Hardware Segment to Dominate North America Multi-Viewer Monitoring System Market During 2021–2028  

According to a new market research study on “North America 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$ 523.42 million by 2028 from US$ 380.33 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028.The report provides trends prevailing in the North America multi-viewer monitoring system market along with the drivers and restraints pertaining to the market growth. Growing broadcasting industry across the region and rising adoption of multi-viewer monitoring system among various industries are the major factor driving the growth of the North America multi-viewer monitoring system market. However, several issues in multi-viewer monitoring systems hinders the growth of North America multi-viewer monitoring system market. 

In case of COVID-19, North America is highly affected especially the US. Because of favorable government policies to encourage innovation, the presence of a large industrial base, and high purchasing power, North America is one of the most important regions for adopting and developing new technologies, particularly in developed countries such as the United States and Canada. As a result, any influence on industry growth is projected to have a negative influence on the region's economic growth. Businesses in the region have been significantly impacted by COVID-19 in four key areas: supply chain/operations, personnel, 2020 investments, and product offering. Due to the extreme measures adopted during the pandemic, overhead expenditures, including expenditure for sales, research, and development (R&D), and administration of various providers, declined unfavorably. Investment in security & surveillance, retail, media & entertainment is usually high across the region, but owing to the outbreak of the COVID-19 pandemic, the investments by the end-users in innovative and advanced products and technologies declined considerably. However, the sudden outbreak of virus also led to temporary closure of manufacturing units, thereby impacting the manufacturing of multi-viewer monitoring systems by the market players. Additionally, the disruption of supply chain adversely impacted the supply of both manufacturing components and finished products across the region. Thus, the outbreak of the COVID-19 pandemic has an adverse impact on the market across the region.

The North America 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 North America 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 North America 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 North America 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 US, Canada, and Mexico.

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 North America 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, Rohde & Schwarz has entered into a partnership with Quectel for the verification of selected 3GPP test cases based on a system with its R&S CMW500 wideband radio communication tester against a Quectel AG15 C-V2X module.   

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