The Worldwide Video Encoder Industry is Expected to Reach $1.7 Billion by 2026
Retrieved on:
Monday, May 16, 2022
DUBLIN, May 16, 2022 /PRNewswire/ --The "Global Video Encoder Market - Forecast from 2021 To 2026" report has been added to ResearchAndMarkets.com's offering.
Key Points:
- DUBLIN, May 16, 2022 /PRNewswire/ --The "Global Video Encoder Market - Forecast from 2021 To 2026" report has been added to ResearchAndMarkets.com's offering.
- The global video encoder market is expected to grow at a compound annual growth rate of 3.78% over the forecast period to reach a market size of US$1.753 billion in 2026, from US$1.352 billion in 2019.
- Video encoders are used to convert analog video signals to digital signals for delivery to a decoder.
- In addition, video encoding allows changing video file types to fit different kinds of devices like smartphones, laptops, tablets, etc.