Video Encoder Market Share is Expected to Reach USD 5.3 Billion, at a CAGR 3.10% by 2030 | MRFR

According to marker research future insights analysis, the global Video Encoder Market is expected to register a CAGR of ~ 3.10% from 2022 to 2030 and hold a value of over ~USD 5.3 billion by 2030.

Over the past few decades, video technology has seen significant evolution. This development has coincided with the internet’s rapid expansion and advancement. When movies transitioned to digital, motion pictures—made of enormous collections of still photos—were fine on VHS tapes and even DVDs, but they produced incredibly large files. Additionally, it modernizes the CCTV cameras to I.P. systems. Comparing the Hanwha (Samsung) and Axis line video encoders, Samsung’s is more affordable and performs better. The market for video encoders continues to expand despite the increasing demand from professional, automotive, and consumer video applications. They have been used in encoding video data from rearview cameras and set-top boxes. The market’s expansion depends on consumers’ high-end purchasing power. High-end resolution video quality and expanding market competition are key factors in the market’s growth COVID-19 outbreak significantly influenced the video encoder business since it mostly caused supply chain problems and disruptions. This virus outbreak has caused the IPTV market to grow. After COVID-19, the market for video encoders is also rapidly growing. The consumption of video, especially VOD content, increased significantly due to the COVID-19 outbreak. Since people are still confined to their houses due to the COVID-19 epidemic, it is believed that this condition would impact the growth of video distribution over I.P. As a result, the adoption of video encoders is rapidly rising. 

Video Encoder Market Key Players

Some of the key market players are

• Motorola Solutions (U.S.)
• Axis Communications AB (Sweden)
• Truen Ltd (Korea)
• Hangzhou Hikvision Digital Technology Co.
• Ltd (China), Harmonic Inc (U.S.)
• Haivision (Canada)
• Zhejiang Dahua Technology Co.
• Ltd (China), VITEC (U.S.)
• Arris International Limited (U.S.)
• Bosch Security Systems (U.S.)
• Cisco Systems Inc (U.S.)
• Delta Information Systems, Inc. (U.S.)
• Ateme SA (France)
• Matrox (Canada), among others.

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Report Scope:

Video Encoder Market USP Covered

Video Encoder Market Regional Analysis

North America dominated the Video Encoder Market in 2021. The need for video encoders has grown due to increased corporate investment in new technology, rising urbanization, accelerated development of video encoding solutions, and rising internet trends for live video streaming and other video content. The employment of advanced technology, the presence of multiple significant enterprises in the area, utilization in the telecom sector, digitalization, and the increased acceptance of the HEVC standards for video encoding all contribute to the region’s video encoder market’s growth.

Asia Pacific is expected to register lucrative growth in the market for the video encoder. The introduction of terrestrial digital television broadcasting in China has enhanced current offerings and opened the door for new uses. Wide-area fixed HDTV and numerous SDTV shows can be received thanks to the DTT broadcast protocol. Wearable, mobile, and high-speed applications are further new services.

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Video Encoder Market Segmentation

The global video encoder market has been segmented into several channels, types, and application.

Based on the number of channels, the market has been segmented into 1-channel video encoder, 2-channel video encoder, 4-channel video encoder, 8-channel video encoder, 16-channel video encoder, and more than 16-channel video encoder. The one channel transport media segment accounted for the largest share of the market in 2021. It is possible to convert an analog surveillance system to an IP-based one using 1 Channel. Due to the high cost of I.P. cameras, an encoder can save end users money by enabling them to keep using their current analog systems. Besides this, the 16 channels segment was the fastest growing. It is affordable and simple to implement in small businesses, such as the institutional, commercial, and retail sectors.

Based on type, the market has been segmented into stand-alone and rack-mounted. Rack-mounted accounted for the largest revenue share in 2021 in the video encoder market. The market for rack-mounted video encoders is expanding rapidly as more new products are being introduced. For instance, Haivision unveiled the Makito X4 Encoder in 2021, intended to be used as blades within rack-mounted plates. However, the stand-alone segment was the fastest growing. Stand-alone video encoders’ popularity has recently increased due to their inexpensive cost and utility in situations where only a few cameras need to be linked.

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Based on application, the Video Encoder Market has been segmented into broadcast and surveillance. The broadcast segment accounted for the largest revenue share in 2021 in the market for the video encoder. The media and entertainment sectors have significantly changed, opening many opportunities for traditional broadcasters. However, surveillance was the fastest growing. Surveillance applications are employed throughout various industries, including institutional, transit, retail, commercial, residential, military, and defense.

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