Digitalization Mandate to Drive Demand for Video Encoders, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) August 23, 2013 -- Follow us on LinkedIn - Video entertainment market continues to be transformed with the steady shift from analog to digital format and the growing significance of online medium in content distribution. Expanding network bandwidth, availability of more digital content and devices such as HDTVs, rising popularity of mobile devices such as smartphones and tablets, are helping accelerate this transformation. With this shift, consumers are increasingly seeking access to high quality digital video content that can be availed in multiple formats, from any location and at any time. As the quality of video streamed is part dependent on the video encoding process as well as the amount of bandwidth required to watch the video, demand for encoding solutions is rising. Globally, digitization trend that aims to improve quality of video and broadcast services is a major growth driver for video encoders market. 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). The growing prominence of OTT, smart TV, online music and video content as well as home connected networks in digital TV services and digital STBs has furthered enhanced the demand for encoders. Advanced encoding solutions are finding favor in view of the growing demand for HD channels and VOD services. Increasing adoption of AVC and other advanced compression formats across various countries is also driving demand for encoding solutions.
As stated by the new market research report on Video Encoders, Europe represents the largest market for video encoders, worldwide. In developed economies such as Europe and North America, demand for video encoders is saturated, as the digital transition process has been completed in most of the countries. As a result, growth in the market is shifting towards emerging countries that are witnessing relatively fast-paced economic development. In the upcoming years, Asia-Pacific and Latin American markets are expected to drive growth in the global video encoders market. Rising income levels, digitization mandates, increasing penetration of mobile devices are all expected to fuel demand for video encoders in emerging markets.
Broadcast & Cable TV represents the largest end-use application in the global video encoders market. Growth in this segment is driven by the implementation of government regulations related to the digitization of TV content, along with measures such as quality of streaming content and number of subscriber base. In addition, continued migration towards efficient compression engines and growth in HD channels are forecast to drive growth in the sector. IPTV with a CAGR of 5.9% over the analysis period, represents the fastest growing end-use application segment. The IPTV segment is expected to grow significantly in the coming years driven by its ability to enable viewing of any content desired by consumers, which is not the case in terrestrial, satellite or cable services. In the IPTV segment, video encoders enable delivery of high-quality streaming video at low bitrates over the Internet.
Major players covered in the report include 3ivx Technologies Pty. Ltd, Arris Systems Inc., ATEME SA, Cisco Systems Inc., Envivio Inc., Telefonaktiebolaget L. M. Ericsson, Harmonic Inc., Telestream Inc., MainConcept AG, Harris Broadcast, VBrick Systems Inc., and ViTech Multimedia among others.
The research report titled "Video Encoders: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. End-use application markets analyzed include Broadcast & Cable TV, Satellite TV, Internet Protocol Television (IPTV) and Enterprise & Private Networks.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Video_Encoders_Market_Report.asp .
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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