Global Video Encoders Market 2017-2021
About Video Encoders
A video encoder is an electronic circuit or software that compresses or decompresses digital video. It converts raw (uncompressed) digital video to a compressed format or vice versa. The global video encoders market is expected to witness significant growth during the forecast period. The majority of the demand for video encoders comes from the Americas, which accounted for more than 50% of the market revenue in 2016. EMEA and APAC are also experiencing growth and are expected to grow rapidly in the future.
Technavio’s analysts forecast the global Video Encoders market to grow at a CAGR of 17.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global Video Encoders market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of video encoders in various segments and industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Video Encoders Market 2017-2021
Technavio recognizes the following companies as the key players in the global video encoders market: Axis Communications, Bosch Security Systems, and Honeywell Security.
Other Prominent Vendors in the market are: ADT Security Services, Avigilon, Gospell Digital Technology, Hangzhou Hikvision Digital Technology, Hanwha Techwin, Schneider Electric, Siemens, Sorenson Media, Telestream, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing popularity of VSaaS. Vendors in the surveillance market, who utilize video encoders, have been offering cloud-based video surveillance or VSaaS. companies using VSaaS benefit from advantages such as low initial investment and maintenance, pay-per-use, instant access, and easy deployment. VSaaS currently has a huge demand among companies ranging from small to large enterprises and governments. In addition, due to the low entry barriers, a large number of vendors enter the market and provide VSaaS. The VSaaS model incudes various services such as remote video monitoring, on and off-site storage, real-time monitoring through the Internet, and cloud-based video content analytics.”
According to the report, one of the major drivers for this market is increasing processing power of the collected data. The use of efficient video encoders helps increase the processing power of the data collected. Video encoders enable the users to add additional filters and settings according to the location and sector in which they are used. This helps the users to access and process the collected data according to the requirements, helping the users to reduce the overall processing time. Further, the use of filters helps in processing only the required data, enabling the users in decreasing the processing power of the collected data.
Further, the report states that one of the major factors hindering the growth of this market is Decoding constraints. Though video encoders are becoming quite popular in the overall market, the difficult process of decoding the videos is a major challenge for the market. The video content providers need to decode the video before getting it delivered to various electronic devices such as mobiles, laptops, and PCs. Furthermore, the limited accessibility hinders the market growth. For example, while streaming a live event from a remote location, the accessibility of video encoders and decoders can be difficult.
Axis Communications, Bosch Security Systems, and Honeywell Security.Other Prominent Vendors in the market are: ADT Security Services, Avigilon, Gospell Digital Technology, Hangzhou Hikvision Digital Technology, Hanwha Techwin, Schneider Electric, Siemens, Sorenson Media, Telestream, and Toshiba.