Middle East & Africa Multi-Viewer Monitoring System Market
No. of Pages: 120 | Report Code: TIPRE00024719 | Category: Electronics and Semiconductor
No. of Pages: 120 | Report Code: TIPRE00024719 | Category: Electronics and Semiconductor
The Middle East & Africa region includes Saudi Arabia, the UAE, and South Africa. The growth of the MEA multi-viewer monitoring system market is majorly attributed to extensive growth in broadcasting and streaming services. In the era of continuous technological developments, integration of advanced technologies is increasing in a range of industries in the region, including film and entertainment. The increasing use of advanced technologies in the film and entertainment industry to have more live production and digital content is anticipated to boost the demand for multi-viewer monitoring systems in the MEA region. The UAE and Egypt are among the prominent countries known for having the largest cinema and film production businesses within their territories, followed by Lebanon and Qatar. The trend of corporate films, documentaries, TV commercials, music videos, and film production facilities is booming in the region with growing internet penetration and rising inclination toward OTT platforms. All aspects mentioned above will help in proliferating the scope of multi-viewer monitoring systems. Besides broadcasting, surveillance security information displays are another application of multi-viewer monitoring system. Technological innovations and rise in emphasis on infrastructure development have resulted in a high demand for different electronic security equipment. The demand for security and surveillance would help in promoting the growth of multi-viewer monitoring system. Due to the increasing number of airports, retail outlets, multiple stores, the scope of using multilocation cameras is boosting. As screen technology is emerging and a larger number of video surveillance monitors is being available, professionals are looking forward to procuring the best quality monitors for security purposes. While factors such as location, scale, objectives, and budget often command the type of security monitor solutions accepted, qualities like efficiency, reliability, and longevity remain mainstays in buying decisions for security professionals. For instance, AG Neovo offers monitors and displays to cover general to critical surveillance for varied security purposes in the region. AG Neovo Security Monitors are ideal for 24/7 operation and have a robust design for different environment demanding multi-viewer monitoring system. Presence of major market players and rise in demand for security and surveillance are projected to propel the growth of the market positively.
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.
Strategic insights for the Middle East & Africa Multi-Viewer Monitoring System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 54.26 Million |
| Market Size by 2028 | US$ 66.05 Million |
| Global CAGR (2021 - 2028) | 2.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Multi-Viewer Monitoring System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA multi-viewer monitoring system market is expected to grow from US$ 54.26 million in 2021 to US$ 66.05 million by 2028; it is estimated to grow at a CAGR of 2.8% from 2021 to 2028. Apart from the broadcasting industry, the multi-viewer monitoring systems is experiencing a rise in adoption across various industries such as retail, military and defense, education, and aerospace. These industries are actively adopting the multi-viewer monitoring systems, owing to their wide applications, which include satellite uplink/downlink, cable head end & IPTV head end, OB vans, video walls, NOC control rooms, surveillance security information displays, and traffic and transportation applications. Several multiviewer monitoring system providers are, therefore, customizing solutions for these industries for expanding their market share. For instance, one company offers HDMI 4×1 Quad Multi-Viewer solution which can not only seamlessly switch multi-way HD audio and video signals to a single picture but also can split the multiway signals and display them on the same monitor, with various video segmentation modes. It is widely used for multiuser video conference systems, surveillance monitoring, and retail stores. Similarly, another company offers multi-viewer monitoring systems for a wide range of industries such as defense, aerospace, corporate, medical, government, security, and education. Thus, the rising adoption of multi-viewer monitoring systems among the above-mentioned industries is driving the MEA market.
In terms of component, the hardware segment accounted for the largest share of the MEA multi-viewer monitoring system market in 2020. In terms of application, the other applications segment held a larger market share of the MEA multi-viewer monitoring system market in 2020. Further, the media & entertainment segment held a larger share of the MEA multi-viewer monitoring system market based on end user in 2020.
A few major primary and secondary sources referred to for preparing this report on the MEA multi-viewer monitoring system market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Barco, Cinegy LLC, Evertz, Grass Valley Canada, RGB Spectrum, Rohde & Schwarz GmbH & Co., Stream Labs, and TAG Video Systems.
The Middle East & Africa Multi-Viewer Monitoring System Market is valued at US$ 54.26 Million in 2021, it is projected to reach US$ 66.05 Million by 2028.
As per our report Middle East & Africa Multi-Viewer Monitoring System Market, the market size is valued at US$ 54.26 Million in 2021, projecting it to reach US$ 66.05 Million by 2028. This translates to a CAGR of approximately 2.8% during the forecast period.
The Middle East & Africa Multi-Viewer Monitoring System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Multi-Viewer Monitoring System Market report:
The Middle East & Africa Multi-Viewer Monitoring System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Multi-Viewer Monitoring System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Multi-Viewer Monitoring System Market value chain can benefit from the information contained in a comprehensive market report.
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