Media function virtualization is used by the media and entertainment sector to improve operational efficiency of broadcasters and content distributors. Media function virtualization has modernized the broadcast distribution infrastructure and eliminated the need of function-specific hardware.
Media function virtualization platform offers numerous functionalities to broadcasters such as processing, transmission, media network monitoring, and signal processing. Media function virtualization software uses open source platforms for uninterrupted delivery of software. The platform enables video transcoding and content calibration to be hosted as edge computing services, which simplifies traffic management and network bandwidth.
MARKET SCOPE
The "Global Media Function Virtualization market Analysis to 2028" is a specialized and in-depth study of the Media Function Virtualization market with a special focus on the global market trend analysis. The report aims to provide an overview of the Media Function Virtualization market with detailed market segmentation by deployment, enterprise size, end-user, and geography. The global Media Function Virtualization market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Media Function Virtualization market players and offers key trends and opportunities in the Media Function Virtualization market.
MARKET SEGMENTATION
- The global Media Function Virtualization market is segmented on the basis of component, deployment, and enterprise size, and end-user.
- On the basis of component, the market is segmented as software, and services.
- On the basis of deployment, the market is segmented as on-premise, and cloud.
- On the basis of end user the market is segmented into broadcasters, studio and casters, OTT, others.
MARKET DYNAMICS
Drivers:
- Increase in need to address high bandwidth entertainment services such as video on demand and live streaming is anticipated to boost the global media function virtualization market during the forecast period. This is primarily because media function virtualization ensures low latency in the delivery and production of live content such as news & sports and maximizes IP networks.
Restraints:
- Lack of awareness and privacy concerns are likely to hamper the global media function virtualization market during the forecast period..
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Media Function Virtualization market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Media Function Virtualization market in these regions.
IMPACT OF COVID-19 ON Media Function Virtualization MARKET
The rapid spread of the Covid-19 pandemic has triggered a massive financial crisis and created a health crisis across the globe. The ongoing pandemic also had a significant impact on overall international trade and businesses. The outbreak of COVID-19 has slowed down the growth of the Media Function Virtualization market owing to challenges in maintaining operational continuity, securing network data, and adapting to new traffic patterns. Organizations have actively focused on understanding the function of automation in digital transformation due to the pandemic. Moreover, enterprises also learn to measure the Return on Investment (ROI) as compared to other competing initiatives. These factors are expected to have a significant effect on the market over the coming years.
MARKET PLAYERS
The report covers key developments in the Media Function Virtualization market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Media Function Virtualization market are anticipated to lucrative growth opportunities in the future with the rising demand for the Media Function Virtualization market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Media Function Virtualization market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alepo
- Atos SE
- IABM
- Infosys Limited
- Net Insight AB
- Nevion AS
- Red Hat, Inc.
- Huawei's SoftCOM
- NSN Telco Cloud
- 6WINDGate software