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Video Transcoding Market Key Opportunities, Strategic Assessment Forecast To 2022

02-04-2022 11:57 AM CET | IT, New Media & Software

Press release from: Precision Business Insights

Precision Business Insights published a research report on “Video Transcoding Market by Product Type (H264, H265, VP9, AV1, JPEG2K), by End User/Application (Media & Entertainment, Enterprise, Individual, Others) - Global/Region/Country Forecast to 2028”.

Video transcoding is the process of transferring a digital-to-digital or analog-to-analog media file from one format to another. When the target device does not accept the format or when storage capacity is limited, this is the standard process. Transcoding allows data to be converted into the appropriate format while also reducing file size. A video transcoder converts existing digital video footage to a different digital format so that it can be seen on a device. Video transcoding, for example, is the process of converting an MP3 audio file to a WMV file.

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The global development of online media content offerings on the internet and mobile platforms is predicted to enhance demand for video streaming services. Video encoding and transcoding equipment is critical for delivering media material to end users more quickly over the internet. A video encoder converts analogue video content to a digital version that may be seen on the internet and on mobile devices. A video transcoder, on the other hand, is a device that converts existing digital video footage to another digital format for seamless operation. Video transcoding, for example, is the process of converting an MP3 audio file to a WMV video file. Another important element of this market is that, as cloud technologies become more widely adopted, demand for software-based video encoders and transcoders will rise. Some software suppliers have recently begun to offer these services via the cloud approach. However, replacing obsolete hardware-based encoders and transcoders with new technology-based devices is the market's biggest problem. This issue is particularly prevalent in the media and entertainment, as well as the telecommunications industries, where it is difficult to replace equipment on a regular basis due to its high initial cost.

The global Video Transcoding Market is fragmented on the basis of Component, which is further divided into Software-based Solution and Hardware-based Solution. On the basis of Application, the global market is categorized into Media and Entertainment, Telecommunication, IT and Gaming, Broadcasting, and Education.

Owing to the huge number of significant competitors in the region, such as VBrick Systems, Inc., Imagine Communications Corporation, Intel Corporation, Inc., NVIDIA Corporation, and others, North America dominated the global video transcoding market in 2018. Furthermore, due to the region's developing media and entertainment industry, Asia Pacific is predicted to be the fastest growing region in the video transcoding market over the forecast period. In the media and entertainment industries, video transcoding is commonly employed.

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Some of the major key players in the Video Transcoding Market are HaiVision Systems, Cisco Systems, Imagine Communication, VBrick Systems, Wowza Media, Bosch Security Systems

Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Kemp House, 152 – 160 City Road, London EC1V 2NX
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Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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