In 2024, the market for video processing platforms is anticipated to be worth USD 8.3 billion. In 2023, the value CAGR was 22.0%. A compound annual growth rate (CAGR) of 18.5% is anticipated for the market’s development between 2024 and 2034. The market value is expected to reach USD 45.0 billion by 2034.
The media and entertainment sector’s growth, which is being fueled by consumers’ growing desire for premium video content from well-known streaming services like Netflix and Amazon Prime, is anticipated to propel market expansion. As a result, there is now a greater demand for sophisticated video processing platforms that can manage massive data sets and produce output of superior quality.
The adoption of video-based communication technologies has increased due to remote work and virtual meetings, resulting in a need for video processing platforms with advanced features such as screen sharing and virtual backgrounds.
Request a Sample of this Report:
https://www.fmisamplereport.com/sample/rep-gb-18945
The popularity of social media platforms like YouTube and TikTok has also led to an increase in user-generated video content, requiring advanced video processing platforms for editing and enhancement. The market has seen a surge in demand for advanced technologies such as video analytics platforms, GPU video processing, and edge video processing, which enable businesses to process and analyze large volumes of video data accurately and quickly.
The popularity of 4K video processing is also contributing to the market growth, as it allows for higher resolution and better visual quality in video content.
“In the forecast period, there are expected to be lucrative opportunities from the potential for innovation and development. This is primarily because the demand for video processing platforms is on the rise, and to meet this demand, new and improved technologies are needed that can handle larger amounts of data and provide higher quality video outputs, “Says an analyst at FMI.
Key Takeaways from the Video Processing Platform Market
- The global video processing platform market is estimated to register a CAGR of 18.5% with a valuation of US$ 45 billion by 2034.
- The hardware segment is anticipated to dominate the global market by registering an 18.3% market CAGR from 2024 to 2034.
- With an 18.1% market CAGR, video upload and ingestion will drive the global market from 2024 to 2034
Competitive Landscape
The market for video processing platforms is expected to change, with new players entering and existing players innovating to maintain their position. Each company offers unique capabilities and features that cater to diverse customer needs. In addition to established players, smaller companies and start-ups are also gaining recognition in this space. As the demand for video processing platforms increases, we can anticipate an influx of new players, which will further drive innovation in the market.
Recent Developments in the Video Processing Platform Market
In 2021, MediaKind announced the launch of MediaKind Engage – a new solution that offers end-to-end direct-to-consumer (DTC) services for video contribution, production, streaming, and audience engagement. This solution enables sports entities, broadcasters, and content owners to switch to cloud-based workflows effortlessly. By embracing this solution, they can enhance the reach, scalability, and reliability of their video streaming content, making it accessible to a global audience
Key Market Players
- Amagi
- APriorit
- ATEME
- Base Media Cloud
- Beamr
- BlazeClan Technologies
- IMagine Communications
- InPixal
- JW Player
- Kaltura
- Kamai
- Lightcast.com
Key Market Segmentation
By Component:
- Hardware
- Platform
- Services
By Application:
- Video Upload and Ingestion
- Dynamic Ad Insertion
- Video Transcoding and Processing
- Video Hosting
- Content Rendering
- Others
By Content Type:
- Real-Time/Live
- On-Demand
- Iron Ore Mining
- Precious Metals & Rare Earth Minerals Mining
- Industrial Mineral Mining
- Others
By End User:
- TV Broadcasters
- Network Operators
- Content Providers
By Verticals:
- BFSI
- Manufacturing
- Healthcare and Lifesciences
- IT and Telecommunications
- Government
- Education
- Retail and Consumer Goods
- Media and Entertainment
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia
- Europe
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
