Global Captioning and Subtitling Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Captioning and Subtitling Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Captioning and subtitling solutions provides platform for video captioning and subtitling of digital media. The solutions enable encoding, editing, and repurposing of video subtitles and captions for delivery platforms, such as, web, mobile, and television. This report mainly studies global Captioning and Subtitling Solutions market.

Market Overview:

The latest research study on the global Captioning and Subtitling Solutions market finds that the global Captioning and Subtitling Solutions market reached a value of USD 316.02 million in 2022. It’s expected that the market will achieve USD 512.45 million by 2028, exhibiting a CAGR of 8.39% during the forecast period.COVID-19 has not slowed its growth, with streaming video becoming part of many people's home lives during the epidemic, and streaming media usage growing dramatically. Although COVID-19 made the shoot-and-play offline model of video and drama unworkable, some streaming platforms have begun to explore new ways of streaming video. However, some streaming platforms are exploring new production models, including partnerships with the film industry, such as Disney, which has chosen to launch on its streaming platform films that were originally intended for theatrical release.During the COVID-19 period, the global TV and radio industries collectively experienced rapid growth. There may be reasons for this: first, the public's rigid demand for information. Television media's timely presentation of the epidemic scene, authoritative release of information, accountability for problems and response to public concerns make it one of the most relied upon information channels for users. Second, during special periods, television broadcasting can help the public adjust their emotions and soothe their feelings. However, the return of TV media viewing does not mean a return to the golden age of traditional television, especially the return of traditional path dependence.Subtitles play a vital role in helping to improve communication, a fact validated by our times during the current COVID-19 global pandemic. The United Nations and the World Health Organization, as well as governments around the globe, are relying on the use of captioned videos to present urgent emergency messages to people. From instructional and practical advice on hand-washing to educational and instructional details on the facts and figures surrounding coronavirus transmission and lockdown measures, captioning provides an invaluable resource and means of communication to get the message across countries and continents in a clear and concise manner via telephone and television.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (41.48% in 2022).

Company Overview

VITAC is one of the major players operating in the Captioning and Subtitling Solutions market, holding a share of 23.47% in 2022.

VITAC

VITAC is the largest provider of communication accessibility services in the nation.

IBM

IBM is a leading cloud platform and cognitive solutions company. Restlessly reinventing since 1911, they are the largest technology and consulting employer in the world, with more than 350,000 employees serving clients in 170 countries. With Watson, the AI platform for business, powered by data, they are building industry-based solutions to real-world problems.

Segmentation Overview:

By type, Cloud segment accounted for the largest share of market in 2022.

On-premise

This solution runs on the enterprise's own server and is protected by its internal firewall. For a long time, this is the only way to integrate external applications or software with an organization's code base. The advantage is that organizations can fully manage and control their integration with external functions in this way. This means tighter control over security, which is a very important part of adding external services to applications. This is because the organization's data is internal, not delivered through cloud computing services.

Cloud

Cloud computing is completely remotely hosted by a third party on another server. Cloud computing-based servers provide data or functions as needed, so they can effectively expand enterprise requirements in a simpler way than locally. The minimum effort to start using external software through cloud computing is a major advantage of remote infrastructure.

Application Overview:

The market's largest segment by application is the segment Broadcast, with a market share of 31.15% in 2022.

Key Companies in the global Captioning and Subtitling Solutions market covered in Chapter 3:

CCJK TechnologiesAi-Media (EEG Enterprises)ApptekZOO Digital GroupTelestreamCapital CaptionsDigital NirvanaRevAutomatic Sync TechnologiesIBMVITAC3Play Media

In Chapter 4 and Chapter 14.2, on the basis of types, the Captioning and Subtitling Solutions market from 2018 to 2029 is primarily split into:

On-PremisesCloud

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Captioning and Subtitling Solutions market from 2018 to 2029 covers:

CorporateGovernmentBroadcastContent ProducersEducationOthers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)