2015 GMVR data provides clear evidence of an industry-wide change in buying strategies by media technology end-users such as content creators, broadcasters, pay TV operators, and service providers.
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Significantly, revenue from products (both hardware and software) declined by 0.5 per cent between 2012 and 2014, while revenue from services increased by 2.9 per cent. During 2014, services accounted for approximately $26 billion, or 54 per cent of total spending by broadcast and media technology end-users.