ID: MRFR/SEM/7239-HCR | February 2021 | Region: Global | 100 pages
Global Video Encoder Market is estimated to reach USD 2.69 Billion by 2025, registering a CAGR of 5.8% during the forecast period of 2019–2025.
Video encoders are the devices or circuits used for conversions of analog video signals into video stream by connecting them with analog video cameras. The signals are being carried by various IP networks such as LAN, intranet, and internet. The rising application of cameras has increased the requirement of video encoders in various industries and residential areas. Moreover, with the increasing digitalization, the adoption of video encoders has grown in military and defense as well as in government activities for broadcast and surveillance, which is considered as one of the driving factors for the market.
Furthermore, the rise in the adoption of cloud services has also fueled the growth of the market. As cloud provides a large amount of storage space for the data, it is convenient for Users to store data on the cloud rather than on hard disks or any physical storage devices; this helps in reducing costs. Furthermore, the growing popularity of high-efficiency video coding (HEVC) standard is also propelling the growth of the market across the globe. Moreover, the introduction of multi-channel video encoders has allowed the User to generate multiple different streams resulting in a reduction of hardware.
The Global Video Encoder Market has been segmented based on Type Component, Type, Application, Channel, End User, and Region.
By Type, the global video encoder market has been segmented into stand-alone and rack-mounted.
By Component, the global video encoder market has been classified as hardware video encoders and software video encoders.
By Application, the global video encoder market has been divided into Internet protocol television (IPTV) & cable, multiscreen, post-production, enterprise, satellite, and others.
By Channel, the global video encoder market has been categorized as single-channel and multiple channels.
By End User, the global video encoder market has been segmented into military and defense, commercial, retail, and residential.
By Region, the global video encoder market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Video Encoder Market, 2017–2024 (USD Billion)
Source: MRFR Website
The Global Video Encoder Market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of video encoder has been done for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).
North America accounted for the largest market share in 2018 due to high investments made by companies for the development of new technologies. The rising urbanization and increasing services for video encoding in the region are driving the market. Moreover, increasing trends of video streaming, live video streaming, and other video content over the Internet have increased the requirement of video encoders, which is propelling in the growth of the market. The video encoders share the information in real-time which allows the user to make decisions accordingly. For instance, in the traditional CCTV, the video footage was stored in DVDs, which were played on the players after the recording; however, the encoders allow the user to play the recording live on the screens, eliminating the requirement for extra hardware; this reduces the cost. Additionally, the adoption of advanced technology and the presence of various key players in the region are some of the major factors which are driving the video encoder market in the region.
MRFR recognizes the Key Players in the Global Video Encoder Market as Axis Communications AB (Sweden), Harmonic Inc (US), Truen Ltd (Korea), VITEC (US), Hangzhou Hikvision Digital Technology Co., Ltd (China), Haivision (Canada), Zhejiang Dahua Technology Co., Ltd (China), Arris International Limited (US), Cisco Systems Inc (US), Bosch Security Systems (US), Ateme SA (France), Delta Information Systems, Inc. (US), Matrox (Canada), Motorola Solutions (US) among others.
The Prominent Players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Frequently Asked Questions (FAQ) :
The rising application of camera in residential and industrial areas are expected to drive the expansion of the video encoder market.
The video encoder market is assessed to augment at 5.8% CAGR between 2019 and 2025.
The video encoder market is expected to value at USD 2.69 Bn by 2025.
North America market is supposed to expand on account of urbanization, rising sales of cameras, etc.
The channel based segments of the video encoder market are single-channel and multiple channels.