Next-Gen Video Codecs Market Trends and Developments COVID-19 2027

The development of next-gen video codecs was done on the basis of high efficiency video coding (HEVC). Next-gen video codecs is the evolution of the basic building blocks that were already used in HEVC and various other codecs earlier. Primarily, next-gen video codecs is a hybrid, block based video coding standard within which most of the technologies are based on high efficiency video coding (HEVC).

Next-gen video codecs has the ability to predict rectangular blocks with chroma prediction whereas HVEC can only predict the square block. This has enhanced the video viewing experience of the end-user.

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Global Next-Gen Video Codecs Market - Dynamics

Rising Demand for Better Video Viewing Experience

Demand for ultra high quality and better video viewing experience has increased across the globe. Demand for 4K and ultra HD smart television has increased extensively. Players such as Amazon Prime, Netflix, and Youtube are integrating next-gen video codecs technology on their platforms so that the video viewing experience can be improved and enhanced. The rising demand for better picture and video quality is driving the growth of the next-gen video codecs market.

Rising Demand for Better Video Experience in Data-Strapped Locations

Next-gen video codecs has the ability to ensure that the high quality data can be transferred with less consumption as compared to advanced video coding AVC. Next-gen video codecs has the ability to stream high-quality video. Next-gen video codecs can push 720p at less than 1.5Mbps.  With high efficiency the demand for the next-gen video codecs is rising.

Improper Network Infrastructure Hampering the Growth of the Next-Gen Video Codecs Market

Substantial demand for better viewing experiences necessitates standard network infrastructure. Many Southeast Asian countries, African countries, and South American countries lag behind due to poor network infrastructure, which do not even meet the basic global standards. This could hamper the growth of the next-gen video codecs market.

North America Expected to Dominate the Global Next-Gen Video Codecs Market

In terms of region, the global next-gen video codecs market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global next-gen video codecs market during the forecast period, due to strongest network infrastructure as compared to other regions.

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Global Next-Gen Video Codecs Market - Competitive Landscape

• In July 2019, a new real-time high-quality AV1 encoder for video collaboration was launched by Cisco Systems Inc. which reduces bandwidth when it comes to video conferencing and improves the latency issue in viewing.
• In March 2018, Alliance for Open Media (AOM) launched AV1 which is a next generation video codecs. AV1 has the ability to enhance the coding efficiency to improve the video quality for consumers.

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Radio Streaming Services Market Demand and Key Players size COVID-19 2027

• Radio streaming services are radio hosting services that enable radio through a server, and listeners can tune in and listen to the radio on the internet.
• A radio server comprises the radio server software and the hardware located in the server or data center. The data center requires expertise connection to specialized high-speed networks, and the hosting provider has to pay to maintain them.
• When a listener tunes to the radio via radio streaming service, the information has to pass from server to the streaming provider, then through some other networks, via several internet exchange points.
• Web radio is hosted on servers which can then be accessed by listeners irrespective of time or location; this is the biggest advantage of radio streaming services.
• Radio streaming services are gaining popularity as radio stations are limited to a specific region or country. Users can listen to a radio of any country or region with the help of stream hosting service.  

Advance features for management and operations drives the radio streaming services market

• Radio streaming services have a management console which helps to manage the three service types: Shoutcast, Icecast, and Streamcast as per requirement.

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Some radio streaming services also provide in-house stream management consoles.

• The servers and the sites are secured with SSL in order to protect it from any intrusion.
• Auto DJ mode is also supported by the radio streaming service by enabling auto DJ servers.
• Auto DJ is a program installed on a server that enables uploading of music autonomously.

High latency issues might restrain the radio streaming services market

• Latency represents the time taken for a request to get transferred to the server and information back.
• If radio streaming service from Europe is streamed by a user in North America, packets of information have to travel to and from the user’s location to the server location.
• It might take extra time for packets to make a round trip to Europe compared to streaming from a radio server located in North America.
• High latency causes buffering in a radio stream. When the radio player buffers, it stops playing music, as it waits to receive enough audio to resume playback.
• This is expected to cause hindrance in the growth of the radio streaming services market.

