A next-gen video codec is software or hardware that compresses and decompresses digital video. In the context of video compression, codec is a portmanteau of encoder and decoder, while a device that only compresses is typically called an encoder, and one that only decompresses is a decoder. Next-gen video codecs are mainly a hybrid, block-based standard of video coding where other systems is based on high-efficiency video coding (HEVC). Next-gen video codecs can predict rectangular blocks with chroma prediction, while only the square block can be predicted by HEVC. This has increased the end-video user's sharing experience. Modern video codecs use the so called “lossy compression”, which exploits the characteristics of the human visual system in order to achieve high compression rates, such as 20:1.

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Next-Gen Video Codecs Market Overview:

The worldwide Next-Gen Video Codecs  market Research Report 2021-2027 is a specialist and in-depth examination of the Next-Gen Video Codecs  industry, with an emphasis on the market trend. Furthermore, the competitive analysis regarding various parameters in a specific direct competition, and indirect competition, the strengths and weaknesses of major competitors, the price, a revenue, the gross profit margin, an interview record, a business distribution, entry barriers, and opportunity windows are provided within the report back to help the buyer better understand the competitors.

Next-Gen Video Codecs  Market dispatching was valued at US$ 1.9 Bn. in 2021 and is expected to grow at US$ 9.2 Bn. in 2029. Global Next-Gen Video Codecs Market size is expected to grow at a CAGR of 25.27 % through the forecast period.

Next-Gen Video Codecs Market Scope:

The “Next-Gen Video Codecs  Market” research examines major industry elements such as advancement, segmentation, growth prospects, opportunities, challenges, and competitive analysis. For the period 2021-2027, the segmental study focuses on revenue and forecast by region, kind, and application. This research examines the market size, development status, and prognosis, as well as a company profile. It also gives facts on the competitive environment as well as statistics from the top significant companies.

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Next-Gen Video Codecs  Market Segmentation:

Based on Video Codecs Type, The HEVC segment holds the largest market share in 2021. High Efficiency Video Coding or H.265 is a complex algorithm that compresses your video and resizes it to smaller units. It reduces bitrate requirements by half with comparable image quality, at the expense of increased computational complexity. Depending on the application requirements, HEVC encoders can trade off computational complexity, compression rate, robustness to errors, and encoding delay time. Two of the key features where HEVC was improved compared to H.264/MPEG-4 AVC was support for higher resolution video and improved parallel processing method. HEVC is targeted at next-generation HDTV displays and content capture systems which feature progressive scanned frame rates and display resolutions from QVGA (320×240) to 4320p (8192×4320), as well as improved picture quality in terms of noise level, color spaces, and dynamic range. These all factors lead to the growth of the HEVC segment of Global Next-Gen Video Codecs Market.

Next-Gen Video Codecs  Market Key Players:

• Hikvision
• VITEC
• Harmonic
• Motorola Solutions
• CISCO
• CommScope
• Axis Communications
• Dahua Technology
• HaiVision
• Netflix
• Amazon Prime
• YouTube
• Flir Systems
• Bosch Security Systems
• Matrox
• Netposa
• Sumavision
• ATEME
• Tieline Technology

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Next-Gen Video Codecs  Market data includes company profiles, product images and specifications, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and instruments, as well as downstream demand assessments, are also provided. Next-Gen Video Codecs  market development patterns and marketing methods are investigated. Finally, the viability of the most recent investment proposals is evaluated, and overall analytical findings are provided.

Regional Analysis:

The study report is divided into groups based on region, manufacturer, type, and application. Each category offers production data for the anticipated period of 2021 to 2027. The consumption by Application section is also provided for the predicted period of 2021 to 2027. Understanding the categories aids in determining the significance of various elements that contribute to market growth.

COVID-19 Impact Analysis on Next-Gen Video Codecs  Market:

Our ongoing research broadens our research methods to address core COVID-19 problems as well as prospective future steps. The study sheds light on COVID-19 by taking into consideration changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of modern market forces, and significant government efforts. The updated research includes insights, analysis, estimates, and predictions based on COVID-19's market impact.

Key Questions Answered in the Next-Gen Video Codecs  Market Report are:

What will be the CAGR of the Next-Gen Video Codecs  market during the forecast period (2021-2027)?

Which segment emerged as the leading segment in the Next-Gen Video Codecs  market?

Which are the main players in the Next-Gen Video Codecs  market?

What key trends are likely to emerge in the Next-Gen Video Codecs  market in the coming years?

What will be the Next-Gen Video Codecs  market size by 2027?

Which company held the largest share in the Next-Gen Video Codecs  market?

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