Global Multi-viewer/Video wall Market by Component (Hardware, Software, and Services), by Type (Standalone Multi-viewers, Modular Multi-viewers, and Router Integrated Multi-viewers), By Application (Sports & Live Programs, Mobile Production truck, Distribution & Broadcasting, Security Systems, and OTT), By End-users (Residential and Commercial) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Multi Viewer/Video Wall Market Outlook
The global Multi-viewer/Video wall market was valued at USD 1,050.5 million in 2020 and is projected to reach USD 1,601.3 million by 2028, expanding at a CAGR of 5.5% during the forecast period. Growth in the broadcast industry, as well as the transition from analog to digital technology and advancement in technology, are anticipated to drive the market during the forecast period. The Multi-viewer/Video wall market is segmented into components, types, applications, end-users, and regions.
An increasing number of strategies such as mergers & acquisitions, agreements, partnerships, and product launches among companies to establish themselves as providers of Multi-viewer/Video walls are anticipated to create lucrative opportunities in the market in the near future. The rising adoption of various strategies by market players to increase their presence and share in the market is expected to create growth opportunities in the market.
Macro-economic Factors
Technological Advancement
Businesses are concerned about investing in new technologies and product development. Companies are working to improve traditional technology while exploring new opportunities in the technology, media, and telecommunications industries. Designers are concentrating on creating user-friendly software. Technological advancements support globally diverse industries and the growth of the market.
Coronavirus
Covid-19 is affecting the broadcast equipment, and the impact is worsening on the multi-viewer/video wall market. Furthermore, the disruption in the supply chain has had a negative impact on the supply of manufacturing components and finished products throughout the region. As a result, the outbreak of the COVID-19 pandemic had a negative impact on the global multi-viewer monitoring system market.
Furthermore, Investors were restricted from investing in the industries, and the key players in the market were extremely worried. Investment in security and surveillance, retail, and media and entertainment are typically high across the region, due to the COVID-19 pandemic, which reduced end-user investments in innovative and advanced products and technologies.
Multi Viewer/Video Wall Market Dynamics
Market Driver- Growth in the broadcast industry, as well as the transition from analog to digital technology
One of the most significant inventions of the twentieth century was broadcasting via analog radio and television systems. Multi-viewers are a lifesaver in today's AV industry. Multi-viewers have progressed from assisting engineers in evaluating signal distribution paths from their routers to serving as a high-quality multi-signal live preview and recording device. Multi-viewer technology combines audio, video, signals, tallies, and other elements of broadcast programming onto one or more screens.
In the most broadcast control room, multi-viewers are now standard. The ability to display multiple images at different resolutions in an active and situational-aware display has numerous advantages, and market forces and consumer demand will eventually drive broadcasting digitization. The multi-viewer monitoring system is growing in the global broadcast industry, which is expected to boost the growth of the multi-viewer / video wall market.
Market Driver- Rising applications of multi-viewer monitoring systems in a variety of industries
The multi-viewer monitoring system is used to display video and audio services, analyze transport streams, generate alarms, log errors, and record streams. The system displays video or audio services from various input interfaces. Multi-viewer is available as a stand-alone platform or as part of an integrated system solution. Multi-viewers are designed for critical live streaming productions and real-time applications that require high quality, low latency, and operational flexibility.
Multi-viewer monitoring systems are used in a variety of industries, including media and entertainment, the military, business, retail, and many others. Furthermore, multi-viewer monitoring systems are being offered by the OTT platforms, gaming and entertainment industry, surveillance security information display, live production, and traffic and transportation applications.
Market Restraint- Data leakage and Cyber- security pose a threat to various industries
Data protection is a major concern. Many control rooms prioritize the security of confidential or proprietary information, especially in military applications. Maintaining the confidentiality and protection of company data is of vital importance in companies. Cloud-based data from internet applications like OTT brings with it all the hassles that the internet brings through multi-viewers / video walls. Viruses, worms, malware, spyware, and Trojan horses are examples of malicious software, as destroying a user's computer system or stealing and hacking mobile phones are common occurrences.
The breach revealed the personal information of approximately 9 million users, including their names, email addresses, and phone numbers. Increasing data leaks and cyberattacks in the information technology and telecommunications industry, such as decryption of encrypted data, are causing the loss of confidential and private data, which is seen as a market barrier.
