Press release
Media Processing Solutions Market To Reach US$ 27,439.1 Mn By 2026 - TMR
According to a new market report pertaining to the media (video) processing solutions market published by Transparency Market Research , the media (video) processing solutions market (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is projected to reach US$ 27,439.1 Mn by 2026. The market is projected to expand at a CAGR of 14.4% during the forecast period from 2018 to 2026. Growth of the market is attributed to improving infrastructure to deliver high-quality videos. Asia Pacific is anticipated to lead the media (video) processing solutions market, followed by Europe during the forecast period.Data access for streaming live videos has increased greatly due to advancements in broadband services, enabling viewers to experience improved video quality without any lag in real time. The U.S. Federal Communications Commission (FCC) has implemented a plan to improve Internet access in the U.S., which states that at least 100 million homes in the country should have affordable access to the actual speed of 100 Mbps by 2020.
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Moreover, introduction of several streaming media devices such as Google Chromecast (Google Inc.), Apple TV (Apple TV), Slingbox (Sling Media), NVidia Shield (NVIDIA Corporation), and Fire TV (Amazon Inc.), has transformed the viewing experience across mobile devices such as smartphones, tablets, and laptops to a great extent.
Increasing use of mobile TV services has a significant impact on live video. Video service providers have an opportunity to deliver streaming services through mobile phone networks and terrestrial television stations.
The global media (video) processing solutions market has been segmented on the basis of solutions, components, enterprise size, content type, end-user, and region. Within the solutions segment, platforms are expected to dominate the global market in 2018.
Asia Pacific led the media (video) processing solutions market, accounting for substantial share in 2017, with China and India being the major markets for media (video) processing solutions in the region. The media (video) processing solutions market in North America, Europe, Middle East & Africa, and South America is also expected to grow during the forecast period.
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The research study includes profiles of leading companies operating in the global media (video) processing solutions market. Key players profiled in the report include Akamai Technologies, Amagi Media Labs Pvt. Ltd, Apriorit Inc., ATEME SA, BASE Media Cloud Ltd., BlazeClan Technologies, Imagine Communications Corp., Kaltura Inc., M2A Media Ltd., MediaKind, Pixel Power Ltd. SeaChange International, Synamedia Ltd., Telefonaktiebolaget LM Ericsson, and Vantrix Corporation.
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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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