Global Industry Analysts Predicts the World Video Encoders Market to Reach $2.3 Million by 2026
SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Video Encoders - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Amid the COVID-19 crisis, the global market for Video Encoders estimated at US$1.9 Million in the year 2020, is projected to reach a revised size of US$2.3 Million by 2026, growing at a CAGR of 2.9% over the analysis period. Cable TV, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$946.2 Thousand by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the DTH segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $539.5 Thousand in 2021, While China is Forecast to Reach $457.9 Thousand by 2026
DTT Segment to Reach US$507.9 Thousand by the year 2026
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SOURCE Global Industry Analysts, Inc.
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