Report : South America Multi-Viewer Monitoring System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), Application (Live Production, Playout, and Other Applications), and End User (Media & Entertainment, Military, Enterprises, Retail, and Other End Users)
Military Segment is Expected to be Fastest Growing During Forecast Period for SAM Region
According to a new market research study on “SAM 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$ 107.72 million by 2028 from US$ 86.27 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028.The report provides trends prevailing in the SAM multi-viewer monitoring system market along with the drivers and restraints pertaining to the market growth. Growth in the broadcasting industry and growth in over-the-top (OTT) streaming are the major factor driving the growth of the SAM multi-viewer monitoring system market. However, scarcity of skilled workers and design challenges hinders the growth of SAM multi-viewer monitoring system market.
In case of COVID-19, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru across SAM region. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of the multi-viewer monitoring system solutions in the region due to lockdown measures is expected to directly impact the growth of the end-use industries of the market. Moreover, temporary closure of manufacturing units of the region has also negatively impacted the growth of the market in the region.
The SAM 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 SAM 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 SAM 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 SAM 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 Brazil, Argentina, and rest of SAM.
Barco, Cinegy LLC, Evertz, Grass Valley Canada, RGB Spectrum, Rohde & Schwarz GmbH & Co., and Stream Labs are among the leading companies in the SAM 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, Barco entered a tie-up with leading engineering communications and sound solutions, Jabra, in the Asia Pacific region. The two companies have teamed up to promote the easy adoption of simple, one-click wireless conferencing for organizations as they embrace hybrid working to create more intuitive meeting experiences in-person and remotely.
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