Video Processing Platform Market

Key Growth Drivers and Market Insights for the Video Processing Platform Market

The video processing platform market is estimated to increase at a compound annual growth rate (CAGR) of 12.1% over the forecast period, reaching USD 13.5 billion by 2028 from USD 7.6 billion in 2023. The increasing adoption of mobile devices, as well as video-centric product marketing techniques, are likely to boost the global video processing platform market.

The growth of the Video Processing Platform (VPP) market is driven by several key factors:

  • Increasing Demand for High-Quality Video Content
  • Rapid Adoption of Cloud-Based Solutions
  • Expansion of Over-the-Top (OTT) Services
  • Integration of AI and Machine Learning
  • Growth in Internet Penetration
  • Advancements in 5G Technology
  • Rising Use of Video in Marketing and Communication
  • Enhanced Security and Content Protection

To know about the assumptions considered for the study download the pdf brochure

Increasing Demand for High-Quality Video Content: As consumers demand higher-quality video experiences, including HD and UHD content, there is a growing need for advanced video processing capabilities to ensure seamless streaming and playback across various devices (Market Research Future) (GMI Research).

Rapid Adoption of Cloud-Based Solutions: The shift towards cloud-based video processing platforms offers scalability, flexibility, and cost-efficiency. These platforms enable content providers to manage, distribute, and process video content more effectively, facilitating remote collaboration and real-time video processing (Future Insights) (MarketsandMarkets).

Expansion of Over-the-Top (OTT) Services: The proliferation of OTT services such as Netflix, Hulu, and Amazon Prime has significantly increased the demand for robust video processing platforms that can handle large volumes of content and deliver it efficiently to a global audience (MarketsandMarkets).

Integration of AI and Machine Learning: AI and machine learning technologies are being used to enhance video processing capabilities, such as automated editing, content recommendations, and real-time analytics. These innovations improve video quality, optimize compression, and personalize viewing experiences (Market Research Future) (GMI Research).

Growth in Internet Penetration: The increasing availability of high-speed internet globally has facilitated the consumption of video content, driving the need for efficient video processing platforms that can deliver content seamlessly to a diverse and widespread audience (Market Research Future).

Advancements in 5G Technology: The rollout of 5G networks promises faster data transfer rates and lower latency, which will enhance the delivery of live and on-demand video content, supporting new technologies like AR and VR and improving mobile video streaming experiences (MarketsandMarkets).

Rising Use of Video in Marketing and Communication: Businesses are leveraging video content for marketing, advertising, and internal communications, leading to increased adoption of video processing platforms that offer dynamic ad insertion, video hosting, and content rendering capabilities (GMI Research).

Enhanced Security and Content Protection: With the rise in digital video consumption, there is an increasing focus on protecting content from piracy and cyber threats. Advanced security features such as forensic watermarking and encryption are becoming integral to video processing platforms to ensure secure content delivery (MarketsandMarkets).

These growth drivers highlight the dynamic nature of the video processing platform market and underscore the importance of technological advancements and consumer demands in shaping its future.

Video Processing Platform Market Share - Global Industry Landscape

Some of the leading companies in the Video Processing Platform industry include:

  • Harmonic (US)
  • Synamedia (UK)
  • Avid Technology (US)
  • Evertz (Canada)
  • Edgio (US)

Harmonic (US):

Market Share: Harmonic holds a significant position in the video processing market, leveraging its advanced technology solutions to cater to a broad range of industries.

Key Offerings: Harmonic specializes in video delivery solutions, including cloud-based media processing, production, and playout. Their key products include the VOS® Cloud-Native Software, Spectrum™ media servers, and Electra® encoders, which provide comprehensive solutions for live streaming, broadcast, and on-demand video delivery .

Synamedia (UK):

Market Share: Synamedia is a leading player in the video processing market, especially in content protection and video delivery.

Key Offerings: Synamedia offers a range of products including the Infinite Video Platform, which delivers seamless video experiences across devices, and the Video Network portfolio that includes encoding, transcoding, and content delivery solutions. Their services also extend to advanced advertising, cloud DVR, and anti-piracy solutions .

Avid Technology (US):

Market Share: Avid Technology has a strong presence in the media and entertainment industry, known for its robust software and hardware solutions.

Key Offerings: Avid provides innovative solutions for video and audio editing, including the Media Composer®, Pro Tools®, and the Avid NEXIS® storage solutions. These tools are widely used in the creation, distribution, and monetization of digital media content .

Evertz (Canada):

Market Share: Evertz is a dominant force in the video infrastructure market, particularly in broadcast and media production.

Key Offerings: Evertz's key products include the DreamCatcher™ suite for live production, the MAGNUM orchestration and control system, and their comprehensive range of IP-based video solutions. They also provide cloud-based media asset management and distribution systems .

Edgio (US):

Market Share: Edgio, formerly known as Limelight Networks, holds a noteworthy position in the edge-enabled software solutions market.

Key Offerings: Edgio specializes in edge computing and CDN services, offering solutions like live and on-demand video delivery, web application security, and edge cloud services. Their platform is designed to enhance speed, security, and simplicity for content delivery across the globe.

Related Reports:

Video Processing Platform Market by Component (Hardware, Platform, Services), Application (Video Upload & Ingestion, Dynamic Ad Insertion, Video Transcoding & Processing, Video Hosting), Content Type, Vertical and Region - Global Forecast to 2028

Video Processing Platform Market Size,  Share & Growth Report
Report Code
TC 7984
RI Published ON
7/14/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status