Dive into Market Research Intellect's Video Servers Market Report, valued at USD 3.2 billion in 2024, and forecast to reach USD 7.1 billion by 2033, growing at a CAGR of 9.5% from 2026 to 2033.

Video Servers Market Outlook

The global video servers market size is projected to grow from USD 4.3 billion in 2023 to an estimated USD 7.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.1% during the forecast period. The burgeoning demand for high-quality video content across various platforms and the increasing adoption of video streaming services are significant growth factors driving this market. With the proliferation of digital media and the transition from traditional broadcasting to IP-based video delivery, the need for robust and scalable video servers is becoming ever more critical. Additionally, advancements in video compression technology and the growing use of AI and machine learning in video processing are further expected to fuel market growth.

One of the primary growth factors in the video servers market is the rapid advancement in digitalization, leading to a surge in demand for on-demand video streaming services. As consumer preferences shift from conventional TV viewing to online streaming, there is a heightened need for efficient video server solutions that can deliver seamless, high-quality streaming experiences. The emergence of OTT (Over-The-Top) platforms has accelerated this transition, with companies investing heavily in infrastructure to support increased traffic and ensure low latency and high availability. Moreover, the integration of cloud services with video servers allows for scalable and flexible deployment models, catering to the dynamic needs of content providers and consumers alike.

Another vital element driving market growth is the significant rise in video content consumption due to the increase in remote work and learning environments. The COVID-19 pandemic has drastically altered how educational content is delivered, with many institutions adopting e-learning platforms that rely on robust video server solutions for content distribution. Similarly, as corporate environments adapt to hybrid work models, the requirement for video conferencing and virtual collaboration tools has soared. This shift calls for reliable video server infrastructures that can handle high volumes of video data, ensuring smooth and uninterrupted communication across different geographic locations and device types.

The increasing application of video servers in surveillance and security systems is an additional factor contributing to market expansion. Governments and private enterprises are investing in advanced surveillance technologies to enhance security measures and monitor public spaces effectively. Video servers play a crucial role in managing, storing, and distributing surveillance footage, often integrated with analytics software to provide actionable insights. As cities worldwide move towards smart city initiatives, the demand for sophisticated video server solutions that can support real-time data processing and analysis is expected to rise significantly.

In the realm of surveillance and security systems, the role of an NVR Server (Network Video Recorder Server) is becoming increasingly pivotal. These servers are designed to record video in a digital format directly from network cameras, providing a more efficient and scalable solution for managing surveillance footage. As the demand for real-time monitoring and data analysis grows, NVR Servers offer the capability to handle high-resolution video streams from multiple sources, ensuring that critical information is captured and stored securely. Their integration with advanced analytics software enhances the ability to derive actionable insights from video data, making them indispensable in modern security infrastructures. With the rise of smart city initiatives, NVR Servers are expected to play a crucial role in supporting the vast networks of surveillance systems required to maintain urban safety and efficiency.

Regionally, North America is anticipated to retain a significant share of the video servers market, driven by the presence of key technology providers and a high adoption rate of digital streaming services. However, the Asia-Pacific region is projected to witness the fastest growth, attributed to the rapid digital transformation and increasing penetration of high-speed internet in countries like China and India. The region's growing middle-class population and the rising popularity of local content platforms also contribute to market expansion. Europe, with its strong media and entertainment industry, remains a substantial market

Global Video Server market size 2025 was XX Million. Video Server Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Get key insights from Market Research Intellect's HD Digital Video Servers Market Report, valued at USD 2.5 billion in 2024, and forecast to grow to USD 4.5 billion by 2033, with a CAGR of 8.1% (2026-2033).

HD Digital Video Servers Market Outlook

The global HD Digital Video Servers market size was valued at approximately USD 8.7 billion in 2023 and is projected to reach USD 15.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The growth of this market is driven by the increasing demand for high-definition video content, coupled with advancements in digital broadcasting technologies and the surging need for robust video surveillance systems across various sectors.

