Overview and Scope
A video processing platform is an internet-based video hosting service that allows users to upload, view, save, and broadcast video information.
Sizing and 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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Segmentation & Regional Insights
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
North America was the largest region in the video processing platform market in 2023. The regions covered in the video processing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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 Data Reportal 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.
Key Industry Players
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
The video processing platform market report table of contents includes:
- Executive Summary
- Video Processing Platform Market Characteristics
- Video Processing Platform Market Trends And Strategies
- Video Processing Platform Market – Macro Economic Scenario
- Global Video Processing Platform Market Size and Growth
- Video Processing Platform Market Segmentation
- Video Processing Platform Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Video Processing Platform Market
- Video Processing Platform Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Video Processing Platform Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Video Processing Platform Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Video Processing Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Akamai Technologies Inc. Financial Performance
Table 76: Imagine Communications Ltd. Financial Performance
Table 77: MediaKind Pvt. Ltd. Financial Performance
Table 78: Ateme S.A. Financial Performance
Table 79: Kaltura Inc Financial Performance
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