Multi-Viewer Monitoring System Market 2027 | Industry Updates, Future Growth, Business Prospects, and Future Investments with Global Leading Players are Barco, Cinegy, Evertz, Grass Valley Canada, and Lawo

According to our latest market study on “Multi-Viewer Monitoring System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Application, and End User,” the market is expected to grow from US$ 1,113.1 million in 2021 and is projected to reach US$ 1,554.1 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.

Consumer desire for higher-quality video and audio has resulted in significant improvements in the broadcasting sector as products and technology have been continually enhanced over the previous few decades. With videos being produced in UHD and 4K formats, IP lives production technology was developed to allow for transmission in the same format for increased viewing quality. This is especially important in live production, where system control must be fluid and efficient. Broadcasters are putting more emphasis on product development to replace traditional SDI-based settings with live production systems that provide system management and efficiency. In addition, the rising adoption of high-efficiency video coding (HEVC) standards is driving the demand for encoders in the industry. Furthermore, the emergence of multi-channel video encoders has enabled users to generate several streams, resulting in reduced system requirements.

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Impact of COVID-19 Pandemic on Multi-Viewer Monitoring System Market

Although investment in security & surveillance, retail, and media & entertainment is usually high across the region, the COVID-19 pandemic has reduced the investments by the end-users in innovative and advanced products and technologies. Also, the sudden outbreak of COVID-19 led to the temporary closure of manufacturing units, thereby impacting the manufacturing of multi-viewer monitoring systems by the market players. Additionally, the disruption of the supply chain has adversely impacted the supply of both manufacturing components and finished products across the region. Thus, the outbreak of the COVID-19 pandemic has an adverse impact on the market across the world.

The rise in Adoption of Multi-Viewer Monitoring System in Various Industries

Fuels Growth of Multi-Viewer Monitoring System Market

Apart from the broadcasting industry, the multi-viewer monitoring systems is experiencing a rise in adoption across various industries such as retail, military and defense, education, and aerospace. These industries are actively adopting the multi-viewer monitoring systems, owing to their wide applications, which include satellite uplink/downlink, cable head end & IPTV head end, OB vans, video walls, NOC control rooms, surveillance security information displays, and traffic and transportation applications.

Several multiviewer monitoring system providers are, therefore, customizing solutions for these industries for expanding their market share. For instance, Spy CCTV PTY LTD offers an HDMI 4×1 Quad Multi-Viewer solution, which can not only seamlessly switch multi-way HD audio and video signals to a single picture but also can split the multiway signals and display them on the same monitor, with various video segmentation modes. It is widely used for multiuser video conference systems, surveillance monitoring, and retail stores. Similarly, RGB Spectrum offers multi-viewer monitoring systems for a wide range of industries such as defense, aerospace, corporate, medical, government, security, and education. Thus, the rising adoption of multi-viewer monitoring systems among the above-mentioned industries is driving the market.

Component-Based Market Insights

Based on components, the multi-viewer monitoring system market is sub-segmented into hardware, software, and services. In 2020, the hardware segment accounted for the largest share in the market.

Multi-Viewer Monitoring System Market, by Component, 2020 and 2028 (%)

Application-Based Market Insights

Based on application, the multi-viewer monitoring system market is segmented into surface cleaning, rubber removal, paint removal, and other applications. In 2020, the surface cleaning segment accounted for the largest market share.

Strategic Insights

The players operating in the multi-viewer monitoring system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In June 2020, Moscow-based ShowCraft, distributor of professional audio, video and lighting systems in Russia, Belarus, Kazakhstan, and Kirgizia has signed a partnership agreement with Lawo, strengthening its presence with a powerful and experienced partner.

In April 2020, Grass Valley has announced that Electronic Arts Competitive Gaming Entertainment (CGE), the company's esports division, selected Grass valley’s product GV AMPP (Agile Media Processing Platform) to enable fully distributed, remote production for its major competitive gaming events EA SPORTS™ FIFA 21 and Apex Legends.

The Global Multi-viewer Monitoring System Market has been segmented as mentioned below:

By Type

Hardware

Software

Services

By Application

Live Production

Playout

Other Applications

By End-User

Media and Entertainment

Military

Enterprises

Retail

Other End Users

Multi-Viewer Monitoring System Market- Company Profiles

Barco

Cinegy LLC

Evertz

Grass Valley Canada

Lawo AG

Mividi, Inc.

RGB Spectrum

Rohde & Schwarz GmbH & Co.

Stream Labs

TAG Video Systems

Multi-Viewer Monitoring System Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Multi-Viewer Monitoring System market.

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The key findings and recommendations highlight crucial progressive industry trends in the Multi-Viewer Monitoring System market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
 
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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