One of the key factors driving the growth of the HD digital video servers market is the escalating adoption of high-definition broadcasting. With the transition from analog to digital broadcasting, there has been a significant demand for HD content to enhance viewer experience. Television broadcasters and production houses are increasingly investing in HD digital video servers to streamline their workflows and ensure high-quality content delivery, thereby fueling the market growth. Additionally, the proliferation of Over-The-Top (OTT) streaming services is compelling broadcasters to adopt advanced video servers to remain competitive.

Another critical growth factor is the expanding application of HD digital video servers in video surveillance systems. Governments, corporations, and public institutions are prioritizing security and surveillance, leading to heightened demand for sophisticated video storage and management solutions. HD digital video servers offer superior video quality, large storage capacities, and efficient retrieval mechanisms, making them an ideal choice for surveillance applications. This trend is further bolstered by technological advancements in camera technology and the integration of Artificial Intelligence (AI) for better analytics and monitoring.

The education sector has also emerged as a significant contributor to the growth of the HD digital video servers market. Educational institutions are increasingly adopting video servers for various applications such as lecture capture, distance learning, and digital libraries. The shift towards e-learning and the rising importance of digital education tools in the wake of the COVID-19 pandemic have further accelerated the adoption of HD digital video servers. Schools, colleges, and universities are leveraging these servers to enhance the learning experience and provide flexible, accessible education solutions.

Regionally, the market exhibits substantial growth opportunities across various geographies. North America holds a prominent share of the global HD digital video servers market, driven by the region's advanced infrastructure, high penetration of digital broadcasting, and significant investments in video surveillance. Meanwhile, the Asia Pacific region is poised for the fastest growth due to the rapid digitalization, increasing disposable income, and rising demand for high-quality content. Europe also presents considerable growth potential, supported by the robust presence of key market players and the ongoing transition to digital broadcasting standards.

Product Type Analysis

Within the HD digital video servers market, product types are segmented into standalone servers and rack-mounted servers. Standalone servers are designed for individual use and are typically deployed in environments where portability and ease of installation are critical. These servers have seen a steady demand, particularly in smaller broadcast stations, educational institutions, and corporate settings where space and flexibility are key considerations. The ease of use and relatively lower cost of standalone servers make them an attractive option for many end-users.

Rack-mounted servers, on the other hand, are designed for larger, more complex installations and are often used in data centers, large broadcast facilities, and extensive surveillance systems. These servers offer higher storage capacities, greater processing power, and enhanced scalability compared to standalone servers. As the demand for high-quality, high-volume video content continues to rise, the adoption of rack-mounted servers is expected to increase. The ability to integrate multiple servers into a single rack also provides operational efficiencies, making them a preferred choice for large-scale applications.

The evolution of server technology has led to significant advancements in both standalone and rack-mounted servers. Modern servers are equipped with features such as high-speed data transfer, enhanced security protocols, and advanced compression techniques, which contribute to their growing a

Discover the latest insights from Market Research Intellect's Network Video Storage Servers Market Report, valued at USD 1.5 billion in 2024, with significant growth projected to USD 3.2 billion by 2033 at a CAGR of 9.2% (2026-2033).

The global market for video servers is anticipated to grow at a CAGR of XX% during the forecast period of 2023-2030. The growth is attributed to increasing demand for video content, the rise of OTT platforms, and the adoption of cloud-based video infrastructure. Regionally, North America and Europe are expected to be the largest markets for video servers, followed by Asia-Pacific. The growing adoption of cloud-based video infrastructure and the demand for high-quality video content are driving the growth in these regions. The Asia-Pacific region is expected to witness significant growth due to the increasing penetration of smartphones and the adoption of video-on-demand services. Key players in the video server market include Anevia, Arris, Avid, Belden Grass Valley, Cisco, Concurrent, EVS, Edgeware, Espial, Harmonic, Imagine, Ross Video, SAM, and XOR Media, among others.