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Social Media Payment Solution Market - Latest Trends, Demand and Analysis 2027

• Social media is in a continuous state of advancement. Although it’s early purpose was to help connect with friends or other individuals, now it serves as a popular mode to transfer and receive money as well, called “social payment.”
• Social media payment solution provides a mode to transfer money by using applications such as Google Wallet, Paytm, etc.
• Payment through social media trends was initially popularized by PayPal, and other solution providers have meanwhile made their versions, such as Snapcash, Venmo, Google Wallet, Twitter Buy, and Apple Pay. Social media payment solutions are valuable tools for individuals as well as for enterprises. They can either create their proprietary apps or use existing services.

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Adoption and proliferation of immediate payments worldwide: Prominent driving factor of the social media payment solution market

• Demand for social media payment solutions is increasing worldwide. Social media payment solutions allow end-users to make immediate payment by using a mobile phone. Deployment of immediate payment technologies is constantly rising worldwide owing to increasing digital currency and e-commerce activity. This is also a major driving factor which is estimated to enhance the immediate payment technologies market during the forecast period.
• For example, consumers are exponentially deploying immediate payment technologies owing to 24/7 access to transfer payment functionality through smartphones, instant money visibility, prolonged access channels, and security solutions.
• Moreover, rising deployment of immediate payment technologies that comprises the usage of mobile wallets, has led to the access of cashless system into the payment scenario. These factors are significantly driving the growth of the social media payment solution market.

Low consumer interest in picking new technology expected to significantly hamper the social media payment solution market

• Consumer interest is one of the crucial factors which is expected to hamper the growth of the social media payment solution market worldwide. This is mainly due to the lack of awareness of immediate mobile payment services specifically in developing regions such as South Africa. Therefore, low consumer interest in picking new technology is expected to significantly hamper the social media payment solution market.

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North America to hold major share of the global social media payment solution market

• In terms of region, the global social media payment solution market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is anticipated to account for major share of the global social media payment solution market during the forecast period due to growing adoption of advanced payment technologies, indicating potential growth of the social media payment solution market in this region. Europe is estimated to be the second largest market for social media payment solutions from 2019 to 2027. Government-led initiatives for a cashless economy is likely to drive the social media payment solution market in the region.
• Asia Pacific is projected to be a rapidly expanding region of the global social media payment solution market during the forecast period due to growing adoption of smart appliances and increasing mobile data usage which is expected to increase the adoption of social media payment solutions in the region.

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Media Asset Management (MAM) Solutions Market - Latest Innovations, Drivers and Industry Key Events 2027

• Broadcasters and media agencies are seeing a continuous increase in content, leading to the need for solutions which improve internal file sharing and saving capabilities. Media asset management (MAM) solutions provide the ability to control who can access files, and where and how the user wants to save the files, resulting in easy retrieval of files to ensure the best possible outcome from them.
• Media asset management (MAM) solutions are used by broadcasters, film production companies, and television networks to ensure smooth flow of operations, with required accuracy and security.   
• Companies in the media asset management (MAM) solutions market are taking efforts to introduce advanced solutions in order to increase revenue opportunities for users. Due to the advancements offered by companies in media asset management (MAM) solutions, the demand is expected to grow at a high rate.
• Asia pacific region is expected to dominate the media asset management (MAM) solutions market in terms of growth rate, due to the continuous growth in the number of broadcast and media industry in the region.

Key Drivers of the Media Asset Management (MAM) Solutions Market

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Increase in video adoption to fuel the demand for media asset management (MAM) solutions

• In the current scenario, video content captures a major part of the over global internet traffic according to a Cisco 2019 report. Online video is projected to be responsible for four-fifths of global Internet traffic. Cisco states that the dramatic increase is not only driven by increased popularity of OTT video streaming services, but also by the number of people expected to be connected by 2019. Over half the planet (around 3.9 billion people) are likely to have access to the Internet by that time; however, the number of devices able to access the web is expected to be three times as high as the global population.
• These statistics of growing video adoption also highlights the growing need for advanced solutions for broadcasters and media facilities to improve efficiency in operations by streamlining the workflow.
• Media asset management (MAM) solutions provide easy access and sharing of videos and images in any format, saves the files at a central location, and controls the access from various teams and people.
• Demand for media asset management (MAM) solutions is expected to grow at a high pace due to these advantages offered by them

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Growing digital advertising to push the demand for media asset management (MAM) solutions (MAM)

• Currently, companies are spending more on their websites, digital commerce, and digital advertising than ever before. Not only large enterprises, even small and medium enterprises are shifting from traditional advertising to digital advertising.
• Enterprises are spending a considerable percentage of their total advertising budget on various digital advertising solutions. Therefore, the need for media and broadcasting solutions and services for advertisement and data management is significantly high, thus driving the demand for media asset management (MAM) solutions.

