What is Media Player Platform Market?
The India media player platform market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising smartphones and internet penetration across India is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Recording & Downloading, Video Management, Video Storage, Synchronization, Language Management and Others) and major geographies with country level break-up.
Cisdem Inc. (United States), Inmatrix (Israel), Digiarty Software, Inc. (United States), DivX, Inc. (United States), MX Media & Entertainment (India), Ventis Media Inc. (Canada), Nvidia (United States), ALL Player Group Ltd. (Poland), Microsoft (United States), Elmedia (Japan), Plex Inc. (United States) and RealNetworks (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Media Player Platform market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Media Player Platform market by Type, Application and Region.
On the basis of geography, the market of Media Player Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Smartphone Penetration Across India
- Rising Internet Penetration Across India
Market Trend
- Replacement of Traditional Televisions with Small Screens to Watch Videos
Restraints
- Availability of Open Source Platforms
Opportunities
- Increasing Laptop & Smartphone Sales is Expected to Generate Huge Opportunities During the Forecast Period Across India
Analyst Comment
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the India media player platform market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.