Market Opportunity- Increasing demand for OTT platforms globally
OTT platforms have created new trends that have changed viewer preferences and content consumption. The region's OTT platform is expected to offer potential opportunities for new entrants, emerging players, and key players driving the growth of the multi-viewer / video wall market. Consumer preference for OTT platforms like Netflix and Amazon Prime is growing as the spread of the internet and mobile technology expands around the world.
The growth of OTT streaming is increasing due to the providers of multi-viewer surveillance systems, the growth of the OTT streaming business also offers tailored OTT solutions. It is expected to open up new market opportunities for dozens of OTT platforms with more paying subscribers in the future.
Multi Viewer/Video Wall Market Segmental Outlook
In terms of components, the market is segmented into hardware, software, and services. The hardware segment had a significant market share in 2020 and is expected to grow at a significant CAGR over the forecast period, as digital hardware design becomes more similar to software design, modeling languages or programming are frequently used to describe hardware circuits. Furthermore, using a hardware video wall controller has the advantages of high performance and dependability.
Based on types, the market is bifurcated the global Multi-viewers/Video wall market is segmented into standalone multi-viewers, modular multi-viewers, and router integrated multi-viewers. Standalone Multi-viewers had a significant market share, as Expandable Standalone Multi-viewers offer unmatched flexibility and ease of use, aiming to increase market adoption of multi-viewer / video walls.
the router integrated multi-viewers segment is expected to grow rapidly during the forecast period, due to the integrated licensed multi-viewer, high-quality image processing and scaling, an unmatched range of functions, input source transmission, a unique independent output routing function, and unlimited output expansion options.
On the basis of end-user, the market is divided the global Multi-viewers/Video wall market is segmented into residential and commercial. The commercial segment is expected to have a significant market share. The commercial is used in many large-scale applications, e.g., in media and entertainment, military, corporate, retail, and other end users. Due to its high flexibility and low latency, it is expected to grow at a significant CAGR over the forecast period.
Multi Viewer/Video Wall Market Regional Outlook
Based on regions, the market is divided into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for a significant share of the market in 2020, owing to increasing investments in modifications of multi-viewer components and well-established IT infrastructure in the region. The growing use of multi-viewers contributes to the expansion of the multi-viewer monitoring system market in the region.
Asia Pacific accounts for a substantial market share, due to increasing demand for a multi-viewer monitoring system in small and medium-sized domestic organizations and in various broadcasting industries, which in turn, drives the market in Asia Pacific.
Europe has a considerable share of the market, due to the rising electronic and telecommunication business in this region. Various industries in Europe are increasing their use of multi-viewer monitoring systems, which is expected to fuel the multi-viewer/video wall market in the region. The market in regions such as Latin America and the Middle East & Africa registered steady growth in the global market. The growing adoption of multi-viewer monitoring systems across various industries in the regions is expected to fuel the market.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Multi-viewer/Video wall Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Multi-viewer/Video wall Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-viewer/Video wall Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multi-viewer/Video wall Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-viewer/Video wall Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multi-viewer/Video wall Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multi-viewer/Video wall Market Size & Forecast, 2018-2028
4.5.1 Multi-viewer/Video wall Market Size and Y-o-Y Growth
4.5.2 Multi-viewer/Video wall Market Absolute $ Opportunity
4.6 Subscription-based content delivery model: Overview
Chapter 5 Global Multi-viewer/Video wall Market Analysis and Forecast By Component
