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Global Captioning and Subtitling Solutions Market 2019 by Company, Regions, Type and Application, Forecast to 2024
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Global Captioning And Subtitling Solutions Market Is Valued At 219.15 Million USD In 2018
Captioning and subtitling solutions provides platform for video captioning and subtitling of digital media. The solutions enable encoding, editing, and repurposing of video subtitles and captions for delivery platforms, such as, web, mobile, and television.
Captioning and subtitling solutions help broadcasting and web media organizations in automating high volume caption & subtitle processing tasks, such as, extraction & insertion, timing & frame rate adjustment, format conversion, clip assembly, and sub-clipping. There exists high demand in the broadcasting industry for advanced solutions for automating the process of subtitles & captions on any media format.
The global revenue of Captioning and Subtitling Solutions market was valued at 219.15 M USD in 2018 and is expected to reach USD 368.40 M USD in 2025. In the future seven years, we predict the CAGR of global revenue is 7.70%.
United States has the largest global export quantity and manufacturers in Captioning and Subtitling Solutions market, while the Europe is the second sales volume market for Captioning and Subtitling Solutions in 2018.
In the industry, VITAC profits most in 2018 and recent years, while IBM and ZOO Digital Group ranked 2 and 3.The market share of them is 31.78%, 18.53% and 10.18% in 2018.The gap of market share is keep on enlarged due to different strategy.
Nowadays, there are two mainly types of Captioning and Subtitling Solutions, including Cloud and On-premises. And Cloud is the main type for Captioning and Subtitling Solutions, and the Cloud reached a sales value of approximately 195.45 M USD in 2017, with 89.18% of global sales value.
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