The global media (video) processing solutions market is projected to be driven by increasing demand from customers for high-quality videos. Improving infrastructure to deliver high-quality videos, rising need for multi device compatibility videos, increasing spend on digital video advertising, and increased internet accessibility in developing countries contributes to the growth of the media (video) processing solutions market across the world.
Data access for streaming live videos has increased greatly due to advancements in broadband services, enabling viewers to experience improved video quality without any lag in real time. The U.S. Federal Communications Commission (FCC) has implemented a plan to improve Internet access in the U.S., which states that at least 100 million homes in the country should have affordable access to the actual speed of 100 Mbps by 2020.
Moreover, introduction of several streaming media devices such as Google Chromecast (Google Inc.), Apple TV (Apple TV), Slingbox (Sling Media), NVidia Shield (NVIDIA Corporation), and Fire TV (Amazon Inc.), has transformed the viewing experience across mobile devices such as smartphones, tablets, and laptops to a great extent.
Increasing use of mobile TV services has a significant impact on live video. Video service providers have an opportunity to deliver streaming services through mobile phone networks and terrestrial television stations.
Media (Video) Processing Solutions Market: Scope of the Report
The global media (video) processing solutions market has been segmented on the basis of solutions, components, enterprise size, content type, end-user, and region. Within the solutions segment, platforms are expected to dominate the global market in 2018.
Asia Pacific led the media (video) processing solutions market, accounting for substantial share in 2017, with China and India being the major markets for media (video) processing solutions in the region. The media (video) processing solutions market in North America, Europe, Middle East & Africa, and South America is also expected to grow during the forecast period.
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Media (Video) Processing Solutions Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global media (video) processing solutions market. Key players profiled in the report include Akamai Technologies, Amagi Media Labs Pvt. Ltd, Apriorit Inc., ATEME SA, BASE Media Cloud Ltd., BlazeClan Technologies, Imagine Communications Corp., Kaltura Inc., M2A Media Ltd., MediaKind, Pixel Power Ltd. SeaChange International, Synamedia Ltd., Telefonaktiebolaget LM Ericsson, and Vantrix Corporation.