Global Video Transcoding Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Video Transcoding Market Report offers in-depth insights, revenue details, and other vital information regarding the global video transcoding market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

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The Video Transcoding Market report also offers insightful and detailed information regarding the various key players operating in the global video transcoding market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.

The global video transcoding has been segmented on the basis of type of device, application, and region.

Video Transcoding Market Overview:

“The Video Transcoding Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Video transcoding entails converting a media file of one format to another, and the conversion is either digital-to-digital or analog-to-analog.

This is the standard procedure when the target device does not support the format or if storage capacity is limited storage capacity.

Transcoding enables converting of data into a suitable format as well as reduces file size. A video transcoder is used to convert existing digital video content to another digital format to enable compatibility and viewing on a device.

For example, the conversion of an MP3 music file to a WMV file can be termed video transcoding.

This process is also used to convert incompatible data to a better-supported format and for fitting various HTML files or graphics files to the unique constraints of smartphones, tablets, and other web-enabled devices.

Some primary factors driving the growth of the global video transcoding market include high growth in Software as a Service (SaaS) offerings, high digitization of cable and broadcast, and growing need for transcoding owing to the increasing number of portable devices.

Furthermore, demand for video transcoders is expected to increase further owing to the rising demand for multiscreen video services.

The multiscreen video entails the transformation of video content into multiple video formats having different resolutions and bit-rates for devices such as television, smartphone, tablet, and personal computer.

In addition, the introduction of high-efficiency video coding (HEVC) or H.265 is anticipated to boost demand for video transcoders among network operators and media companies in the near future.

However, the high initial cost for the replacement of old hardware-based transcoders or upgrade to more advanced technology-based products is a key factor expected to hamper the market growth.

Among the various regions in the global video transcoding market, the market in North America is expected to remain dominant in terms of revenue contribution, and account for over one-third of overall market revenue.

Video Transcoding Market Segmentation:

Video transcoding market segmentation by type:

• Software-based solution
• Hardware-based solution

Video transcoding market segmentation by application:

• Education
• Media and Entertainment
• Telecommunication
• Broadcasting
• IT and Gaming

Video transcoding market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa