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Global Video Encoder Market will reach USD 5.659 by 2032, at a CAGR of 3.10% during the forecast period 2023-2032.

Sep 27, 2023 10:00 PM ET

Global Video Encoder Market will reach USD 5.659 by 2032, at a CAGR of 3.10% during the forecast period 2023-2032.

The video encoder market is expected to grow rapidly in the coming years. Ease in using video encoders and increasing internet penetration rate would drive the market growth. Market Research Future (MRFR) asserts that the global video encoder market will escalate from USD 4.3 BN in 2022 to USD 5.65 BN by 2032, growing at a 3.10% CAGR during the review period (2023-2032). 

Key Players

Active video encoder market players are

  • Polidea
  • eRightSoft
  • Telairity Inc.
  • Axis Communications AB
  • Panasonic Security Solutions
  • Niagara Video Corporation
  • March Networks
  • Datavideo
  • Coconut
  • Anvato
  • Elecard
  • Cathexis Technologies, among others. 

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The market is expected to benefit significantly from the rising demand for over-the-top (OTT) services. As the pandemic spread, the OTT market had an uptick, with more viewers than usual. These developments indicate that OTT Platforms have a bright future, which opens a significant window of opportunity for the market.

The need for high-quality processing in video applications and the growing urban population density is straining broadcast and communication networks’ bandwidth and performance capabilities. It is expensive to purchase additional equipment to handle these video feeds. Operators, service providers, and content producers use cloud services for data storage. Cloud services lower corporate expenses and make applications available from anywhere. 

Many industries are becoming more digital and using video content delivery networks (CDN). The use of mobile devices for real-time video streaming has expanded due to this advancement. Users may watch, share, and store videos on the go with the help of mobile video streaming apps like Facebook and YouTube. The mobile network is expanding quickly to carry voice, video, and data applications. The ever-increasing demand for data forces mobile providers to expand their bandwidth capacity. 

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Global Video Encoder Market – Segments

The market report is segmented into components, product types, applications, and regions. Based on components, the video encoder market is divided into hardware and software. Based on the product type, this market is divided into stand-alone and rack-mounted. The market has been segmented by application into internet protocol television (IPTV) & cable, multi-screen, post-production, enterprise, satellite, and others. By region, the video encoder market is segmented into the Americas, Europe, Asia-Pacific, and the rest of the world.

Global Video Encoder Market – Regional Analysis

North America accounts for the most extensive video encoder market share. The need for video encoders has grown due to increased corporate investment in new technology, rising urbanization, accelerated development of video encoding solutions, and growing internet trends for live video streaming and other video content. The employment of advanced technology, the presence of multiple significant enterprises in the area, utilization in the telecom sector, digitalization, and the increased acceptance of the HEVC standards for video encoding all contribute to the region’s video encoder market value. 

Global Video Encoder Market – Competitive Analysis

The video encoder market appears widely expanded and highly competitive due to numerous major players operating at the international and regional levels worldwide. The market will likely witness fierce competition with the expected product, service, and innovation extensions. Video encoder manufacturers strive to develop their devices with adept technologies and unrivaled designs & features. 

Industry/ Innovation/ Related News

Sept. 12, 2023 – Allegro DVT, a leading video encoding semiconductor IP solutions provider, launched a new generation of high-performance multi-format video encoder IP for 4K/8K video resolutions. This new generation of video encoder IPs is built upon higher-performance architecture with support for resolutions from 4K60 up to 8K120. The E300 encoder IPs series unlocks unprecedented video throughputs, quality, and real-time performance, implementing enhanced hardware architecture. 

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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