Published Date: 18-Nov-2021
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According to a new report Global Video Processing Platform Market, published by KBV research, The Global Video Processing Platform Market size is expected to reach $13.9 billion by 2027, rising at a market growth of 15.9% CAGR during the forecast period.
The video upload & ingestion segment is anticipated to procure the maximum market share over the forecast period. One of the most crucial applications of a video processing platform is video upload & ingestion. Further, video ingest refers to the procedure of forwarding, capturing, or importing various kinds of video into the server. There are numerous companies that deal with many video sources, which are making it difficult to support a broad range of file formats.
Media and entertainment vertical is estimated to garner the highest market share over the forecast period. With the increasing advancements in media technologies, the media & entertainment industry is constantly developing across the globe. Under the conventional media value chain, content is developed for a channel, which is further broadcasted for the audience.
The Asia Pacific region would display a fastest growth rate over the forecast period. Factors such as the proliferation of smart devices, positive economic growth, high-speed internet connectivity, and digital transformation are responsible for the growth of the regional market. The growing preference of the audiences toward international video content in this region is creating numerous lucrative opportunities for VoD players like Netflix and Amazon Prime Video. It would further lead to the rising demand for video processing platforms with applications like video transcoding & processing, video upload & ingestion, and video hosting.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Akamai Technologies, Inc., NVIDIA Corporation, Qumu Corporation, SeaChange International, Inc., Ateme S.A., MediaKind, JW Player, Inc., Kaltura, Inc., MediaMelon, Inc., and Imagine Communications, Inc. (Harris Broadcast).
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