IABM has released its latest Buying Trends Report – built on analysis of qualitative evidence gathered from broadcast and media companies immediately prior to IBC 2019, together with quantitative data drawn from their latest financial filings.
The report’s findings reflect the ongoing radical shift in the demand side of the industry: revenue growth decreased by over six percentage points and profit growth remained negative. Despite this squeeze on financial performance – due to the continued pressure on traditional advertising and subscription business models – broadcast and media companies remain relatively confident that they can successfully counter increased competition. As with the April 2019 edition of the Report, efficiency remains the key driver in all technology purchasing decisions.
The headline findings of the October 2019 Buying Trends Report are:
“Changing priorities have translated into a shift in technology spending that prioritises Opex over Capex,” said Lorenzo Zanni, IABM Head of Insight & Analysis. “Our data demonstrates that technology users are focusing on solutions that make them more efficient and agile. In order to do that, they are spending more money on generic IT technology and increasingly investing in in-house development to suit their specific needs. This shift in technology spending is prompting end-users to adopt a variety of emerging technologies to streamline their supply-chains for the multi-platform world. Given that confidence levels remain relatively high, it is clear they are optimistic that they can meet the challenge from the digital giants head on.”