The global video server market is experiencing robust growth, driven by the increasing demand for high-quality video streaming across various sectors. The market, estimated at $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors, including the proliferation of internet-connected devices, the rising popularity of streaming services, and the growing adoption of cloud-based video solutions within enterprises and internet cafes. Technological advancements in compression techniques like H.264 and MPEG-4, enabling efficient storage and transmission of high-resolution video content, are further contributing to market expansion. The market segmentation reveals significant traction in the enterprise sector, driven by the need for robust and scalable video solutions for internal communications, training, and surveillance. Internet cafes also constitute a noteworthy segment, benefiting from the increasing demand for high-quality gaming and video streaming experiences. While challenges exist related to the high initial investment costs associated with video server infrastructure and potential security concerns, the overall market outlook remains positive due to the continuous advancements in technology and the expanding applications of video servers. The competitive landscape is characterized by a mix of established players and emerging companies, each vying for a share of this burgeoning market. Key players such as Anevia, Arris, Avid, and Cisco are leveraging their technological expertise and brand recognition to maintain a strong foothold. However, the market is also witnessing the emergence of new entrants offering innovative and cost-effective solutions. Geographic growth is anticipated across all regions, with North America and Europe expected to maintain significant market share due to their advanced infrastructure and high adoption rates. The Asia Pacific region, however, is poised for considerable growth, driven by rapid technological advancements and increasing internet penetration. The sustained growth trajectory is likely to be influenced by factors such as the increasing adoption of 4K and 8K video resolutions, advancements in artificial intelligence (AI) and machine learning (ML) for video analytics, and the ongoing development of 5G and other high-bandwidth communication technologies.

Home Media Server Market Outlook

The global home media server market size was valued at approximately USD 4.5 billion in 2023 and is expected to reach USD 10.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2032. This robust growth is driven by increasing consumer demand for centralized multimedia storage and seamless content access across multiple devices. As more households adopt smart home technologies, the need for efficient and integrated media storage solutions becomes paramount, fueling the expansion of the home media server market.

One of the primary growth factors for the home media server market is the escalating consumer preference for high-quality streaming services and digital content. With the proliferation of high-definition and 4K content, there is a growing need for efficient storage solutions that can handle large volumes of data. Home media servers provide a centralized repository for digital media, allowing users to store, manage, and access their content seamlessly. This trend is further supported by the increasing penetration of high-speed internet services, which enable smooth streaming and downloading of high-quality content.

Another significant driver of market growth is the rising adoption of smart home devices and Internet of Things (IoT) technologies. Smart home ecosystems require robust and reliable storage solutions to manage the vast amounts of data generated by connected devices. Home media servers offer an ideal solution by providing a centralized platform for data storage and management. This integration enhances the overall functionality and user experience of smart home systems, driving the demand for home media servers. Additionally, advancements in artificial intelligence (AI) and machine learning (ML) technologies are enabling more sophisticated and intelligent media management systems, further boosting market growth.

The growing trend of remote work and online education is also contributing to the expansion of the home media server market. As more individuals and families rely on digital platforms for work, study, and entertainment, the need for reliable and secure media storage solutions becomes increasingly important. Home media servers offer a convenient and efficient way to store and access digital content, ensuring that users can easily retrieve and share files across multiple devices. This demand is particularly pronounced in regions with high internet penetration and tech-savvy populations, such as North America and Europe.

Video Servers play a crucial role in the evolving landscape of home media servers, providing the backbone for seamless streaming and content delivery. As the demand for high-quality video content continues to rise, video servers are becoming increasingly important in managing and distributing media across various devices. These servers are designed to handle large volumes of video data, ensuring smooth playback and minimal buffering, even during peak usage times. By integrating video servers into home media systems, users can enjoy a more reliable and efficient streaming experience, making them an essential component for both residential and commercial applications. The advancements in video server technology, including improved compression algorithms and enhanced network capabilities, further contribute to their growing significance in the market.

From a regional perspective, North America is expected to dominate the home media server market due to its advanced technological infrastructure and high consumer adoption of smart home devices. The region's well-established network of high-speed internet services further supports the growth of the market. Europe is also anticipated to witness significant growth, driven by increasing investments in smart home technologies and rising consumer awareness about the benefits of home media servers. The Asia Pacific region presents lucrative opportunities for market expansion, fueled by rapid urbanization, growing middle-class population, and increasing disposable incomes. Emerging economies in Latin America and the Middle East & Africa are also expected to contribute to market growth, albeit at a slower pace, as they continue to develop their digital infrastructures.

