The global report on the video encoder market includes a study of various factors that are influencing the market, competition, and other segments. The report predicts a rise by 5.8% CAGR during the forecast period of 2019 to 2025 to reach and cross a valuation of USD 2.69 Bn by 2025. Market Research Future (MRFR) identified the growing inclusion of the system in the defense sector, incorporation of the method in cloud technologies, ability to reduce cost, efficient production, introduction of multi-channel encoders, and others as major traction-providers for the market.
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Truen Ltd (Korea), Axis Communications AB (Sweden), Harmonic Inc (US), Hangzhou Hikvision Digital Technology Co., Ltd (China), VITEC (US), Zhejiang Dahua Technology Co., Ltd (China), Haivision (Canada), Cisco Systems Inc (US), Bosch Security Systems (US), Arris International Limited (US), Delta Information Systems, Inc. (US), Ateme SA (France), Motorola Solutions (US), Matrox (Canada), and others are major companies taking part in the global video encoder market. This report has also recorded latest moves that can help in an assessment of the exploring of market opportunities.
In August 2020, Viasat Inc., a global communications company, announced the availability of Viasat Dynamic Video Encoding (DVE) capability. This is a new satellite communications technology enhancement that focuses on optimizing sensor data for various military aircraft that are involved in Intelligence, Surveillance and Reconnaissance (ISR) missions. The new DVE capability would create scope for aircraft to optimally use their available bandwidth and video transmissions that would enable high-speed, high-quality video feeds from the aircraft.
In July 2020, the electrical engineering and computer science division of the Fraunhofer Heinrich Hertz Institute announced the launching of the VVC, a new video codec standard that is showing signs of bringing around 50% efficiency gains in the process of streaming video compression. The name is H.266/Versatile Video Coding and it has been designed to evolve as a successor to the H.264/Advanced Video Coding (AVC) and H.265/High Efficiency Video Coding (HEVC) formats that are currently controlling around 90% of the global market.
The COVID-19 crisis influenced the intake of procedures that has a direct connection with cloud technology. Video encoding systems are an integral part of this cloud system, which would benefit from this recent change of scenarios.
The global video encoder market, as discussed by MRFR analysts, has a segmentation that includes type component, type, application, channel, and end user. This segmentation and its understanding would help in devising strategies to expand the business.
By type, the global report on the video encoder market includes segments like stand-alone and rack-mounted.
By component, the report discussing the global video encoder market has segments like hardware video encoders and software video encoders.
By application, the global report on the video encoder market comprises segmental analysis of multiscreen, post-production, Internet protocol television (IPTV) & cable, satellite, enterprise, and others.
By channel, the global study on the video encoder market discusses segments like single-channel and multiple channels.
By end user, the global video encoder market covers a substantial study of segments like a commercial, retail, military and defense, and residential. The military and defense segment is using the technology to explore different possibilities, which is a good sign for the market.
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North America has the scope to continue its dominance in the market as the region is showing increasing investment in the video encoder industry to support the needs of the defense sector. This is further getting backed by increasing support from better technologies and infrastructure.
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