The Europe Video Processing Platform Market would witness market growth of 15.4% CAGR during the forecast period (2021-2027).
The trend of online video is boosting the volume of internet traffic generated at a fast pace. Factors like improved access to the internet, multimedia service-capable mobile devices, advanced networks, and an application development ecosystem are increasing the consumption of media content through digital platforms. The growth and demand for video processing solutions and services is directly proportional to the ever-increasing number of internet users. Further, the increasing popularity of mobile video streaming trends and the accessibility of high-speed internet at a reduced cost have augmented the market growth.
There are numerous video processing solutions that provide end-to-end video solutions like streaming, IP conversion, video storage, and analytical approach for improved video output. The broadcast industry has transformed a lot due to the rising technological advancements since television broadcasters and content providers are efficiently utilizing the internet and the cross-device compatibility video capabilities, which assists them to expand their audience base. Moreover, improvements in broadband services have improved access to data for real-time video broadcasting that delivers enhanced video quality to the audience. Moreover, network operators & content providers & in the video processing platform market are expected to witness new growth avenues due to the high spending of the companies on digital advertising.
The high demand for digital media content across various platforms owing to the high internet penetration is supporting the growth of the regional video processing platform market over the forecast period. In addition, the increasing investment of the companies in the adoption of various latest technologies and solutions is estimated to augment the growth of the regional video processing platform market.
Further, the technological developments in video processing solutions by the regional market players would fuel regional market growth. The growing adoption of video processing platforms among organizations across various industrial verticals is propelling the growth of the regional video processing platform market during the forecast period. However, the rising cases of piracy of video content across this region would restrict the growth of the regional market over the forecast period.
The Germany market dominated the Europe On-Demand Video Processing Platform Market by Country 2020, thereby, achieving a market value of $404.5 million by 2027. The UK market is exhibiting a CAGR of 15.8% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 17.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Video Processing Platform Market Size will Hit $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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