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Component
5.1.2 Basis Point Share (BPS) Analysis By Component
5.1.3 Absolute $ Opportunity Assessment By Component
5.2 Multi-viewer/Video wall Market Size Forecast By Component
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis By Component
Chapter 6 Global Multi-viewer/Video wall Market Analysis and Forecast By Type
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Type
6.1.2 Basis Point Share (BPS) Analysis By Type
6.1.3 Absolute $ Opportunity Assessment By Type
6.2 Multi-viewer/Video wall Market Size Forecast By Type
6.2.1 Standalone Multi-viewers
6.2.2 Modular Multi-viewers
6.2.3 Router Integrated Multi-viewers
6.3 Market Attractiveness Analysis By Type
Chapter 7 Global Multi-viewer/Video wall Market Analysis and Forecast By Application
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Application
7.1.2 Basis Point Share (BPS) Analysis By Application
7.1.3 Absolute $ Opportunity Assessment By Application
7.2 Multi-viewer/Video wall Market Size Forecast By Application
7.2.1 Sports & Live Programs
7.2.2 Mobile Production Truck
7.2.3 Distribution & Broadcasting
7.2.4 Security Systems
7.2.5 OTT
7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Multi-viewer/Video wall Market Analysis and Forecast By End-users
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By End-users
8.1.2 Basis Point Share (BPS) Analysis By End-users
8.1.3 Absolute $ Opportunity Assessment By End-users
8.2 Multi-viewer/Video wall Market Size Forecast By End-users
8.2.1 Residential
8.2.2 Commercial
8.3 Market Attractiveness Analysis By End-users
Chapter 9 Global Multi-viewer/Video wall Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Multi-viewer/Video wall Market Size Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Multi-viewer/Video wall Analysis and Forecast
11.1 Introduction
11.2 North America Multi-viewer/Video wall Market Size Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Multi-viewer/Video wall Market Size Forecast By Component
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis By Component
11.8 Absolute $ Opportunity Assessment By Component
11.9 Market Attractiveness Analysis By Component
11.10 North America Multi-viewer/Video wall Market Size Forecast By Type
11.10.1 Standalone Multi-viewers
11.10.2 Modular Multi-viewers
11.10.3 Router Integrated Multi-viewers
11.11 Basis Point Share (BPS) Analysis By Type
11.12 Absolute $ Opportunity Assessment By Type
11.13 Market Attractiveness Analysis By Type
11.14 North America Multi-viewer/Video wall Market Size Forecast By Application
11.14.1 Sports & Live Programs
11.14.2 Mobile Production Truck
11.14.3 Distribution & Broadcasting
11.14.4 Security Systems
11.14.5 OTT
11.15 Basis Point Share (BPS) Analysis By Application
11.16 Absolute $ Opportunity Assessment By Application
11.17 Market Attractiveness Analysis By Application
11.18 North America Multi-viewer/Video wall Market Size Forecast By End-users
11.18.1 Residential
11.18.2 Commercial
11.19 Basis Point Share (BPS) Analysis By End-users
11.20 Absolute $ Opportunity Assessment By End-users
11.21 Market Attractiveness Analysis By End-users
Chapter 12 Europe Multi-viewer/Video wall Analysis and Forecast
12.1 Introduction
12.2 Europe Multi-viewer/Video wall Market Size Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Multi-viewer/Video wall Market Size Forecast By Component
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis By Component
12.8 Absolute $ Opportunity Assessment By Component
12.9 Market Attractiveness Analysis By Component
12.10 Europe Multi-viewer/Video wall Market Size Forecast By Type
12.10.1 Standalone Multi-viewers
12.10.2 Modular Multi-viewers
12.10.3 Router Integrated Multi-viewers
12.11 Basis Point Share (BPS) Analysis By Type
12.12 Absolute $ Opportunity Assessment By Type
12.13 Market Attractiveness Analysis By Type
12.14 Europe Multi-viewer/Video wall Market Size Forecast By Application
12.14.1 Sports & Live Programs
12.14.2 Mobile Production Truck
12.14.3 Distribution & Broadcasting
12.14.4 Security Systems
12.14.5 OTT
12.15 Basis Point Share (BPS) Analysis By Application
12.16 Absolute $ Opportunity Assessment By Application
12.17 Market Attractiveness Analysis By Application
12.18 Europe Multi-viewer/Video wall Market Size Forecast By End-users
12.18.1 Residential
12.18.2 Commercial
12.19 Basis Point Share (BPS) Analysis By End-users
12.20 Absolute $ Opportunity Assessment By End-users
12.21 Market Attractiveness Analysis By End-users
Chapter 13 Asia Pacific Multi-viewer/Video wall Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Multi-viewer/Video wall Market Size Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Multi-viewer/Video wall Market Size Forecast By Component
