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Market research analysts at Technavio predict that the global video encoders market size and share will grow at a CAGR of more than 17% by 2021. Benefits such as the reduction in required workforce is identified as one of the primary growth factors for this market. Studying and analyzing many cameras needs a large workforce. Video encoders assist in reducing the workforce since the data is collected at a quicker rate and can be generated by using minimal devices. Governments across the world have already made it mandatory for the installation of security cameras and video surveillance in all public places and residential buildings due to the rising number of thefts and crimes. Several developed countries have started installing video surveillance cameras in public places like hypermarkets, railway stations, hospitals, hotels, airports, and malls. This will subsequently drive the demand for video encoders to secure the premises without increasing the required workforce.
In terms of geographic regions, the Americas will be the major revenue contributor to the video encoders market throughout the forecast period. Factors such as the increasing modernization and the rise in replacement cameras with efficient security cameras such as advanced video encoders will drive the growth of the market in this region.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by sector
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Source: Technavio Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
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