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Predictive Analytics Market: Information, Figures and Analytical Insights 2027

Industry 4.0 is expanding at an unprecedented rate. With the expansion of fourth industrial the global predictive analytics market is also expected to grow substantially in the projected tenure of 2019 to 2027. Moreover, growing industrialization and demand for automation in almost every business vertical is also anticipated to fuel the growth of market during the tenure of 2019 to 2027. Additionally, with the technological developments in business sectors such as manufacturing and logistics, the demand for predictive analytics solutions is projected to grow exponentially in coming years. This as a result is projected to boost the growth of global predictive analytic market from 2019 to 2027.

A Transparency Market Research report offers a 360 degree view of the market and helps the readers to understand the dynamics that are prevalent in the global predictive analytics market. The repot enlightens key areas such as development, trends, challenges, and opportunities that is driving the growth of market.

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Global Predictive Analytics Market: Notable Developments and Competitive Analysis

The global predictive analytics market is highly competitive and fragmented. This scenario of the market makes the entry of the new players difficult for the new players. This because of the presence of well-established players that dominates the market.

To withstand this situation, the new players are involving in several mergers and collaborations. These strategies are helping the players to acquire resources that can help them achieve sustainability in the global predictive analytics market in the duration of 2019 to 2027. Also, the players are developing new solutions that can help them grow significantly in the market.

On the other hand, the established players are acquiring small and medium scale businesses to expand the production and distribution network. This allows the players to tap into several untouched regions of the global predictive analytics market. Additionally, the companies are investing a huge amount in strategies such as product launch and research and developments. With the help of these strategies, the prominent players are projected to acquire a competitive edge over their rivals in market.

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Global Predictive Analytics Market: Key Drivers

Growing Technological Developments Drive the Growth

Technology is the major driver of the predictive analytics market. It is because of implementation of IoT and data science is possible in manufacturing and other industries. Moreover, value addition is another trend that every business is striving for these days.  This is also a major factor that is projected to boost the growth of global predictive analytics market. Additionally, the modernization of businesses with automation and other technologies is also anticipated to drive the growth of market from 2019 to 2027.

Growing Industrialization Fuels the Market’s Growth

Industrialization is one of the major factor that boosts the growth of global predictive analytics market. Various industries are demanding a solution that can predict when their machine is about to get damaged. They are implementing sensors that can analyze the patterns and predict the outcome or any anomaly in the operation of the machine. This as a result prevents the businesses to engage into downtime of the machine and improve the productivity. This advantage is also expected to boost the growth of market in the duration of 2019 to 2027.

Global Predictive Analytics Market: Regional Outlook

North America is projected to emerge as the leader in the regional domain of predictive analytics market during the projected time frame. This domination is the result of growing demand for automated operations and heavy technological implementations in industries across U.S. and Canada. Based on these developments, the market shall be led by North America on regional front during the tenure of 2019 to 2027.

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Travel Technology Solutions Market Dynamics and Key Players 2030

• Travel technology solutions are applicable in information and communication technology that is used in the hospitality and travel industry. Solution providers offer different software and applications to travel agencies for planning and booking tours, flights, to enable easy transactions, and other tour related operations.
• Travel technology solutions are majorly adopted by the airline industry that deals with online reservation systems to a large extent. The mobile is the most preferred device to use different types of travel technology applications. Solution providers are offering multiple mobile applications for different operating systems of mobiles.
• Solution providers are adopting the cloud based platform to increase the data access process and performance of the software and to improve the performance of the travel technology solution
• Travel agencies, airports, and the government travel sector are expected to adopt travel technology solutions to provide better customer service. This solution helps to improve the travel booking process and is a more flexible, reliable, and scalable resource to manage travel data.
• The global travel and tourism industry is expected to face huge downfall during 2020 due to the increasing ratio of Coronavirus infected people across the globe 