Component Analysis

The home media server market can be segmented by component into hardware, software, and services. The hardware segment includes storage devices, processors, and networking equipment, which are essential for the fu

North America Video Servers Market is expected to grow during 2025-2031

Africa Video Servers Market is expected to grow during 2025-2031

The global HD Digital Video Server market is experiencing robust growth, driven by the increasing adoption of high-definition video streaming and surveillance technologies across residential and commercial sectors. The market, valued at approximately $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the expanding need for high-quality video surveillance in various sectors, including security, healthcare, and retail, is driving demand. Secondly, the proliferation of smart homes and connected devices necessitates efficient video management solutions, boosting the adoption of HD digital video servers. Technological advancements, particularly in compression technologies like H.264 and newer codecs, are also contributing to market expansion by improving storage efficiency and bandwidth utilization. Furthermore, the increasing popularity of cloud-based video management systems is creating new opportunities for HD digital video server vendors. However, high initial investment costs and the complexity of integrating these systems can pose challenges to market growth. The market segmentation reveals significant contributions from H.264 technology and strong demand from commercial applications. Geographic regions such as North America and Asia Pacific are expected to lead the market growth, driven by strong technological adoption rates and increasing digital infrastructure development. The competitive landscape is characterized by a mix of established players and emerging companies. Key players like Anevia, Arris, Avid, and Hangzhou Hikvision are investing heavily in research and development to enhance their product offerings and expand their market share. The market is also witnessing increasing competition from regional players. To maintain their competitive edge, vendors are focusing on developing advanced features such as intelligent video analytics, improved scalability, and enhanced cybersecurity capabilities. The diverse range of applications, coupled with ongoing technological innovations, positions the HD Digital Video Server market for continued growth and evolution in the coming years. Strategic partnerships, acquisitions, and technological collaborations are expected to further shape the market landscape during the forecast period.

The Video Analytics Server market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

Global Video Servers is segmented by Application (Media, entertainment, communication, broadcasting) , Type (Streaming servers, media servers, video conferencing servers, content delivery networks (CDN), video hosting platforms) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

The Broadcasting Equipment Market Report is Segmented by Technology (Analog Broadcasting, Digital Broadcasting), Product (Dish Antennas, Switchers, Video Servers, Encoders, Transmitters, and Repeaters), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Middle East Video Servers Market is expected to grow during 2025-2031

Server Market Outlook

According to our latest research, the global server market size reached USD 97.2 billion in 2024, reflecting robust demand across various industries. The market is projected to expand at a CAGR of 7.1% from 2025 to 2033, reaching an estimated USD 181.8 billion by 2033. This growth is primarily driven by the rapid digitization of businesses, rising adoption of cloud-based solutions, and the proliferation of data-intensive applications across all major sectors.

One of the primary growth factors fueling the server market is the accelerating digital transformation initiatives undertaken by both large enterprises and small and medium enterprises (SMEs). Organizations are increasingly investing in advanced IT infrastructure to support cloud computing, big data analytics, artificial intelligence, and machine learning workloads. The surge in remote work, e-commerce, and digital services has further intensified the need for robust, scalable, and secure server environments. As businesses strive to enhance operational efficiency and deliver seamless digital experiences, the demand for high-performance servers continues to rise, driving significant investments in both on-premises and cloud-based deployments.

Another key factor contributing to the expansion of the server market is the exponential growth in data generation and storage requirements. The proliferation of Internet of Things (IoT) devices, the adoption of 5G technology, and the increasing use of video streaming, social media, and online collaboration tools have led to an unprecedented surge in data traffic. Enterprises are seeking advanced server solutions capable of handling massive data volumes with low latency and high reliability. This trend is pushing server manufacturers to innovate in terms of processing power, energy efficiency, and scalability, further propelling market growth. Additionally, the integration of edge computing is creating new opportunities for server deployment at the network edge, enhancing real-time data processing capabilities.

