Video Encoders Market Growth Insights, Business Opportunities, Key Facts, Size Estimation And Forecast By 2032 : VITEC SA, Harmonic Inc., Motorola Solutions, Cisco Systems Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Video Encoders Market Size, Growth Rate, And Forecast

The global video encoders market size is expected to grow from $2.3 billion in 2022 to $2.42 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The video encoders market size is expected to grow to $3.01 billion in 2027 at a CAGR of 5.6%.

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Video Encoders Market Drivers

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 EarthWeb Inc., a Hungary-based business and tech site that specializes in gaming, social media, and cryptocurrency, live streaming saw a 99% growth between 2019 and 2020, and 78% of Facebook users watch live streams as of 1st September 2022. Furthermore, 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 video encoders market.

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Video Encoders Market Segments
• By Type: Standalone, Rack-Mounted
• 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
• By Application: Broadcasting, Retail, Transportation, Residential, Institutional, Military and Defense, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Video Encoders market.

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Video Encoders Market Key Players
Major competitors in the video encoders market are Hangzhou Hikvision Digital Technology Co Ltd., VITEC SA, Harmonic Inc., Motorola Solutions, Cisco Systems Inc., Axis Communications AB, CommScope, Dahua Technology, Telefonaktiebolaget LM Ericsson, ACTi Corporation.

The Business Research Company's "Global Video Encoders Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Video Encoders Market Include:
1. Executive Summary
2. Video Encoders Market Characteristics
3. Video Encoders Market Trends And Strategies
4. Video Encoders Market - Macro Economic Scenario
5. Video Encoders Market Size And Growth
………………
27. Video Encoders Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video Encoders Market
29. Video Encoders Market Future Outlook and Potential Analysis
30. Appendix

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