Global Video Codec Market Expected to Reach XX Million by 2025

2018-04-10 11:17:12

According to a new report published by Reports Monitor titled, “Video Codec Market By Product, Therapeutic Applications and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Video Codec Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the Video Codec Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. 

A video codec is an electronic circuit or software which compresses or decompresses digital video. It converts uncompressed video to a compressed format or vice versa. In the context of video compression, ""codec"" is a concatenation of ""encoder"" and ""decoder""—a device that only compresses is typically called an encoder, and one that only decompresses is a decoder.

The compressed data format usually conforms to a standard video compression specification. The compressed video lacks some information present in the original video. As a result of which the decompressed video has lower quality than the original, uncompressed video due to insufficient information to accurately reconstruct the original video.

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North America is expected to be the largest market for Video Codec. Large media sector, strong economy, and early adoption of advanced technology are some of the factors that are driving the growth of this market in this region.  Europe is anticipated to be the second largest market for Video Codec. 

Global Video Codec Market has been segmented majorly on the basis of Product (AVS, DivX, H.264 & H.265 and Others), Applications (Digital Cable DVD Television Broadcasting System Others) & End-User (Cosmetics, Nutraceutical, Pharmaceutical & Research Laboratories).

Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Video Codec Market and what are their strategies?
• What segment and region will lead the market and why?

The major companies profiled in the report include: Apple, Real Networks, Intel, Microsoft, Huawei, Analog Devices, Netposa, DivX , Google, Tieline Technology, and Cisco Systems, Inc.

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