Next-Gen Video Codecs Market: Global Industry Analysis and Forecast (2021-2029)

Next-Gen Video Codecs Market was valued at US$ 1.9 Bn. in 2021 and is expected to grow at US$ 9.2 Bn. in 2029. Global Next-Gen Video Codecs Market size is expected to grow at a CAGR of 25.27 % through the forecast period.

Next-Gen Video Codecs Market Overview:

A next-gen video codec is software or hardware that compresses and decompresses digital video. In the context of video compression, codec is a portmanteau of encoder and decoder, while a device that only compresses is typically called an encoder, and one that only decompresses is a decoder. Next-gen video codecs are mainly a hybrid, block-based standard of video coding where other systems is 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. Modern video codecs use the so called “lossy compression”, which exploits the characteristics of the human visual system in order to achieve high compression rates, such as 20:1. Next-Gen Video Codecs Market To know about the Research Methodology :- Request Free Sample Report The report explores the Global Next-Gen Video Codecs Market segments (Channel, Video Codecs Type and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Global Next-Gen Video Codecs Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Next-Gen Video Codecs Market contemporary competitive scenario.

Next-Gen Video Codecs Market Dynamics:

Drivers: Rising demand for better video experience drives the market 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. Globally, there is a growing demand for extremely high resolution and better video viewing experiences. The market for 4K and super HD smart televisions has grown significantly. Players like Amazon Prime, Netflix, and Youtube are incorporating next-generation video codec technology on their platforms to enhance and improve the video viewing experience. The market for next-generation video codecs is expanding as a result of the growing need for higher picture and video quality. The rising demand for better video experience in data-strapped locations leads to the growth of the Global Next-Gen Video Codecs Market. In comparison to advanced video coding AVC, next-generation video codecs can make sure that high quality data can be delivered with less consumption. High-quality video can be streamed using next-generation video codecs. Video codecs of the future can transmit 720p at less than 1.5Mbps. The demand for the next-generation video codecs is growing due to their high efficiency. Growing demand from for diagnostic information and measurement data is further fueling the market growth. Expanding the high-tech and media sector coupled with the rising demand for ultra-high-definition video content is also projected to augment the market growth. Restrains: Network Infrastructure Issues Limiting the Market for Next-Generation Video Codecs The Improper Network Infrastructure is the one of the keys restrain which hampers the growth of the Global Next-Gen Video Codecs Market. Standard network infrastructure is required due to the huge demand for enhanced viewing experiences. Due to inadequate network infrastructure that does not even adhere to the most fundamental international standards, several nations in Southeast Asia, Africa, and South America are falling behind. As a result, this lead to restrain the growth of the Next-Gen Video Codecs Market. Some network problems can arise from faulty hardware, such as routers, switches, firewalls, and even from unexpected usage patterns, like network bandwidth spikes, changes in app configuration, or security breaches. Challenges: The video surveillance technologies challenge the growth of the market. Today’s next generation of video surveillance technologies can create challenges for colleges and universities. If the network infrastructure that is implemented to operate these systems is sub-optimally designed or ineffectively managed, it can have serious ramifications on surveillance effectiveness. The capital expenditure needed to upgrade infrastructure can act as a roadblock when it’s time to scale the system as the organization grows. Worse, as AI solutions and the Cloud become increasingly integrated into video surveillance systems, they can create significant security concerns. The video codec can cause errors, artifacts, and quality loss which challenges the market growth.

Next-Gen Video Codecs Market Segment Analysis:

Based on Video Codecs Type, The HEVC segment holds the largest market share in 2021. High Efficiency Video Coding or H.265 is a complex algorithm that compresses your video and resizes it to smaller units. It reduces bitrate requirements by half with comparable image quality, at the expense of increased computational complexity. Depending on the application requirements, HEVC encoders can trade off computational complexity, compression rate, robustness to errors, and encoding delay time. Two of the key features where HEVC was improved compared to H.264/MPEG-4 AVC was support for higher resolution video and improved parallel processing method. HEVC is targeted at next-generation HDTV displays and content capture systems which feature progressive scanned frame rates and display resolutions from QVGA (320×240) to 4320p (8192×4320), as well as improved picture quality in terms of noise level, color spaces, and dynamic range. These all factors lead to the growth of the HEVC segment of Global Next-Gen Video Codecs Market. Next-Gen Video Codecs Market

Next-Gen Video Codecs Market Regional Insights:

North America region is expected to witness significant growth at a CAGR of xx% through the forecast period. Due to strongest network infrastructure as compared to other regions, the North America region leads to the growth of the 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. High presence of mobile companies and in the U.S. such as Apple, Google, and Microsoft are a major factor aiding in growth of the market in this region. In addition to this, the increasing smart phone users in the United States have also accelerated the market in this region. Audio Codecs being an integral part of a smart phone device, the increase in demand for smart phones has led to rise in demand for Audio Codec. Due to rising software market, APAC region is more likely to rise in demand for Next-Gen Video Codecs. Asia Pacific has emerged as a major manufacturing hub for the consumer electronics, which use audio codec. Some emerging economies such as China, India, and Japan are few of the major mobile phone manufacturing countries in the region. The objective of the report is to present a comprehensive analysis of the Next-Gen Video Codecs Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, 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 reports also help in understanding the Next-Gen Video Codecs Market dynamic, structure by analyzing the market segments and projecting the Next-Gen Video Codecs Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Next-Gen Video Codecs Market make the report investor’s guide.

