The Europe Video Encoders Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 682.1 thousand Units, showcasing a growth of 6.6% (2019-2022).
Ongoing advancements in video compression algorithms, such as High-Efficiency Video Coding (HEVC) and Advanced Video Coding (AVC), have significantly enhanced the efficiency of video encoders. These technologies enable higher compression ratios without compromising visual quality, addressing the need for more efficient data utilization. With higher bandwidth availability, there is an increased capability to transmit and receive high-quality video content, further driving the demand for advanced video encoding solutions.
The pervasiveness of smartphones and mobile devices has transformed how consumers access and consume video content. Video encoders tailored for mobile platforms are integral in delivering optimized streaming experiences, accommodating varying network conditions and device specifications. Integrating AI and ML algorithms into video encoding processes has ushered in a new era of efficiency and adaptability. These technologies enable real-time optimization of encoding parameters, dynamic bitrate adaptation, and content-aware encoding, enhancing video compression's overall quality and efficiency.
According to the International Trade Administration, Germany has Europe's third-largest aerospace & defense sector, with 2020 revenues at USD 35.4 billion, following the UK at GBP 79 or USD 90.2 billion (including land defense systems) and France at EUR 50.9 billion or USD 58.1 billion. Some three-quarters or USD 26.2 billion of German production is exported. France received a fourth of these exports with USD 6.7 billion. The military often operates with legacy surveillance systems. Video encoders facilitate the integration of existing analog cameras into modern IP-based networks, allowing for cost-effective upgrades without the need for a complete system overhaul. The factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Video Encoders Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $209.9 million by 2030. The UK market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.5% during (2023 - 2030).
Based on Type, the market is segmented into Rack-Mounted, and Standalone. Based on Application, the market is segmented into Broadcast, and Surveillance (Retail, Transportation, Commercial, Military & Defense, Institutional, and Others). Based on Number of Channel, the market is segmented into 1 Channel, 2 Channel, 4 Channel, 8 Channel, 16 Channel, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Video Encoders Market will Hit $3.7 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harmonic Inc., Axis Communications AB (Canon, Inc.), Haivision Systems Inc., Zhejiang Dahua Technology Co., Ltd., Cisco Systems Inc., Robert Bosch GmbH, Matrox Electronic Systems Ltd., CommScope Holding Company, Inc., Delta Digital Video (Delta Information Systems, Inc.) and VITEC.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Number of Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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