The Video Encoders Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Video Encoders Global Market Report 2024, The video encoders market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to transition to digital broadcasting, increasing internet penetration, mobile video consumption, video conferencing growth, broadcasting industry evolution, security and surveillance expansion.
The video encoders market size is expected to see strong growth in the next few years. It will grow to $3.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to multi-channel broadcasting, integration with content delivery networks (cdn), rapid growth in virtual events, enhanced video analytics, interactive and immersive broadcasting.. Major trends in the forecast period include transition to high-efficiency video compression standards, rise of ip-based video surveillance, integration of artificial intelligence (ai), cloud-based video encoding services, demand for low-latency streaming, support for 4k and higher resolutions, open standards and interoperability.
The rise in the user base of video streaming platforms across the world is contributing to the growth of the video encoders market going forward. A streaming platform is a place where a person can watch TV series, movies, and other streaming media on demand. Video streaming platforms use video encoders to transform raw video files into digital files to save them as fluid videos. For instance, according to Cisco Systems Inc., a US-based multinational technology company, live video is estimated to grow by 15 times in 2022 and reach a 17% share of all internet traffic. Therefore, the rise in the user base of video streaming platforms is driving the demand for the growth of video encoders market.
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The video encoders market covered in this report is segmented –
1) By Type: Standalone, Rack-Mounted
2) By Number Of Channel: 1-Channel Video Encoder, 2-Channels Video Encoder, 4-Channels Video Encoder, 8-Channels Video Encoder, 16-Channels Video Encoder, More Than 16-Channels Video Encoder
3) By Application: Broadcasting, Retail, Transportation, Residential, Institutional, Military and Defense, Other Applications
Technological innovation is the key trend gaining popularity in the video encoders market. Major companies operating in the video encoders market are focused on technological advancement to strengthen their market position. For instance, in July 2022, WISI Group, a German-based company, specializing in carrier-grade video technologies launched GT35 HDMI and GT36 SDI/AV, a new encoder module for the Tangram Video Platform. Operators may simply add local programming to TV line ups at hospitality and edge locations using the new GT35 HDMI and GT36 SDI/AV encoder modules without the need for extra hardware. Tangram from WISI is a modular, adaptable technology that works best for IP video transmission to hotel and business sites in order to support network upgrades and bandwidth optimization. To satisfy site needs and maintain existing infrastructure, the Tangram transforms IP streams to QAM or Analog at the edge location, with optional decryption and re-encryption.
The video encoders market report table of contents includes:
1. Executive Summary
2. Video Encoders Market Characteristics
3. Video Encoders Market Trends And Strategies
4. Video Encoders Market – Macro Economic Scenario
5. Global Video Encoders Market Size and Growth
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26. South America Video Encoders Market
27. Brazil Video Encoders Market
28. Middle East Video Encoders Market
29. Africa Video Encoders Market
30. Video Encoders Market Competitive Landscape And Company Profiles
Top Major Players:
- Hangzhou Hikvision Digital Technology Co. Ltd
- VITEC SA
- Harmonic Inc
- Motorola Solutions Inc
- Cisco Systems Inc
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