Analog to Digital Migration to Juice Up Demand for Video Encoders Market With Sales to Reach US$3.2 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
Digitalization is a new buzzword of modern world, which may perhaps not be viable without the proliferation of video compression technologies. Advancements in video CODECs (compression and decompression) have been the key foundations for the delivery of digital video over multiple media applications (broadcast, cable, satellite, iPTV and others). Historically, video was stored as an analog signal on magnetic tape and, over time, compact discs entered the market as a digital-format replacement for analog audio and video. Currently, the ongoing digital trend is endorsing demand for delivery of quality video at lowest possible bit rates over multiple media, and thus driving growth for video encoders market. In addition, market trends such as demand for high-definition services, government regulations to convert analog broadcasts to digital ones, and fierce competition among cable, satellite and telecos for delivering value added services, are all leveraging demand for bit-efficient video encoders.
San Jose, California (PRWEB) July 9, 2007 -- World market for Video Encoders is estimated at US$495.4 in 2006 million and the same is forecast to maintain an impressive 22% CAGR over the coming 10 years, according to a recently released market research report from Global Industry Analysts, Inc. Key end use application areas analyzed on a global basis include Broadcast & Cable TV market, Satellite TV market, Internet Protocol Television (iPTV) market and Enterprise & Private Networks market. The study analyzes key market trends and growth drivers for Video Encoders by region for North America, Europe, Asia-Pacific and Rest of World.
North America represents the largest region for Video Encoders and is followed by Europe. In terms of growth, however, Asia-Pacific is forecast to outpace the other regions, with a CAGR of 24.32% over the coming ten years. Broadcast & Cable TV applications corner the largest share for global Video Encoders market and this application is expected to maintain its dominance over the forecast period. On the other hand, Video Encoders' application in iPTV is expected to log the fastest growth, with a CAGR of 30.65% over the future ten-year period.
Primary trends and issues addressed include government regulations that will drive digital broadcasting, enabling in wider acceptance for Video Encoders, emergence of digital formats that could be potential replacements for MPEG-2, and entry of telcos boosting up demand for bit efficient Video Encoders.
Major growth drivers for Video Encoders market in North America include emergence of advanced compression standards such as H.264/AVC and VC-1 that decrease bandwidth requirements, FCC mandate to shift from analog to digital broadcasting, growing adoption of broadband leading to burgeoning demand for digitized content, entry of telecom operators into iPTV, heightened consumer demand for high quality digital video and fierce competition among cable, satellite and telcos for value added services.
In the case of Europe, it is the region's strong prevalence of satellite and terrestrial digital set-ups, which endorse aggressive movement towards complete transition to digital video. In addition, most European governments' decision to a switch over from analog to digital by 2010 is also expected to fuel the intentions of digital world. Further, the increasing sales of HDTV sets and telcos move towards iPTV, illustrates consumer demand for HD content. Digitalization needs adoption of better compression technologies and thus advanced video encoding solutions (AVC/VC-1) proves to be a better option for media applications.
iPTV, a technology relatively new to the Asia-Pacific region, is poised for a quantum leap in the coming years. The triple-play services of voice, data and video are ready to transform into standard services offered by telecom companies. Broadband services, which are becoming increasingly popular, enable telecom companies to use their network infrastructure optimally. In addition, the availability of advanced video encoding allows telecom providers to minimize bandwidth constraints and offer bandwidth-intensive video services over IP.
All the above factors and issues, in addition to technological developments the world over, promise a heady growth for global Video Encoders market.
Leading companies covered in the report include TANDBERG Television, Harmonic, Scientific Atlanta, Harris Corp., Grass Valley Systems, VBrick Systems, Motorola, and Scopus, among others.
For more details about this research program, please visit www.strategyR.com/MCP-1725.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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