Next-Gen Video Codecs Market Scope: Inquire before buying

Global Next-Gen Video Codecs Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 1.9 Bn.
Forecast Period 2022 to 2029 CAGR: 25.27% Market Size in 2029: US$ 9.2 Bn.
Segments Covered: by Channel • Single Channel • Multi-Channel
by Video Codecs Type • AVC • AV1 • HEVC • VP9 • VVC

Next-Gen Video Codecs Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Next-Gen Video Codecs Market Key Players

Hikvision • VITEC • Harmonic • Motorola Solutions • CISCO • CommScope • Axis Communications • Dahua Technology • HaiVision • Netflix • Amazon Prime • YouTube • Flir Systems • Bosch Security Systems • Matrox • Netposa • Sumavision • ATEME • Tieline Technology Frequently Asked Questions: 1] What segments are covered in the Global Next-Gen Video Codecs Market report? Ans. The segments covered in the Global Next-Gen Video Codecs Market report are based on Channel and Video Codecs Type. 2] Which region is expected to hold the highest share in the Global Next-Gen Video Codecs Market? Ans. North America region is expected to hold the highest share in the Global Next-Gen Video Codecs Market. 3] What is the market size of the Global Next-Gen Video Codecs Market by 2029? Ans. The market size of the Global Next-Gen Video Codecs Market by 2029 is expected to reach US$ 9.2 Bn. 4] What is the forecast period for the Global Next-Gen Video Codecs Market? Ans. The forecast period for the Global Next-Gen Video Codecs Market is 2022-2029. 5] What was the market size of the Global Next-Gen Video Codecs Market in 2021? Ans. The market size of the Global Next-Gen Video Codecs Market in 2021 was valued at US$ 1.9 Bn.
1. Global Next-Gen Video Codecs Market: Research Methodology 2. Global Next-Gen Video Codecs Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Next-Gen Video Codecs Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Next-Gen Video Codecs Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Next-Gen Video Codecs Market Segmentation 4.1. Global Next-Gen Video Codecs Market, By Channel (2021-2029) • Single Channel • Multi-Channel 4.2. Global Next-Gen Video Codecs Market, By Video Codecs Type (2021-2029) • AVC • AV1 • HEVC • VP9 • VVC 5. North America Global Next-Gen Video Codecs Market (2021-2029) 5.1. North America Global Next-Gen Video Codecs Market, By Channel (2021-2029) • Single Channel • Multi-Channel 5.2. North America Global Next-Gen Video Codecs Market, By Video Codecs Type (2021-2029) • AVC • AV1 • HEVC • VP9 • VVC 5.3. North America Global Next-Gen Video Codecs Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Global Next-Gen Video Codecs Market (2021-2029) 6.1. European Global Next-Gen Video Codecs Market, By Channel (2021-2029) 6.2. European Global Next-Gen Video Codecs Market, By Video Codecs Type (2021-2029) 6.3. European Global Next-Gen Video Codecs Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Global Next-Gen Video Codecs Market (2021-2029) 7.1. Asia Pacific Global Next-Gen Video Codecs Market, By Channel (2021-2029) 7.2. Asia Pacific Global Next-Gen Video Codecs Market, By Video Codecs Type (2021-2029) 7.3. Asia Pacific Global Next-Gen Video Codecs Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Global Next-Gen Video Codecs Market (2021-2029) 8.1. Middle East and Africa Global Next-Gen Video Codecs Market, By Channel (2021-2029) 8.2. Middle East and Africa Global Next-Gen Video Codecs Market, By Video Codecs Type (2021-2029) 8.3. Middle East and Africa Global Next-Gen Video Codecs Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Global Next-Gen Video Codecs Market (2021-2029) 9.1. South America Global Next-Gen Video Codecs Market, By Channel (2021-2029) 9.2. South America Global Next-Gen Video Codecs Market, By Video Codecs Type (2021-2029) 9.3. South America Global Next-Gen Video Codecs Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1 Hikvision 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. VITEC 10.3. Harmonic 10.4. Motorola Solutions 10.5. CISCO 10.6. CommScope 10.7. Axis Communications 10.8. Dahua Technology 10.9. HaiVision 10.10. Netflix 10.11. Amazon Prime 10.12. YouTube 10.13. Flir Systems 10.14. Bosch Security Systems 10.15. Matrox 10.16. Netposa 10.17. Sumavision 10.18. ATEME 10.19. Tieline Technology 10.20. Others

About This Report

Report ID 79931
Category Information Technology & Telecommunication
Published Date July 2022
Updated Date
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