Other Applications Segment to Dominate Europe Multi-Viewer Monitoring System Market During 2021–2028    

According to a new market research study on “Europe 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$ 358.37 million by 2028 from US$ 275.34 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028.The report provides trends prevailing in the Europe multi-viewer monitoring system market along with the drivers and restraints pertaining to the market growth. Growing adoption of multi-viewer monitoring system among various industries and rise in broadcasting industry are the major factor driving the growth of the Europe multi-viewer monitoring system market. However, several challenges in multi-viewer monitoring systems regarding design hinders the growth of Europe multi-viewer monitoring system market.    

 In case of COVID-19, Europe is highly affected especially Russia, UK, France, Italy, Spain, and Germany. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, the impacts are expected to prevail in 2021. The European multi-viewer monitoring system manufacturers rely highly on China for supply of component. However, owing to the sudden outbreak of the pandemic and temporary closure of all economic activities both inter and intra nations, impacted the overall manufacturing process, thereby adversely impacted the market growth. Moreover, the demand for multi-viewer monitoring systems also experienced a decline during the COVID-19 outbreak. The closure of retail outlets, restrictions on production of entertainment contents in order to maintain social distancing norms resulted in the decline of demand for multi-viewing monitoring systems, thereby adversely impacting the growth of the market.

The Europe 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 Europe 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 Europe 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 Europe 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 the UK, Germany, France, Italy, Russia, and rest of Europe.

Barco; Cinegy LLC; Evertz; Grass Valley Canada; Lawo AG; Mividi, Inc.; RGB Spectrum; Rohde & Schwarz GmbH & Co.; Stream Labs; and TAG Video Systems are among the leading companies in the Europe 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 2021, Cinegy AS has announced the addition of Aviteng to its business partners. Undertaking successful projects as a system integrator, Aviteng continues to expand its brand and solution range with Cinegy products.      

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