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis By Component
13.8 Absolute $ Opportunity Assessment By Component
13.9 Market Attractiveness Analysis By Component
13.10 Asia Pacific Multi-viewer/Video wall Market Size Forecast By Type
13.10.1 Standalone Multi-viewers
13.10.2 Modular Multi-viewers
13.10.3 Router Integrated Multi-viewers
13.11 Basis Point Share (BPS) Analysis By Type
13.12 Absolute $ Opportunity Assessment By Type
13.13 Market Attractiveness Analysis By Type
13.14 Asia Pacific Multi-viewer/Video wall Market Size Forecast By Application
13.14.1 Sports & Live Programs
13.14.2 Mobile Production Truck
13.14.3 Distribution & Broadcasting
13.14.4 Security Systems
13.14.5 OTT
13.15 Basis Point Share (BPS) Analysis By Application
13.16 Absolute $ Opportunity Assessment By Application
13.17 Market Attractiveness Analysis By Application
13.18 Asia Pacific Multi-viewer/Video wall Market Size Forecast By End-users
13.18.1 Residential
13.18.2 Commercial
13.19 Basis Point Share (BPS) Analysis By End-users
13.20 Absolute $ Opportunity Assessment By End-users
13.21 Market Attractiveness Analysis By End-users
Chapter 14 Latin America Multi-viewer/Video wall Analysis and Forecast
14.1 Introduction
14.2 Latin America Multi-viewer/Video wall Market Size Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Multi-viewer/Video wall Market Size Forecast By Component
14.6.1 Hardware
14.6.2 Software
14.6.3 Services
14.7 Basis Point Share (BPS) Analysis By Component
14.8 Absolute $ Opportunity Assessment By Component
14.9 Market Attractiveness Analysis By Component
14.10 Latin America Multi-viewer/Video wall Market Size Forecast By Type
14.10.1 Standalone Multi-viewers
14.10.2 Modular Multi-viewers
14.10.3 Router Integrated Multi-viewers
14.11 Basis Point Share (BPS) Analysis By Type
14.12 Absolute $ Opportunity Assessment By Type
14.13 Market Attractiveness Analysis By Type
14.14 Latin America Multi-viewer/Video wall Market Size Forecast By Application
14.14.1 Sports & Live Programs
14.14.2 Mobile Production Truck
14.14.3 Distribution & Broadcasting
14.14.4 Security Systems
14.14.5 OTT
14.15 Basis Point Share (BPS) Analysis By Application
14.16 Absolute $ Opportunity Assessment By Application
14.17 Market Attractiveness Analysis By Application
14.18 Latin America Multi-viewer/Video wall Market Size Forecast By End-users
14.18.1 Residential
14.18.2 Commercial
14.19 Basis Point Share (BPS) Analysis By End-users
14.20 Absolute $ Opportunity Assessment By End-users
14.21 Market Attractiveness Analysis By End-users
Chapter 15 Middle East & Africa (MEA) Multi-viewer/Video wall Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Multi-viewer/Video wall Market Size Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Multi-viewer/Video wall Market Size Forecast By Component
15.6.1 Hardware
15.6.2 Software
15.6.3 Services
15.7 Basis Point Share (BPS) Analysis By Component
15.8 Absolute $ Opportunity Assessment By Component
15.9 Market Attractiveness Analysis By Component
15.10 Middle East & Africa (MEA) Multi-viewer/Video wall Market Size Forecast By Type
15.10.1 Standalone Multi-viewers
15.10.2 Modular Multi-viewers
15.10.3 Router Integrated Multi-viewers
15.11 Basis Point Share (BPS) Analysis By Type
15.12 Absolute $ Opportunity Assessment By Type
15.13 Market Attractiveness Analysis By Type
15.14 Middle East & Africa (MEA) Multi-viewer/Video wall Market Size Forecast By Application
15.14.1 Sports & Live Programs
15.14.2 Mobile Production Truck
15.14.3 Distribution & Broadcasting
15.14.4 Security Systems
15.14.5 OTT
15.15 Basis Point Share (BPS) Analysis By Application
15.16 Absolute $ Opportunity Assessment By Application
15.17 Market Attractiveness Analysis By Application
15.18 Middle East & Africa (MEA) Multi-viewer/Video wall Market Size Forecast By End-users
15.18.1 Residential
15.18.2 Commercial
15.19 Basis Point Share (BPS) Analysis By End-users
15.20 Absolute $ Opportunity Assessment By End-users
15.21 Market Attractiveness Analysis By End-users
Chapter 16 Competition Landscape
16.1 Multi-viewer/Video wall Market: Competitive Dashboard
16.2 Global Multi-viewer/Video wall Market: Market Share Analysis, 2020
16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
16.3.1 Mividi, Inc.
16.3.2 Imagine Communications
16.3.3 Vela Research, LP
16.3.4 StreamLabs
16.3.5 Rohde & Schwarz
16.3.6 TAG Video Systems Ltd
16.3.7 EVS Broadcast Equipment
16.3.8 Grass Valley
16.3.9 Stirlitz Media sp. z o.o.
16.3.10 LAWO
16.3.11 Barco