Playout Segment is Expected to be Fastest Growing During Forecast Period for MEA Region

According to a new market research study on “MEA 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$ 66.05 million by 2028 from US$ 54.26 million in 2021. The market is estimated to grow at a CAGR of 2.8% from 2021 to 2028.The report provides trends prevailing in the MEA multi-viewer monitoring system market along with the drivers and restraints pertaining to the market growth.  Burgeoning investment by market players for product innovation and increment in the use of over-the-top (OTT) platform are the major factor driving the growth of the MEA multi-viewer monitoring system market. However, lack of skilled workers and design issues hinders the growth of MEA multi-viewer monitoring system market.    

In case of COVID-19, MEA countries like Turkey, Iran, and South Africa have faced the highest number of cases. Other major countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and UAE. The region comprises of many growing economies such as UAE and Saudi Arabia, which are prospective markets for multi-viewer monitoring systems owing to the rapidly growing industries like retail, and media & entertainment amongst others. The region is registered a decline in raw material supply and products from various manufacturers across North America, Europe, and Asia-Pacific region, as these regions have halted their production activities and subsequently disrupting the exporting of components and products to other regions. This has impacted the production capabilities of the multi-viewer monitoring systems across the region. Additionally, the retail industry was also impacted across the region thereby, creating less or no demand for the sector. Thus, based on the above-mentioned factors we can conclude that the outbreak of the pandemic across the region had a negative impact on the market growth.

The MEA 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 MEA 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 MEA 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 MEA 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 UAE, South Africa, Saudi Arabia, and rest of MEA.

Barco, Cinegy LLC, Evertz, Grass Valley Canada, RGB Spectrum, Rohde & Schwarz GmbH & Co., Stream Labs, and TAG Video Systems are among the leading companies in the MEA 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 2019, Barco and Dicker Data are partnering to provide resellers with products that enable organizations to wirelessly collaborate and instantly share content. Through the partnership, Barco is entering into the Unified Communication and Collaboration (UC&C) space with its innovative ClickShare Conference solution.          

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