Audio Over IP Solutions Market: Industry Analysis, Opportunity Assessment and Forecast upto 2026

Audio over IP Solutions Market – Overview

Audio over IP (AoIP), also known as audio contribution over IP (ACIP), is a distribution technology for high-quality digital audio feeds over the Internet. An audio over IP solution is a flexible and cost-effective solution that enables encoding, decoding, and transcoding of multiple audio contents at the same time. AES67 Open Standard was formulated for audio over IP by the Audio Engineering Society (AES) in 2013. AES67 provides a set of guidelines for the existing and upcoming audio over IP systems to make them compatible with other AES devices. Internet protocol (IP) technology is replacing the traditional approach of point-to-point cable connections while changing the broadcast industry in a revolutionary manner.

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Traditional point-to-point cable connections restrict the transmission of media or data between two points and for audio, to a relatively lower number of channels. On the other hand, in case of an IP-based operation, the device needs a single connection to a network to be capable to receive and send the data and audio from and to any other device on the network. This significantly reduces the number of cables required and eventually, the capital expenditure on infrastructure. Broadcast solution providers, musicians, and home studios have started replacing USB-wired connections with IP-enabled network solutions.

Various benefits provided by audio over IP solutions such as reduction in overall costs and workflow improvement are expected to drive the audio over IP solutions market from 2018 to 2026. Furthermore, most TV broadcast and production facilities are already shifting from analog to digital infrastructure. AoIP solutions are expected to replace dedicated broadcast infrastructure such as patching and distribution systems and routers in the near future. Due to this, the TV broadcast industry segment is expected to hold a significant share of the audio over IP solutions market in the next few years.

Audio over IP Solutions Market – Segmentation

The global audio over IP solutions market can be segmented based on component, industry vertical, and region. Based on component, the audio over IP solutions market can be segmented into hardware, software, and services. The hardware segment can be sub-divided into codec, encoders, gateways, transceivers, and others. The software segment can be sub-classified into cloud-based software and on-premise software. The services segment can be sub-categorized into professional services and managed services. The cloud-based software sub-segment is expected to witness lucrative growth during the forecast period.

Significant adoption of cloud-computing technologies and any-time and any-device availability of cloud-based solutions are expected to drive the cloud-based software sub-segment in the next few years. Based on industry vertical, the audio over IP solutions market can be segmented into radio operators, TV operators, content programmers, government, IT & telecom, and others. Based on region, the global audio over IP solutions market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The global audio over IP solutions market is expected to be dominated by North America during the forecast period, due to presence of well-established players in the U.S. and strong adoption of audio over IP solutions by major broadcast service providers.

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Audio over IP Solutions Market – Key Players

Market players are implementing various strategies including technology alliances and partnerships in order to offer technologically advanced solutions to end-users. In June 2018, SDVoE Alliance and Audinate Group Limited collaborated to work on video and audio integrated control platforms. SDVoE Alliance is an organization of industries that brings market players together so as to standardize IP-based software and hardware platforms.

Key players operating in the global audio over IP solutions market are Audinate Group Limited, Synopsys, Inc., Barix AG, Vanco International, LLC, Key Digital, 2wcom Systems GmbH, Radiokit Ltd, Digigram S.A., Tieline Pty Ltd, Technica Del Arte BV, AIRLINX Communications, Inc., DEVA Broadcast Ltd., and Harman International Industries, Incorporated.