The server market is also benefiting from significant advancements in server hardware and software technologies. Innovations such as modular server designs, enhanced virtualization capabilities, and improved server management tools are enabling organizations to optimize resource utilization and reduce operational costs. The growing popularity of hyper-converged infrastructure and software-defined data centers is also reshaping the server landscape, allowing businesses to achieve greater agility and scalability. Furthermore, the increasing focus on sustainability and energy-efficient data centers is driving the adoption of next-generation servers with reduced power consumption and improved thermal management.

From a regional perspective, North America continues to dominate the global server market, owing to the strong presence of major technology companies, early adoption of advanced IT solutions, and significant investments in data center infrastructure. However, the Asia Pacific region is emerging as the fastest-growing market, driven by rapid economic development, expanding digital ecosystems, and government initiatives supporting digitalization. Europe also holds a substantial share, with robust demand from the BFSI, healthcare, and manufacturing sectors. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, fueled by increasing IT investments and the gradual expansion of cloud services in these regions.

Product Type Analysis

The server market is segmented by product type into rack servers, blade servers, tower servers, micro servers, and others. Rack servers continue to hold the largest share due to their versatility, scalability, and suitability for a wide range of applications. Enterprises prefer rack servers for their ability to accommodate high-density computing within limited data center space, making them ideal for large-scale deployments. The modular nature of rack servers allows for easy upgrades and maintenance,

Digital Video Server (DVS) Market Outlook

The global Digital Video Server (DVS) market size was valued at approximately USD 2.5 billion in 2023 and is projected to reach around USD 6.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.7% during the forecast period. The robust growth of this market is primarily driven by the increasing demand for high-quality video content across various sectors, advancements in video compression technologies, and the rising adoption of cloud-based services.

The rising consumption of video content on digital platforms is a significant growth factor for the DVS market. With the proliferation of smartphones, tablets, and other digital devices, there has been an unprecedented surge in the demand for video streaming services. This shift is driving the need for efficient and scalable digital video servers to ensure seamless content delivery. Furthermore, the advent of Over-The-Top (OTT) services and the exponential rise in internet penetration are further propelling the market's growth trajectory.

Technological advancements in video compression and storage are also significant contributors to the growth of the DVS market. As video quality standards evolve, there is a growing need for servers capable of handling high-definition (HD) and ultra-high-definition (UHD) content. Innovations such as H.265 (HEVC) and AV1 codecs are improving video compression efficiency, enabling enhanced storage and transmission capabilities. This technological evolution is expected to continue driving the market's expansion over the coming years.

The integration of artificial intelligence (AI) and machine learning (ML) in video servers is another key growth driver. AI and ML technologies are being increasingly utilized for video analytics, content recommendation, and personalized viewing experiences. Video servers equipped with AI capabilities can analyze viewer behavior, optimize content delivery, and offer targeted advertisements, thereby enhancing user engagement and generating higher revenue streams. This trend is anticipated to significantly bolster market growth throughout the forecast period.

The evolution of Digital TV & Video has played a pivotal role in transforming how content is consumed globally. With the advent of digital broadcasting, viewers now enjoy a plethora of high-definition channels and on-demand services, enhancing their viewing experience. This shift has been facilitated by advancements in digital video server technology, which supports seamless streaming and content management. As more consumers transition from traditional cable to digital platforms, the demand for robust digital video servers continues to rise, driving innovation and growth in the market. The integration of interactive features and personalized content recommendations further enriches the digital TV experience, making it a cornerstone of modern entertainment.

From a regional perspective, North America holds a substantial share in the DVS market, driven by the high adoption of advanced technologies and the presence of prominent market players. However, the Asia Pacific region is expected to witness the most significant growth, attributed to the rapid digitalization, expanding internet user base, and increasing investments in telecommunications infrastructure. Countries such as China, India, and Japan are emerging as key markets within the region, contributing to its impressive CAGR during the forecast period.

