Global Next-Gen Video Codecs Market was valued US$ xx BN in 2019 and the total revenue is expected to grow at CAGR of xx % from 2019 to 2027, reaching US$ xx Bn.
Global Next-Gen Video Codecs Market
This is a comprehensive global report targeted on present and future prospects of the Global Next-Gen Video Codecs Market. The report presents a consolidation of primary and secondary analysis that provides market size, share, dynamics and forecast for numerous segments and sub-segments considering the macro and small environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of Global Next-Gen Video Codecs Market by year-wise and region and on the key players revenue affected and expected short term and long-term impact on the market.
Global Next-Gen Video Codecs Market Overview:
With the advancement of video compression techniques, video coding standards are rapidly developing. H.264/AVC demonstrates superior coding efficiency enhancement over its predecessors as the state of the art video coding standard. Both VCEG and MPEG are currently launching their next-generation video coding project, which aims to fulfill the new standards that could be placed on the video coding standard by potential applications. Video coding techniques provide efficient solutions for more compact and robust representation of video data so that video storage and transmission can be realized in terms of size, bandwidth and power consumption at less cost. Video coding standards were established by two international organizations, ITU-T and ISO/IEC, to fulfill the industry necessity of standardizing existing video techniques.
Global Next-Gen Video Codecs Market – Dynamics
The growing popularity of high-definition TV, video distribution on mobile devices, and other multimedia applications, however, creates new demands for standards for video coding. Both MPEG and VCEG have released their next-generation video coding initiative, which could theoretically be either an H.264/AVC extension or a whole new standard, to face new problems that new applications will impose.
Based on high-performance video coding, the development of next-gen video codecs was carried out (HEVC). Next-gen video codecs are mainly a hybrid, block-based standard of video coding where other systems are based on high-efficiency video coding (HEVC). Next-gen video codecs can predict rectangular blocks with chroma prediction, while only the square block can be predicted by HEVC. This has increased the end-video user’s sharing experience.
In order to enhance and boost the video watching experience, players such as Amazon Prime, Netflix, and Youtube are incorporating next-gen video codec technology on their platforms Demand has increased across the globe for ultra high definition and improved video viewing experience. 4K and ultra HD smart television demand has increased significantly. The increase in demand for improved image and video quality is driving the growth of the market for next-gen video codecs.
Normal network infrastructure needs a significant demand for improved viewing experiences. Owing to weak network infrastructure, which does not even meet the minimum global requirements, many Southeast Asian countries, African countries, and South American countries lag behind. This might hamper the growth of the demand for next-gen video codecs.
Companies Initiatives
In July 2019, Cisco Systems Inc. released a new high-quality real-time AV1 encoder for video collaboration that reduces bandwidth when it comes to video conferencing and increases viewing latency.
In March 2018, AV1, the next generation of video codecs, was introduced by the Open Media Alliance (AOM). In order to enhance the quality of video for users, AV1 has the potential to improve coding performance.
Global Next-Gen Video Codecs Market Regional Analysis
North America hold leading market share in the market for Global Next-Gen Video Codecs Market. In addition, the rise in R&D activities relating to building technology, where Next-Gen Video Codecs are useful, helps to fuel the development of the region’s Next-Gen Video Codecs Market. Due to rising software market, APAC region is more likely to rise in demand for Next-Gen Video Codecs.
The objective of the report is to present a comprehensive analysis of the Global Next-Gen Video Codecs Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Next-Gen Video Codecs Market dynamics, structure by analyzing the market segments and project of the Global Next-Gen Video Codecs Market size. Clear representation of competitive analysis of key players By Channel, Price, Financial position, Product portfolio, Growth strategies, and Regional Presence in the Global Next-Gen Video Codecs Market make the report investor’s guide.
Scope of Global Next-Gen Video Codecs Market
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Global Next-Gen Video Codecs Market, By Channel
• Single Channel
• Multi-Channel
Global Next-Gen Video Codecs Market, By Video Codecs Type
• AVC
• AV1
• HEVC
• VP9
• VVC
Global Next-Gen Video Codecs Market, By Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Next-Gen Video Codecs Market Key Players
• Hikvision (China)
• VITEC (France)
• Harmonic (US)
• Motorola Solutions (US)
• CISCO(US)
• CommScope (US)
• Axis Communications (Sweden)
• Dahua Technology (Chin)
• HaiVision (Canada)
• Netflix
• Amazon Prime
• Youtube
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