Media & Entertainment Segment to Dominate APAC Multi-Viewer Monitoring System Market During 2021–2028       

According to a new market research study on “APAC Multi-Viewer Monitoring System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Application, and End User” is expected to reach US$ 498.58 million by 2028 from US$ 316.93 million in 2021. The market is estimated to grow at a CAGR of 6.7% from 2021 to 2028.The report provides trends prevailing in the APAC multi-viewer monitoring system market along with the drivers and restraints pertaining to the market growth. Growing over-the-top (OTT) streaming and rising investment by market players for product innovation and growth are the major factor driving the growth of the APAC multi-viewer monitoring system market. However, design issues in multi-viewer monitoring systems hinders the growth of APAC multi-viewer monitoring system market.    

 In case of COVID-19, APAC is highly affected especially India. APAC is characterized by many developing countries, a positive economic outlook, high residential and industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including multi-viewer monitoring system market. The lockdown of various factories in China affects the global supply chains and negatively impacts development, delivery schedules of various products and services. Even as the factories in China are beginning to reopen, several businesses have reduced or hit pause on their operations.  The region comprises of several developing countries, which consist of large number of retail complexes as well as a huge broadcasting industry. The temporary closure of all economic activities announced by the respective government bodies has led to the decline in demand for advanced technologies sand solutions across the industries thereby negatively impacting the market growth. Moreover, the travel restriction imposed across the nations have also led to the disruption of supply chain of both manufacturing components and fined products from major economies like India and China. These factors have negatively impacted the market due to the outbreak of COVID-19.

The APAC multi-viewer monitoring system market is segmented based on component, application, end user, and country. Based on component, the market is categorized into hardware, software, and services. The hardware segment dominated the APAC multi-viewer monitoring system market in 2020 and software segment is expected to be fastest growing during forecast period. In terms of application, the market is segmented into live production, playout, and other applications. The other applications segment dominated the APAC multi-viewer monitoring system market in 2020 and playout segment is expected to be fastest growing during forecast period. Based on end user, the market is categorized into media and entertainment, military, enterprises, retail, and other end users. The media and entertainment segment dominated the APAC multi-viewer monitoring system market in 2020 and military segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.

Barco; Cinegy LLC; Evertz; Grass Valley Canada; Lawo AG; Mividi, Inc.; RGB Spectrum; Rohde & Schwarz GmbH & Co.; and Stream Labs are among the leading companies in the APAC multi-viewer monitoring system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Eurofins Digital Testing and Rohde & Schwarz have entered into a partnership to give customers access to the latest High-Speed Signal Analysis and Compliance Testing tools using the R&S RTP164 high performance oscilloscope.          

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com