$4550
$2730
The multi-viewer monitoring system market is expected to grow from US$ 1,113.13 million in 2021 to US$ 1,554.14 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.
Consumer desire for higher-quality video and audio has resulted in significant improvements in the broadcasting sector as products and technology have been continually enhanced over the previous few decades. With videos being produced in UHD and 4K formats, IP live production technology was developed to allow for transmission in the same format for increased viewing quality. This is especially important in live production, where system control must be fluid and efficient. Broadcasters are putting more emphasis on product development to replace traditional SDI-based settings with live production systems that provide system management and efficiency. In addition, the rising adoption of high-efficiency video coding (HEVC) standards is driving the demand for encoders in the industry. Furthermore, the emergence of multi-channel video encoders has enabled users to generate several streams, resulting in reduced system requirements.
Impact of COVID-19 Pandemic on Multi-Viewer Monitoring System Market
Although, investment in security & surveillance, retail, and media & entertainment is usually high across the region, the COVID-19 pandemic has reduced the investments by the end users in innovative and advanced products and technologies. Also, the sudden outbreak of COVID-19 led to temporary closure of manufacturing units, thereby impacting the manufacturing of multi-viewer monitoring systems by the market players. Additionally, the disruption of supply chain has adversely impacted the supply of both manufacturing components and finished products across the region. Thus, the outbreak of the COVID-19 pandemic has an adverse impact on the Multi-Viewer Monitoring System market across the world.
Lucrative Regions for Multi-Viewer Monitoring System Providers
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Multi-Viewer Monitoring System Market Insights
Rise in Adoption of Multi-Viewer Monitoring System in Various Industries Fuels Growth of Multi-Viewer Monitoring System Market
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.
Several multiviewer monitoring system providers are, therefore, customizing solutions for these industries for expanding their market share. For instance, Spy CCTV PTY LTD offers HDMI 4×1 Quad Multi-Viewer solution, which can not only seamlessly switch multi-way HD audio and video signals to a single picture but also can split the multiway signals and display them on the same monitor, with various video segmentation modes. It is widely used for multiuser video conference systems, surveillance monitoring, and retail stores. Similarly, RGB Spectrum offers multi-viewer monitoring systems for a wide range of industries such as defense, aerospace, corporate, medical, government, security, and education. Thus, the rising adoption of multi-viewer monitoring systems among the above-mentioned industries is driving the market.
Component - Based Market Insights
Based on component, the multi-viewer monitoring system market is sub-segmented into hardware, software, and services. In 2020, the hardware segment accounted for the largest share in the market.
Multi-Viewer Monitoring System Market, by Component, 2020 and 2028 (%)
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Application-Based Market Insights
Based on application, the multi-viewer monitoring system market is segmented into surface cleaning, rubber removal, paint removal, and other applications. In 2020, the surface cleaning segment accounted for the largest market share.
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Multi-Viewer Monitoring System Market: Strategic Insights
Market Size Value in US$ 1,113.13 Million in 2021 Market Size Value by US$ 1,554.14 Million by 2028 Growth rate CAGR of 4.9% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Multi-Viewer Monitoring System Market: Strategic Insights
Market Size Value in | US$ 1,113.13 Million in 2021 |
Market Size Value by | US$ 1,554.14 Million by 2028 |
Growth rate | CAGR of 4.9% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystThe players operating in the multi-viewer monitoring system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In June 2020, Moscow-based ShowCraft, distributor of professional audio, video and lighting systems in Russia, Belarus, Kazakhstan, and Kirgizia has signed a partnership agreement with Lawo, strengthening its presence with a powerful and experienced partner.
- In April 2020, Grass Valley has announced that Electronic Arts Competitive Gaming Entertainment (CGE), the company's esports division, selected Grass valley’s product GV AMPP (Agile Media Processing Platform) to enable fully distributed, remote production for its major competitive gaming events EA SPORTS™ FIFA 21 and Apex Legends.
The Global Multi-viewer Monitoring System Market has been Segmented as mentioned below:
By Type
- Hardware
- Software
- Services
By Application
- Live Production
- Playout
- Other Applications
By End User
- Media and Entertainment
- Military
- Enterprises
- Retail
- Other End Users
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Multi-Viewer Monitoring System Market- Company Profiles
- Barco
- Cinegy LLC
- Evertz
- Grass Valley Canada
- Lawo AG
- Mividi, Inc.
- RGB Spectrum
- Rohde & Schwarz GmbH & Co.
- Stream Labs
- TAG Video Systems
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component , Application , and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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 VB440—an uncompressed video over IP monitoring system—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.
Growth of over-the-top (OTT) streaming market is expected to create new market opportunities. Because of the increasing growth of the OTT streaming business, multi-viewer monitoring system vendors are also offering customized OTT solutions. For example, Mediaproxy Pty Ltd provides a software-based IP multiviewer solution for monitoring live streams from broadcast and over-the-top (OTT) sources. LogServer, an OTT stream monitoring tool, is also available from the company. With built-in recording, multi-channel review, and confidence monitoring, the solution delivers seamless interaction with OTT sources, giving broadcasters an easy-to-deploy solution for handling internet-based feeds. To handle the surge in OTT, TAG Video Systems has upgraded the error source recording features and capacity of its multiviewer and monitoring platform. Thus, the growth of the OTT streaming industry is expected to contribute to the growth of the multi-viewer monitoring system market over the forecast period
The global multi-viewer monitoring system market was dominated by the hardware segment with market share of 64.9% in 2020. The segment is expected to grow at a CAGR of 4.7% over the years.
In 2020, North America led the market with a substantial revenue share, followed by APAC and Europe. However, the APAC multi-viewer monitoring system market is expected to grow with the highest CAGR over the forecast period.
The major companies in multi-viewer monitoring system includes Barco; Cinegy LLC; Evertz; Grass Valley Canada; Lawo AG; Mividi, Inc.; RGB Spectrum; Rohde and Schwarz, Inc.; Stream Labs; and TAG V.S. LTD.
The major industries in multi-viewer monitoring system includes media and entertainment, military, enterprises, retail, and other. The media & entertainment segment led the multi-viewer monitoring system market globally with a market share of 59.3% in the year 2020 and is expected to continue its dominance during the forecast period.
The List of Companies - Multi-Viewer Monitoring System Market
- Barco
- Cinegy LLC
- Evertz
- Grass Valley Canada
- Lawo AG
- Mividi, Inc.
- RGB Spectrum
- Rohde & Schwarz GmbH & Co.
- Stream Labs
- TAG Video Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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