During the years 2021-2031, the market for video encoders and decoders is expected to increase steadily. The rise in 4K and 8K video streaming applications is one of the primary growth drivers for the video encoder and decoder market. Encoding and decoding video is a critical component of broadcasting and surveillance applications.
The encoding makes video transmission over the internet considerably easier. The compression reduces the amount of bandwidth used while keeping the video’s quality. As a result, the market for video encoders and decoders is being driven by increased demand for high-quality viewing experiences.
What’s Driving Video Encoder and Decoder Demand?
The expanding usage of cloud services to store vast amounts of data, together with the simplicity of connecting analog cameras to networks, are the key reasons driving demand for video encoders and decoders.
Furthermore, the increasing adoption of high-efficiency video coding standards for video encoding is another important factor driving market expansion.
By application, broadcasting is expected to have the largest share of the video encoder and decoder market.
The market for video encoders and decoders has been divided into two categories based on application: broadcasting and surveillance. The broadcasting application is expected to have the biggest market share in the world.
The growing acceptance of various forms of content available on the Internet, combined with the introduction of modern devices such as smartphones and tablets that allow high-quality viewing experiences, has fueled the segment’s rise. This presents a substantial opportunity for video encoder and decoder manufacturers to develop at a consistent rate in the market over the forecast period.
Who are the Leading Video Encoder and Decoder Manufacturers and Suppliers?
Some of the most well-known video encoder and decoder manufacturers are:
- Motorola Solutions
- Axis Communications