In turn, the increasing number of consumers watching content and an increasing number of video formats are increasing the demand for software-defined video networks among content providers to streamline and manage their video processing and delivery systems. A key factor driving the growth of the software-defined video network market is the fact that it enables content providers to leverage on-premises and cloud-based resources to achieve a balance between CAPEX and OPEX for video processing.
In addition, software-defined video networking supports both public and private cloud infrastructures. Additionally, the cost-effective implementation of software-defined video networking solutions is another factor contributing to the growth of the software-defined video networking market.
However, because software-defined video networking is a new solution, many organizations are unaware of the benefits it offers. This is a factor restricting the growth of the software-defined video network market.
The North American software-defined video network market is leading the global software-defined video network market due to the presence of established players, followed by Western Europe. High growth rates are expected for the Asia-Pacific region ex-Japan and Japan, as the spread of the latest technologies is increasing in these regions.
Markets in other regions such as Eastern Europe and the Middle East and Africa are expected to show a steady growth rate.
Software Defined Video Networks Market: Competitive Landscape
Some of the companies that offer software-defined video networking solutions include Elemental Technologies, Inc. and Evertz Microsystems, Ltd.
Most of the major players in the software-defined networking market focus on product innovation and partnerships to maintain their position in the market.
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Regional Analysis for Software-Defined Video…