In a recent published report, Kenneth Research has updated the market report for Video Encoder Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Video Encoder Market products.
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The Global Video Encoder Market was valued at USD 1.78 billion in 2016 and is projected to reach USD 2.60 billion by 2025, growing at a CAGR of 4.32% from 2017 to 2025.
Video encoders, enable an existing analog CCTV video surveillance system to be integrated with a network video system. A video encoder connects to an analog video camera via a coaxial cable and converts analog video signals into digital video streams that are then sent over a wired or wireless IP-based network. Benefit of video encoders include â€“ increase security with intelligent video, extend the possibilities of analog CCTV system, allow remote accessibility, and allows encoding to multiple formats.
1. Market Drivers
1.1 Optimization of network bandwidth for cable operators
1.2 Rising adoption of Hevc standard for video encoding
1.3 Ease of connecting analog cameras using video encoders to a network
1.4 Increasing number of mobile-streaming videos
1.5 Rising adoption of cloud-based services for storing huge amount of data
2. Market Restraints
2.1 High investment cost due to transition of technology
2.2 Increasing OTT services may prevent the growth of video encoders
The Global Video Encoder Market is segmented on the type, channel, end use, application, and region.
2. By Channel:
2.1 1 Channel
2.2 2 Channels
2.3 4 Channels
2.4 8 Channels
2.5 16 Channels
2.6 More than 16 Channels
3. By End Use:
3.2 Cable TV
4. By Application:
4.1.1 Military and Defense
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Axis Communications
5. Cisco Systems
8. Delta Digital Video
11. Bosch Security Systems
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Video Encoder Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team
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