The Asia Pacific Video Processing Platform Market would witness market growth of 16.7% CAGR during the forecast period (2021-2027).
The surge in demand for high-quality video content by the customers is one of the major driving factors for the video processing platform market. In addition, factors like the growing requirement for multi-device compatible video, enhanced infrastructure to provide high-quality video, rising spending on digital video advertising, and more internet accessibility in emerging nations are acting as catalysts for the growth of the video processing platform market.
Through the automation of video processing, CCTV videotapes could be processed in advance and are prepared by the time the investigators want to inspect them. The efforts made by the investigators could be streamlined by proactively automating video processing rather than reactively processing video when an incident happens. Due to this capability, several event organizers or convention center security teams are becoming more powerful and streamlining their management. Event security through proactively scheduling video processing can help in ensuring quick access to searchable video evidence or recording and start searching more rapidly after the occurrence of any incident. Due to this, several events and media companies are adopting video processing platforms, which would further propel the growth of the market.
The growing demand for exclusive video content by the audience is creating demand for video processing platforms as video creators and companies are highly adopting this platform to process their video data. This would bolster the growth of the regional video processing platform market over the forecast period. In addition, various benefits of video processing platforms are attracting more companies to adopt them which would accelerate the regional market growth.
Additionally, the continuously increasing number of smartphones & smartphone users and the availability of the internet at a low price are among the key determinants fueling the demand & growth of the video processing platforms in the regional market. However, the complicated nature of the video processing may restrict the companies from adopting this platform and thus, may hamper the growth of the regional video processing platform market during the forecast period.
The China market dominated the Asia Pacific Video Hosting Video Processing Platform Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $143.2 million by 2027. The Japan market is showcasing a CAGR of 17.9% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 19.4% during (2021 - 2027).
Based on Component, the market is segmented into Platform, Hardware and Services. Based on Application, the market is segmented into Video Upload & Ingestion, Video Transcoding & Processing, Dynamic Ad Insertion, Video Hosting and Content Rendering & Others. Based on Content Type, the market is segmented into Real-Time/Live and On-Demand. Based on End User, the market is segmented into TV Broadcasters, Network Operators and Content Providers. Based on Vertical, the market is segmented into Media & Entertainment, Manufacturing, BFSI, IT & Telecom, Education, Retail & Consumer Goods, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Video Processing Platform Market is Projected to reach USD 13.9 Billion by 2027, at a CAGR of 15.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akamai Technologies, Inc., NVIDIA Corporation, Qumu Corporation, SeaChange International, Inc., Ateme S.A., MediaKind, JW Player, Inc., Kaltura, Inc., MediaMelon, Inc., and Imagine Communications, Inc. (Harris Broadcast).
By Component
By Application
By Content Type
By End User
By Vertical
By Country
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