaluated based on a variety of parameters such as revenue, market share, product introduction, innovation, and diversity, vertical and horizontal diversity, business, and market strategy. The results were collated after conducting detailed research and assessment on market performance of companies, including in-depth primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts for the 2013 India Broadcast Equipment Industry Outlook.
The 2013 Frost & Sullivan Digital Media India Award Recipients
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To view the Award Recipients, please click on the link given below:
The 2013 Frost & Sullivan Digital Media India Award Recipients
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Award_Recipients.pdf
The 2013 Frost & Sullivan Digital Media India Award Recipients
CONTACT DETAILS
Ravinder Kaur, Corporate Communications - South Asia, Frost & Sullivan, +91 9940141714 / +91 (44) 66814413, ravinder.kaur@frost.com
Priya George, Corporate Communications - South Asia, Frost & Sullivan, +91 9840355432 / +91 (44) 66814414, priyag@frost.com
Nimisha Iyer, Corporate Communications - South Asia, Middle East, and North Africa, Frost & Sullivan, +91 9820050519 / +91 (22) 66072004, niyer@frost.com
KEYWORDS
ECONOMY, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
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