Technology & Telecommunications

According to a market report by Lucintel, the future of the global video transcoding market looks promising with opportunities in the telecommunication, media and entertainment, IT & gaming, and broadcasting applications. The global video transcoding market is expected to reach an estimated $2.60 billion by 2028 with a CAGR of 7.6% from 2023 to 2028. The major drivers for this market are increasing number of OTT media providers, online video platforms, and video streaming services, escalating need for cloud-based transcoding services, and growing usage of this technology to develop high- and ultra-high-definition video content.



In this market, software-based solution and hardware-based solution are the two components of video transcoding used by various end use industries. Lucintel forecasts that hardware-based solution is expected to witness a higher growth over the forecast period due to the substantial use of hardware transcoders for ensuring high performance and enhanced quality in the video streaming and broadcasting applications.



Within this market, media and entertainment segment is expected to witness the highest growth over the forecast period due to the extensive use of video transcoding for the streaming video media process to convert files into various formats and enable users to stream entertaining video files at the highest quality and with least buffering time.



North America will remain the largest region over the forecast period due to presence of key players, rising number of streaming videos, and emergence of an x86 intelligent video transcoding technology for streaming and encoding videos in the region.

Akamai Technologies, Amazon Web Services, Brightcove, Google, Haivision Systems., Imagine Communications, and Qencode are the major suppliers in the global video transcoding market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global video transcoding market by component, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Video Transcoding Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global video transcoding market by component, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global video transcoding market by component (software-based solution and hardware-based solution), application (telecommunication, media and entertainment, IT and gaming, broadcasting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?