Video Processing Platform Global Market Report 2023: Sector to Reach $15.93 Billion by 2027 at an 18.4% CAGR

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Jun 07, 2023, 06:45 ET

DUBLIN, June 7, 2023 /PRNewswire/ -- The "Video Processing Platform Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global video processing platform market grew from $6.83 billion in 2022 to $8.09 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The video processing platform market is expected to grow to $15.93 billion in 2027 at a CAGR of 18.4%.

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 growth of the 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.

In November 2021, Ericsson, a Sweden-based telecommunications company acquired Vonage for $ 6.2 billion. This acquisition exemplifies Ericsson's objective of expanding its wireless enterprise footprint and expanding its global offerings. Vonage is a US-based telecommunications company that offers a video processing platform.

North America was the largest region in the video processing platform market in 2022. The regions covered in the video processing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the video processing platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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Description:

Where is the largest and fastest growing market for video processing platform? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The video processing platform market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope
Markets Covered:

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

Key Topics Covered:

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

6. Video Processing Platform Market Segmentation

7. Video Processing Platform Market Regional And Country Analysis
7.1. Global Video Processing Platform Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Video Processing Platform Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

A selection of companies mentioned in this report includes

Akamai Technologies
Imagine Communications
MediaKind
Ateme S.A.
Kaltura Inc
Vantrix Corporation
Amagi
Apriorit
BASE Media Cloud
Blazeclan Technologies
Pixel Power Ltd.
InPixal
Surf Communications Solutions Ltd.
KritiKal Solutions Inc.
Morpho Inc.

For more information about this report visit https://www.researchandmarkets.com/r/t3mkwz

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