Video Encoder market Overview and Analysis
Globally, the size of the Video
Encoder Market is set to grow at a CAGR of 3.10%, estimated to reach USD
5.3 Billion by 2030 driven by the growing camera applications and ease of
connecting cameras will lead to immense Video Encoder Market Growth. The
factors that push this growth are seamless connectivity of analog cameras to
networks, extensive usage of cloud storage, and integration of HEVC for video
encoding. The primitive market driver is seamless analog camera connectivity.
The analog cameras engaged in CCD sensors usually take images and store them in
the local storage spaces. These images can attain real-time transmission with
the deployment of a video encoder. The increasing use of analog cameras has
always been a major driver of the market.
One more major market driver is the OTT platform. OTT services
have helped users accomplish audio, video, and other media in their portable
smart devices. In the age of OTT, Video encoders are imperative to deliver OTT
entertainment to millions of users. Today, many domains have integrated Video
encoders to easily transmit video information through the internet. Video
encoders also help businesses to reduce the size of videos. Apart from that, a
video encoder also helps end-users to make any video compatible with any
certain program or operating system. An augmentation in the number of content
creators also contributes to global market growth. Creators are searching for
advanced platforms that can create compelling videos. This has pushed several
companies to come up with unique platforms.
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Market Segments
The Global video encoder market gets segmented based on several
classifications. As per the recent market report, the global market is
segmented into four classifications. It includes segmentation based on
component, type, application, number of channels, and end-users.
You can find rack-mounted and standalone video encoders based on
the type segmentation. Similarly, in applications, IPTV, cable, Multiscreen,
enterprise, satellite, surveillance, retail, commerce, residents, and
transports are the largest markets of video encoders. You will get market
segmented for single-channel and multiple channel usage in channels. Military,
commercial, retail, and residential are the four primitive end-user
markets.
Regional Analysis
The global video encoder market comes extensively segmented into
Asia Pacific, Europe, North America, the Middle East, and South America based
on the regions. North America is the largest video encoders market with rapid
tech trends. The key regions in North America are the US, Canada, and Mexico,
major video encoders consumers. After North America, Asia Pacific is the
second-largest market for video encoders. Increasing numbers of data centers
and the telecom industry are the major reasons that make Asia pacific the
second largest market for video encoders. Following the Asia Pacific, Europe is
the third-largest market for video encoders. Cost efficiency in Video encoders
is what drives the market growth in Europe.
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Industry news
Motorola solutions have endowed and acquired Pelco, a security
service provider that invests in video security and analytics. Investments of
industry leaders like Motorola will boost the market even more, which will
increase by CAGR. Apart from Motorola, several other industries are also
investing in video encoders to augment security. This will bring increased
expansion opportunities.
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