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Key Drivers of the Travel Technology Solutions Market

• Increase in business travel expenditure and growing adoption of social media platforms and Big Data analytics solutions drives growth of the travel technology solutions market. Increasing adoption of hosted solutions and Software as a Service (SaaS) is expected to boost the demand for travel technology solutions during the forecast period.
• Adoption of artificial intelligence in travel technology solutions is anticipated to create business opportunity for travel technology solutions companies to provide advanced solutions based on AI technology to analyze and improve the decision making process.

Synchronization and open source software issues expected to hinder the market

• Synchronization issues of travel technology solutions faced by online travel agencies and booking engines is expected to restrain the market growth of travel technology solutions.
• Increasing open source software on the internet is also expected to hinder the market growth.

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• Global businesses are facing huge downfall because of increasing coronavirus impact on major countries. The travel and tourism industry is also expected to experience low business opportunities during the 2020 period.

Impact of COVID 19 on Global Travel Technology Solutions Market

• The travel technology solutions market is expected to face financial crisis during the 2020 financial year. The travel and tourism is basic income source for several major countries. All international and domestic flights and all transports are closed due to COVID-19. The demand for travel technology solution are affected by increasing lockdown condition across the all regions. The adoption of travel technology solution are low as compare to previous year due to low demand from travel and tourism sectors.

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Multistrip Silicon Detectors Market Value Share, Supply Demand, Share and Value Chain 2027

• A multistrip silicon detector consists of a large number of single-crystal, sheet-doped silicon detectors. These silicon detectors are extremely small in size i.e. a few micrometers and extremely short in length i.e. a few centimeters.
• Spatial resolution, which means the number of pixels used in the construction of any image, depends on different factors. These factors include spacing between various detector elements and other characteristics of multistrip silicon detectors.
• As a result of the significantly high level of spatial resolution offered by multistrip detectors, they are largely used in multiple applications, especially medical applications. For example, the microbeam radiation therapy (MRT), a therapy employed to cure cancer, uses multistrip detectors.
• Moreover, multistrip silicon detectors are also used as luminosity monitors, due to their advantages such as minimal hardware requirement and capability of monitoring of luminosity with great details 

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Growing Number of Cancer Patients Worldwide to Boost Global Multistrip Silicon Detectors Market

• Over the last few years, the number of cancer patients has been rising significantly. For the effective treatment of cancer, several researchers worldwide have developed various technologies. One of such new and innovative technologies is microbeam radiation therapy (MRT) developed by the European Synchrotron Radiation Facility (ESRF), a medical research facility located in Grenoble, France.
• The newly invented microbeam radiation therapy technology makes use of a quasi-parallel and collimated array of X-ray microbeam. This microbeam has a low level of divergence and a significant level of dose rate to nullify the microbeam spreading. Microbeam spreading happens as a result of movement of tissues in a cardio-synchronous manner.
• Multistrip silicon detectors are designed to handle characteristics of MRT techniques including the significant dose rate and prominent level of spatial resolution. Furthermore, use of multistrip silicon detectors helps in efficient operation of MRT testing for cancer treatment. 

Asia Pacific to Lead Global Market

• In terms of region, the global power multistrip silicon detectors market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America, followed by Europe, is anticipated to dominate the global power multistrip silicon detectors market throughout the forecast period, as several research agencies operate in these regions and they are constantly investing in the technology pertaining to multistrip silicon detectors used in medical applications. Countries such as the U.S., Germany, France, and the U.K. hold a major share of the market in the region. Furthermore, high healthcare spending and presence of expanding electronics industry are expected to boost the market for multistrip silicon detectors in Asia Pacific during the forecast period.
• The multistrip silicon detectors market in North America and Europe is expected to expand at a substantial pace during the forecast period. It is propelled by increasing medical research activities in these regions. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate rate during the forecast 

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Key Players Operating in Global Market

The global power multistrip silicon detectors market was highly consolidated in 2018. Major players operating in the global market are focusing on technological advancements and development of new products to meet the risen demand for power multistrip silicon detectors.

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