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(Wireless-NewsWire.Com, September 20, 2024 ) The next-generation video codecs market is growing rapidly because of the increased demand for streaming services and high-quality video content. More effective codecs, such as AV1 and VVC, are essential for lowering bandwidth usage without sacrificing quality as video resolution rises. However, there are drawbacks, such as expensive licensing fees and the requirement for modern hardware.
The leading market players will have significant growth possibilities in the media, gaming, and virtual reality industries. With the continuous rise in over-the-top (OTT) platforms emerging players will have competitive position in the existing market.
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Next-Gen Video Codecs Market Segmentation
by Channel
Single Channel
Multi-Channel
by Video Codecs Type
AVC
AV1
HEVC
VP9
VVC
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Next-Gen Video Codecs Market Key Players:
Hikvision
VITEC
Harmonic
Motorola Solutions
CISCO
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