Driven by the proliferation of video streaming devices, as well as the ever-growing demands for rich video content, the media and entertainment industry entails advanced video encoding technologies that can deliver the optimal blend of video quality, processing speed, resource efficiency and multi-screen capabilities. At the heart of every video processing mechanism, encoding, and programming provides the groundwork for all the higher-level functionalities.
The applications of video encoders are wide-spread over several sectors including traffic management, residential, commercial, government, as well as banking and financial services. The increase in technological innovation has helped many enterprises make better use of video analytics surveillance infrastructure.
Video conversion done right: Major growth drivers
The video encoding devices deliver ample benefits to increase the efficiency and quality of video content. The following advantages are sure to trigger the growth of the global video encoders market.
Video encoders aids to increase the processing power of the data collected and enables the users to add additional filters and settings based on their location and industry. This helps the operators not only to access and process the collected data according to user requirements, but also reduces the overall processing time.
With the help of many cameras that are installed and deployed for monitoring and securing the area, video encoding system helps the operators in making informed, fast, and improved decisions. Hence, the ability to improve the decision-making capabilities of users is likely to boost the demand for these technologies.
The frequency of security breaches and security attacks are increasing at a higher rate. To control these anti-social activities, governments and large enterprises are increasing their adoption of video encoders in video surveillance. Video encoding software aid in providing real-time alerts to deliver fast transfer of data.
Tech War: Intensity of competition
The global video encoders market is highly fragmented, and the competition in the industry is extreme owing to the existence of many vendors. The industry has the presence of both large and pure-play players in niche segments. Large organizations, such as Honeywell International and Axis Communications, provide end-to-end solutions. The rising competition has resulted in an increase in market consolidation, with major players acquiring smaller entities.
Technavio solutions: Paving the way to success
The rapidly changing technological environment is a major challenge confronting global vendors. Therefore, to survive and succeed in the intensely competitive environment, it becomes imperative for market vendors to distinguish their product and service offerings through clear and unique selling propositions.
Technavio’ s comprehensive report will help players in the industry to gain an in-depth knowledge and understanding on the latest trends, challenges and the factors driving the growth in the global video encoders market.
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