|By Business Wire||
|March 7, 2014 11:13 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/4jkh2m/global_video) has announced the addition of the "Global Video Streaming and Broadcasting Equipment Market Report 2014-2018 - Market to grow at a CAGR of 13.43" report to their offering.
Market to grow at a CAGR of 13.43
Advancements in technology which are leading to the development of better and more innovative smartphones and tablets would also propel the growth of this market.
This is because customers would be able to view movies, shows, and sports through their mobile devices without compromising on the quality of the services. Further, it is expected that there would be a substantial penetration of smartphones and tablets in the forecast period across all geographies.
With the increase in the global number of smartphones and tablets, the opportunity for the growth of video services has been boosted in recent years. With increasing competition due to the movement of other pay-TV operators to the IPTV service platform, the service providers have increasingly realized the importance of increasing customer satisfaction by providing services with the convergence of multiple screens.
One of the main drivers contributing to the market's growth is the increasing demand for HD programming and on-demand content. The increasing demand for HD video has led to the use of advanced technology to transcode and encodes the content to deliver it across different devices.
The report states that one of the main challenges hindering the growth of this market is the growing competition among the vendors in the Global Video Streaming and Broadcasting Equipment market. This is due to the decline in the price and the entry of new players in the market.
The key vendors dominating this market space are:
- Alcatel-Lucent SA
- ARRIS Enterprise Inc.
- Brightcove Inc
- Cisco Systems Inc.
- Ericsson A.B.
- Harmonic Inc.
- Microsoft Corp.
- SeaChange International Inc.
- ZTE Corp.
For more information visit http://www.researchandmarkets.com/research/4jkh2m/global_video