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Multi-Viewer Monitoring System Market Worth US$ 1,554.14 Million, Globally, by 2028 at 4.9% CAGR - Exclusive Report by The Insight Partners
According to our latest market study on "Multi-Viewer Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Application, and End User," the market is expected to grow from US$ 1,113.13 million in 2021 and is projected to reach US$ 1,554.14 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.The report includes a SWOT analysis of leading companies form global Multi-Viewer Monitoring System Market. It also encloses and studies the most recent market developments that are likely to affect the industry. Moreover, the products & services offered by these companies are documented as well. Leading companies contributing to Multi-Viewer Monitoring System Market valuation are Barco; Cinegy LLC; Evertz; Grass Valley Canada; Lawo AG; Mividi, Inc.; RGB Spectrum; Rohde and Schwarz, Inc.; Stream Labs; and TAG V.S. LTD.
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Multi-viewer monitoring system finds application in various industries requiring broadcasting or multi-channel monitoring facilities. Based on application, the multi-viewer monitoring system market can be broadly categorized into live production, playout, and others. Multiviewers are a fundamental block in all production, postproduction, and delivery applications. Moreover, multi-viewer monitoring systems are used for on-premises playout monitoring of a large number of channels in real-time.
Other applications of multi-viewer monitoring system include OTT monitoring, headend DTH and cable, transmission and network operation center, and non-broadcast applications. Due to the rapid growth of streaming platforms, there is an emerging requirement to monitor a wide range of OTT formats, including UDP, RTP, HLS, LSS, HDS, and MPEG-DASH, as well as audio, video, ancillary data, ID3 tags data, and any HTTP-related errors. This increasing competition in the market has forced DTH and cable service providers to stand out in the market through monitoring of different types of signals, user experience, and signal confidence, among others.
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Growth of global broadcasting industry is driving the growth of the market. numerous broadcasting equipment suppliers are developing and enhancing their products to improve broadcasting quality, thereby supporting the industry's growth. For instance, Sencore announced improvements to the audio, video capture, and closed captioning functionalities of the VB440â€"an uncompressed video over IP monitoring systemâ€"in June 2021. Support for SMPTE 2110-31 compressed audio, 5.1 and 7.1 multichannel configurations, and room meter analytics are among the new audio features. Thus, the above-mentioned advancements made by the broadcasting equipment manufacturers in contributing to the growth of the broadcasting industry are propelling the growth of the multi-viewer monitoring system market.
Impact of COVID-19 Pandemic on Multi-viewer Monitoring System Market
Owing to favorable government policies to encourage innovation, the presence of a large industrial base, and high purchasing power, North America is one of the most important regions for adopting and developing new technologies, particularly in developed countries such as the US and Canada. As a result, any influence on industry growth is projected to have a negative influence on the region's economic growth. Businesses in the region have been significantly impacted by COVID-19 in four key areas: supply chain/operations, personnel, 2020 investments, and product offering.
Chapter Details of Multi-Viewer Monitoring System Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Multi-Viewer Monitoring System Market Landscape
Part 04: Multi-Viewer Monitoring System Market Sizing
Part 05: Multi-Viewer Monitoring System Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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