CHICAGO, Aug. 5, 2022 /PRNewswire/ — Video Encoder Market is estimated to reach USD 3.3 billion by 2027 from USD 2.3 billion in 2022 with a CAGR of 7.6% from 2022 to 2027, according to a new report by MarketsandMarkets™. The major driving the growth of the video encoder market include ease of connecting analog cameras to networks, the use of cloud services to store a large amount of data, and the adoption of high-efficiency video coding (HEVC) standards for video encoding. Key players in the market focus on research and development (R&D) to enhance the functionalities of the video encoders offered. The growth of mobile-streaming videos and the optimization of network bandwidth for cable operators are also creating immense opportunities for the video encoder market the video encoders market has been segmented based on number of channels, type, application, and region.
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Rack-Mounted Video Encoders Expected to Register Higher CAGR During Forecast Period
The market for rack-mounted video encoders is expected to grow at highest CAGR between 2022 and 2027. The adoption of standalone video encoders has increased in recent years, as they are cost-efficient and beneficial in situations that only need a few cameras to be connected. However, the rack-mounted video encoders segment accounts for a larger market share. This segment is also projected to register the highest CAGR during the forecast period. These video encoders are useful in instances where large installations with analog …