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The global broadcast equipment market was valued at USD 4.4 billion in 2020. It is expected to reach a value of USD 6.1 billion by 2027, registering a CAGR of 5.6% during 2021-2027. With consumers' shift from television to digital media, staying relevant in broadcast media is challenging but necessary for long-term viability. Broadcast television is evolving significantly, and there is a requirement to transform to avoid becoming irrelevant.
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