According to the new research report titled “Multi-Viewer Monitoring System Market Forecast to 2028 – Covid-19 Impact and Global Analysis,” published by The Insight Partners, the global multi-viewer monitoring system market is expected to reach US$ 1,554.1 million by 2028, registering a CAGR of 4.9% during 2021–2028, the forecast period considered in the report.
Apart from the broadcasting industry, the multi-viewer monitoring systems is experiencing a rise in adoption across various industries such as retail, military and defense, education, and aerospace. These industries are actively adopting the multi-viewer monitoring systems, owing to their wide applications, which include satellite uplink/downlink, cable head end & IPTV head end, OB vans, video walls, NOC control rooms, surveillance security information displays, and traffic and transportation applications.
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The presence of developing economies such as China, India, South Korea, Malaysia, the Philippines, and Taiwan helps in making Asia a developing region. Stable economies and technological advancements support the growth of diversified industries and markets in Asia. The multi-viewer monitoring system market players in the region are experiencing significant demand for their products due to rise in disposable income of individuals, better internet infrastructure, and willingness to spend on subscription fees.
Moreover, change in technology structure, competitive environment due to presence of different entertainment platforms, and rise in customer inclination toward digital content are among other factors likely to impact the growth of multi-viewer monitoring system market in Asia. As the penetration of internet and mobile technologies in Asia is increasing, the inclination of consumers toward OTT platforms such as Netflix and Amazon Prime is growing. This inclination will assist in boosting the broadcasting demand, thereby boosting the adoption of multi-viewer monitoring systems for creating and commercializing digital content.
IP-based streaming networks are flourishing in Asian nations, allowing broadcasters and service providers to scale up operations more quickly. Because customers now have the freedom to watch any content at any time and from any location, their expectations have reached new heights. This aspect encourages broadcasters to maintain a dependable broadcasting system in order to minimize issues such as jitter, packet loss, operational production violations, and encoding impairments.
There are various other notable players in the global multi-viewer monitoring system ecosystem, such as Cinegy LLC; Grass Valley Canada; Lawo AG; Mividi, Inc.; RGB Spectrum; Stream Labs; and TAG V.S. Ltd. In addition to the ten players that are profiled in the report, there are several other global, regional, and local players in the multi-viewer monitoring system market ecosystem/value chain which were studied and analyzed during this study to gain a holistic view of the global market size and growth trends. Some of these players include EVS Broadcast Equipment; Stirlitz Media sp. z o.o.; Vela Research, LP.; FOR-A Company Limited; Kramer Electronics; Ensemble Designs, Inc.; Craltech Electronica S.L; and Dualz among many others.
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