Component Analysis

The Digital Video Server market is segmented by component into hardware, software, and services. The hardware segment includes physical servers and storage devices essential for video content storage and delivery. This segment is seeing substantial growth due to the increasing need for high-capacity storage solutions to manage large volumes of video data. Advancements in hardware technology, such as the introduction of solid-state drives (SSDs) and high-capacity hard disk drives (HDDs), are enhancing the performance and reliability of digital video servers.

The software segment encompasses video management software, compression software, and analytics tools that enable efficient video processing and management. The demand for robust and scalable software solutions is on the rise, driven by the need for seamless content delivery and advanced video analytics. Software innovations are focusing on improving user interfaces, enhancing security features,

The Broadcast Equipment market, valued at $5.23 billion in 2025, is projected to experience robust growth, driven by the increasing demand for high-quality video content across various platforms. The market's Compound Annual Growth Rate (CAGR) of 6.70% from 2025 to 2033 indicates a significant expansion, fueled by several key factors. The rise of over-the-top (OTT) streaming services, coupled with the increasing adoption of 4K and 8K ultra-high-definition (UHD) broadcasting technologies, are major catalysts. Furthermore, the ongoing shift from analog to digital broadcasting worldwide is creating substantial opportunities for vendors of digital broadcasting equipment. The market segmentation, comprising various technologies (analog and digital broadcasting) and product categories (dish antennas, switches, video servers, encoders, transmitters, repeaters, and other products), offers diverse avenues for growth. Key players like Cisco, Ericsson, and Grass Valley are strategically investing in R&D to enhance their product offerings and capture market share. While the market is competitive, the continued technological advancements and the increasing need for sophisticated broadcasting infrastructure ensure sustained expansion in the forecast period. Despite the positive outlook, certain challenges exist. The high initial investment costs associated with adopting advanced digital broadcasting technologies may restrain growth, particularly in developing economies. Furthermore, the fluctuating prices of raw materials and components, coupled with geopolitical uncertainties, could impact market dynamics. However, the long-term growth potential remains substantial, especially with the anticipated surge in demand for immersive viewing experiences like High Dynamic Range (HDR) and immersive audio technologies. The geographic distribution of market share is likely to see significant growth in the Asia Pacific region, driven by increasing urbanization and rising disposable incomes leading to greater media consumption. North America and Europe will continue to be significant markets, driven by technological advancements and upgrades to existing infrastructure. Recent developments include: May 2024: Hollyland launched its newest series of video transmitters, the Pyro series. The first product of the line is the Pyro H. The Pyro H offers enhanced monitoring stability and collaboration on set. It is significant for diverse applications, such as film production, commercial filming, live event filming, and ENG/EFP applications. With self-developed 2.4 GHz and 5 GHz dual-band technology, the Pyro H features a stable transmission range of up to 1,300 ft (400 m). It achieves a minimal transmission latency of 60 ms thanks to upgraded chips and optimized video encoding/decoding algorithms., February 2024: VMware, acquired by Broadcom Inc., announced that DISH Wireless had deployed VMware Telco Cloud Service Assurance across the Boost Wireless Network in a pilot production environment to deliver real-time network monitoring, assurance, and automation, providing a superior 5G network and subscriber experience., September 2023: Cloudbass, the independent dedicated outside broadcasting firm in the United Kingdom, decided to invest significantly in EVS' LiveCeption Signature solution, which contains an impressive fleet of EVS XT-VIA live production servers. The agreement is part of Cloudbass' strategic upgrade plan, involving replacing its current EVS XT3 servers and deploying more XT-VIA servers to increase their abilities. With this acquisition, Cloudbass, known for delivering OB vehicles for the coverage of state events such as the King's Coronation, countless sports events such as the Scottish Premier League, boxing, motorsport, and the main stages at Glastonbury in UHD HDR, boosts its dedication to producing top-tier, advanced live broadcasting services for its customers.. Key drivers for this market are: Growing Demand for Encoders due to Support for Multiple Formats, Growing D2C Offerings through OTT Services; Increased Adoption of SAAS Solutions. Potential restraints include: Growing Demand for Encoders due to Support for Multiple Formats, Growing D2C Offerings through OTT Services; Increased Adoption of SAAS Solutions. Notable trends are: Encoders are Expected to Witness Significant Growth.