Global Video Transcoding Market 2024-2028
Global Video Transcoding Market 2024-2028
The video transcoding market is forecasted to grow by USD 1685.7 mn during 2023-2028, accelerating at a CAGR of 13.21% during the forecast period. The report on the video transcoding market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased content generation and rise of ott platforms, growing popularity of live streaming, and increasing number of online content creators.
Technavio's video transcoding market is segmented as below:
- By Type
- Software based solution
- Hardware based solution
- By End-user
- Media and entertainment
- Others
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the increasing adoption of ai-based video transcoding as one of the prime reasons driving the video transcoding market growth during the next few years. Also, growing adoption of cloud-based video transcoding and growing preference for vod services will lead to sizable demand in the market.
The report on the video transcoding market covers the following areas:
- Video transcoding market sizing
- Video transcoding market forecast
- Video transcoding market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading video transcoding market vendors that include Akamai Technologies Inc., Alphabet Inc., Amazon.com Inc., Bertelsmann SE and Co. KGaA, Bianor Inc, Brightcove Inc., CDNetworks Inc., Contus, Harmonic Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Imagine Communications Corp., Muvi LLC, Mux Inc. , Qencode Corp., Telestream LLC, TV2Z, VBrick, Wilhelm Sihn jr. GmbH and Co. KG, and Wowza Media Systems LLC. Also, the video transcoding market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.