Newsroom Software Market Scope
The newsroom software market is expected to grow in the future due to growth in competition among news houses to provide quality and quick content to viewers, and thereby increase the viewership. News houses are seeking customized software solutions that efficiently meet their requirements that provides opportunities for market players. Therefore, software vendors are actively engaged in innovating and improving their existing newsroom software solutions. Presence of open source solution for content editing and management is the key challenge facing software vendors.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Newsroom Software market throughout the predicted period.
Avid Technology Inc (United States), Superdesk(United States), Tekgroup International (United States), Octopus Newsroom S.R.O. (United States), Magnitude Software (United States), 4Cplus (United States), Burli Software (United States), Vasont TransPerfect (United States), Tavant Technologies (United States) and Lgloo Software (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Synopsys (United States) and IPR Software (United States).
Segmentation Overview
The study have segmented the market of Global Newsroom Software market by Type (Asset Management Software, Production Management Software, Editing Software, Content Management Software and Others), by Application (Broadcast, Radio station, Music Studio, Newsroom and Others) and Region with country level break-up.
On the basis of geography, the market of Newsroom Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Demand for Customized Newsroom Software Solutions and Adoption of Cloud-based Software
Market Growth Drivers:
Growth in Competition among Newshouses to Provide Quality and Quick Content to Viewers and Rising Number of Newsrooms
Challenges:
Presence of Open Source Solution for Content Editing and Management
Restraints:
High Cost of Software
Opportunities:
Constantly Improving and Enhancing Software in Order to Provide the Best-in-Class Software Solutions and High Demand from Developing Countries
Market Leaders and their Expansionary Development Strategies
On May 27, 2021 - Tavant and Hay Group partnership marks the creation of a joint digital banking & lending solution with full, end-to-end integration. and On February 9, 2021 - Tavant announces a strategic alliance with Truterra, LLC (formerly Land O'Lakes SUSTAIN) to help expand sustainability management practices.
On August 19, 2021 - Avid has announced the integration of its MediaCentral content platform with CGI’s OpenMedia, a complete solution for journalistic workflows. With the integration now available for the industry’s leading newsroom computer systems (NRCS) – also including AP ENPS and Octopus – MediaCentral empowers more production teams around the world to enhance their news content creation workflows. and On October 31st, 2019 - Denmark’s brand new national radio network, Radio4, has launched with the Burli NE newsroom system as the engine powering their news and magazine programming.
Key Target Audience
Newsroom Software Developers, Newsroom Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.