The multi-viewer surveillance systems market is expected to register a valuation of US $ 1,554.1 million by 2028, according to a recent study by The Insight Partners

NEW YORK, 25 August 2021 / PRNewswire / – Based on our new research study on “Multi-Viewer Surveillance Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Component, Application, End User and Geography ”, the market is expected to reach US $ 1,554.1 million by 2028 onwards US $ 1,113.1 million in 2021; it is expected to grow at a CAGR of 4.9% during the forecast period of 2021 to 2028.

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The growing adoption of OTT has significantly helped the video, music, podcast and audio streaming categories. Narrow gender selections, packaging flexibility, wider device availability, internet penetration, and overall cheaper costs all contribute to increased acceptance of OTT. Additionally, the growing need for personalized content translates into increased adoption rates of OTT devices. The OTT market is driven by the continued commoditization of sports and entertainment services, as well as increased competition among OTT providers. According to Deltatre’s 2019 edition of “The Future of Sports Entertainment,” sports content distributors around the world are investing around 15% of their entire operating budget to develop the OTT technology stack. In addition, companies providing OTT platform services invest in the development and licensing of their content rather than just being seen as platforms for accessing movies and TV episodes. . As a result of this situation, traditional television and the OTT business are now in direct competition. The deployment of innovative technologies within the platforms reinforces the rivalry. For example, in June 2019, Dabby, an AI-based search engine, was launched to aid in the discovery of popular shows available on the services / platforms.

North America had the largest share of the multi-viewer surveillance systems market, followed by APAC and Europe. United States, Canada, and Mexico are the main savings of North America which have experienced growth in their industrial sectors, including film and entertainment. The US entertainment industry includes television subscriptions, movie theaters, live production, electronic home video production, as well as distribution and consumption. With the increasing penetration of digital content and other mentioned entertainment services, the reach of multi-viewer monitors will also increase. In the region, the United States is known to have adopted technologies at an early stage. As a result, live production is fueled exponentially across the country. Increased use of automation to make systems accessible to everyone and easy to use; use of MIDI controllers; wider adoption of control panels, including hardware, software and touch screens; and remote production are the latest trends that would help revolutionize live production.

Cover of the report

Details

Forecast period

2020 – 2028

Number of pages

163

Number of tables, charts and figures

171

Market size in 2021

1,113.13 million (USD)

Market size by 2028

1,554.14 million (USD)

CAGR for the forecast period

4.9%

Covered segments

Component, Application

Country scope

United States, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

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In North America, the United States is expected to grow at the fastest CAGR. The United States is a technologically advanced country known for adopting advanced technologies at an early stage. The country has a huge presence of multi-viewer surveillance solution providers in its territory, which generates huge opportunities for the growth of the market. Barco; Rohde & Schwarz; Evertz; and Mividi, Inc. are some of the companies active in the US market for multi-viewer surveillance systems. In addition, the trend of IP streaming, video walls and the use of advanced systems to enhance security and surveillance is prevailing in the US market at a high rate, which is expected to influence the use of multi-viewer monitors.

Growth of over-the-top streaming to propel the growth of multi-viewer surveillance system in the years to come

Given the growing growth of the OTT streaming business, multi-viewer surveillance system vendors are also offering custom OTT solutions. For example, Mediaproxy Pty Ltd provides an IP multi-viewer software solution to monitor live streams from broadcast and live broadcast (OTT) sources. LogServer, an OTT flow monitoring tool, is also available from the company. With integrated check-in, multi-channel review and trust monitoring, the solution offers seamless interaction with OTT sources, providing broadcasters with an easy-to-deploy solution to manage internet feeds. To handle the rise of OTT, TAG Video Systems upgraded the error source recording functionality and the capacity of its viewing and monitoring platform. Thus, the growth of OTT streaming industry is expected to contribute to the growth of the Multi-Viewer Surveillance System market during the forecast period.

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Multi-Viewer Surveillance Systems Market: End User Overview

On the basis of end user, the multi-viewer surveillance systems market is segmented into media and entertainment, military, enterprise, retail, and other end-users. The media and entertainment industry is one of the largest end users of multi-viewer surveillance systems, due to the high volume of channel surveillance requirements by broadcasting companies. Due to their high flexibility and low latency functionality, multi-user surveillance systems are easily adaptable to various end-use scenarios.

Multi-spectator Surveillance Systems Market: Competitive Landscape and Key Developments

Barco; Cinegy LLC; Evertz; Grass Valley Canada; Lawo SA; Mividi, Inc .; RGB spectrum; Rohde and Schwarz, Inc .; Flow laboratories; and TAG VS LTD. are among the key players in the global multi-viewer surveillance systems market. Leading companies focus on expanding and diversifying their market presence and acquiring new customers, thereby exploiting existing business opportunities.

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In 2021, MoscowShowCraft, distributor of professional audio, video and lighting systems in Russia, Belarus, Kazakhstan, and Kirgizia signed a partnership agreement with Lawo, strengthening its presence with a powerful and experienced partner.

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The Insight Partners is a one-stop-shop for industrial research in actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Health Informatics, Manufacturing & Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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