New York, September 30, 2021 (GLOBE NEWSWIRE) – Announces the Release of the “COVID-19 Impact Video Processing Platforms Market, By Component, Application, Content Type, End User, Vertical, and Region – Global Forecast until 2026 “-
Of all the digital devices in use, mobile devices have become the preferred medium for online media consumption. The smartphone market has experienced unprecedented growth over the past 5 years. The use of smartphones is growing all over the world. According to Statista, 6.3 billion people worldwide owned a smartphone until 2021. The trend of online video is exploding the amount of internet traffic being generated at a high rate. With improved networks, better internet access, mobile devices compatible with multimedia services and an application development ecosystem, media consumption through digital platforms is increasing. As the number of Internet users has increased in recent years and this number is expected to increase significantly in the coming years, the demand for video processing solutions and services is also expected to increase. Thus, factors such as the growing trend of mobile video streaming and the availability of low-cost high-speed internet have fueled the growth of the video processing platform market.

Video download and ingest segment is expected to hold larger market size during the forecast period.
The application segment includes video uploading and ingesting, dynamic ad insertion (real-time), video transcoding and processing, video hosting, content rendering, etc. Video download and ingest segment is expected to account for the largest market share during the forecast. period.

Downloading and ingesting videos are some of the most important applications of a video processing platform. Ingesting videos is the process of capturing, transferring, or importing different types of video on the server.

Organizations are faced with a plethora of video sources that create difficulty in supporting a wide variety of file formats. Downloading and ingesting videos helps businesses create video content with flexibility.

It helps organizations to capture, transfer and store video files in an organized manner. It also facilitates encoding and transcoding of video streams, indexing of video for easy searching, processing of images and slides, creation of thumbnails, and routing of video assets. Video upload and ingestion supports both basic upload and high speed video upload for content administrators. Downloading and ingesting videos is expected to account for the largest market share in the app segment.

Media and Entertainment Vertical Expected to Hold Largest Market Share in 2020
The media and entertainment vertical is continually evolving, due to rapid advancements in media technology. In the traditional media value chain, content is created for a channel which is then broadcast to viewers.

Streaming multimedia content to any connected device has become the most important trend in the broadcasting industry. There is an exponential increase in video traffic from VoD services, such as Netflix and Amazon Prime, video conferencing, live streaming from entertainment and infotainment sites, and new services in the social media sphere are contributing to the demand for high quality video processing platforms.
Internet users around the world are growing rapidly and the media and entertainment vertical industry is witnessing a shift from traditional networks involving television networks to the Internet. The demand for live video and video on demand is increasing rapidly.

Video applications, such as video streaming, webcasting, video conferencing, and video content management, are gaining ground and contributing to the growing demand for video processing platforms.

North America will hold the largest market size and Asia-Pacific (APAC) will experience faster growth during the forecast period
North America saw the first adoption of cloud and mobile technologies, which have been significantly responsive to the adoption of video processing platforms. The North American region includes countries such as the United States and Canada.

Businesses are rapidly adopting video processing platforms to improve the overall employee experience and address business continuity challenges during lockdown. North America is expected to encourage the growth of the market, as large enterprises and SMEs focus on the development of innovative video processing platforms, which are integrated with advanced technologies, such as video streaming, time advertising real, video analytics, artificial intelligence (AI) and machine learning (ML).

North America is also witnessing the early adoption of cloud and mobility technologies and has an advanced IT infrastructure, which reduces operational expenses through various technological advancements in various verticals. North America is estimated to be the largest contributor in terms of income, compared to other regions.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, in-depth primary interviews were conducted with key individuals.

The breakdown of the profiles of the main participants is as follows:
• By type of business: level I: 40%, level II: 25% and level III: 35%
• By designation: C-Level: 25%, D-Level: 37% and Others: 38%
• By region: North America: 42%, Europe: 24%, APAC: 18% and RDM: 16%

The report profiles the following key vendors:
1. Akamai (United States)
2. Imagine Communications (United States)
3. MediaKind (United States)
4. Kaltura (United States)
5. ATEME (France)
6. Synamedia (England)
7. SeaChange (United States)
8. Vantrix (Canada)
9. NVIDIA (United States)
10. Pixel power (UK)
11. Qumu (United States)
12. InPixal (France)
13. Amagi (United States)
14. Priority (United States)
15. MediaMelon (United States)
16. Mux (United States)
17. Basic Media Cloud (US)
18. M2A Media (UK)
19. BlazeClan Technologies (India)
20. Player JW (United States)
21. SSIMWAVE (Canada)
22. (United States)
23. Beamr (United States).

Research coverage
The report segments the global video processing platform market by component, hardware, platform, and services. and others.

Based on content type, the Video Processing Platforms market has been categorized as real-time / live and on-demand. Based on the end user, the market has been categorized into TV broadcasters, network operators, and content providers.

By vertical, the video processing platform market has been classified into BFSI; Education; Health and life sciences; IT and telecommunications; Government; Manufacturing; Retail trade and consumer goods; Media and entertainment and others. By region, the market has been segmented into North America, Europe, APAC, MEA, and Latin America.

Main advantages of purchasing the report
The Video Processing Platforms Market report will help the market leaders / new market entrants with information on the closest approximations to revenue figures for the global Video Processing Platforms market and sub -segments. The report will help stakeholders understand the competitive landscape and gain more from it. to better position their businesses and plan appropriate marketing strategies.

The report also helps stakeholders understand the market pulse and provides them with insights into the major market drivers, restraints, challenges, and opportunities.
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