Press release
Video Processing Platform Global Market Report 2024 - By Demand, Size, Share, Growth, Forecast To 2033
Video Processing Platform
The Business Research Company offers in-depth market insights through Video Processing Platform Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The video processing platform market size has grown rapidly in recent years. It will grow from $7.8 billion in 2023 to $9.15 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to increased disposable incomes, easy access to knowledge, fast adoption of technological products, growing adoption of video content for various applications, rise of streaming services, social media, and e-learning.
The video processing platform market size is expected to see rapid growth in the next few years. It will grow to $18.13 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to high internet penetration rates, thriving digital content ecosystem, increasing emphasis on live streaming and real-time video, surge in remote collaboration and video conferencing, growing demand for 4k and ultra high-definition (uhd) video. Major trends in the forecast period include edge computing for video processing, shift towards cloud-based video processing solutions, development of low-latency video streaming technologies, advancements in video analytics and content recognition, emergence of 5g technology for enhanced video transmission.
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Market Segmentation:
The video processing platform market covered in this report is segmented -
1) By Component: Hardware, Platform, Services
2) By Deployment Type: Public Cloud, Private Cloud, Hybrid
3) By Application: Video Upload And Ingestion, Dynamic Ad Insertion, Video Transcoding And Processing, Video Hosting, Content Rendering, Other Applications
4) By Industry: Media And Entertainment, Defense, Government Or Homeland Security, Other Industries
Major Driver - Growing Internet Users Drive Video Processing Platform Market
The increase in the number of internet users is expected to propel the growth of the video processing platform market over the forecast period. The internet plays a crucial role in people's lives today as a large portion of the population's lives are immersed in digital technology. A cloud-based video processing platform is a technology that provides video service operators with standardized features and numerous monetization approaches. These systems also aid in the integration of video-on-demand, multiscreen video infrastructure, television abilities, and formats. For instance, according to the DataReportal report, internet users are growing at a 4.8% yearly rate, with an average of more than 600,000 new users added each day, in October 2021, 4.88 billion people around the world are reported to use the internet. Therefore, the increase in the number of internet users is contributing to the video processing platform market growth.
Competitive Landscape:
Major companies operating in the video processing platform market report are Akamai Technologies Inc., Imagine Communications Ltd., MediaKind Pvt. Ltd., Ateme S. A., Kaltura Inc., Vantrix Corporation, Amagi Corporation, Apriorit Inc., BASE Media Cloud, Blazeclan Technologies Pvt. Ltd., Pixel Power Ltd., InPixal, Surf Communications Solutions Ltd., KritiKal Solutions Inc., Morpho Inc., Amazon Web Services Inc., Apple Inc., Cisco Systems Inc., Google LLC, Netflix Inc., Brightcove Inc., Comcast Cable Communications Management LLC, Endavo Media & Communications Inc., Longtail Ad Solutions Inc., MediaMelon Inc., Ooyala Inc., Panopto Inc., SeaChange International, Harmonic Inc., Synamedia Inc., Avid Technology Inc., Evertz Technologies Limited, Edgio Inc., Sparkhouse, Casual Films Limited, Lemonlight Media, VeracityColab
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Top Trend - Technological Innovations Drive Video Processing Platform Market
Technological advancements are shaping the video processing platform market. Key players operating in the video processing platform solutions market are focusing on developing advanced technological solutions to strengthen their position in the market. For instance, in June 2021, MediaKind, an India-based media technology solutions company, launched MediaKind Engage based on cloud-native technology. MediaKind Engage is a brand-new end-to-end direct-to-consumer (DTC) video contribution, creation, broadcasting, and audience interaction solution. The solution allows sports organizations, broadcasters, and content owners to manage a smooth transition to cloud-based processes while also increasing the reach, scope, and dependability of their video streaming content to a global audience.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Video Processing Platform Market Characteristics
3. Video Processing Platform Market Trends And Strategies
4. Video Processing Platform Market - Macro Economic Scenario
5. Video Processing Platform Market Size And Growth
…..
27. Video Processing Platform Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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