London, 04 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global video transcoding market 2015-2019, which is expected to grow at a CAGR of 15% during the forecast period of 2014-2019.
“The rise of IPTV and Ultra HD TV is directly proportional to the video transcoding market as Ultra HD gives the market a huge opportunity for video transcoding,” says Faisal Ghaus, Vice President of Technavio.
“With next-generation technologies and features already being added by manufacturers to help improve the already outstanding picture quality and viewing experience, 4K UHD is the next big thing in television technology.”
Key Market Drivers
- Software application redefining market
- High growth in SaaS offerings
- High digitization of cable and broadcast
- High potential for multi-screen, multi-platform, and OTT
- High opportunity cost for cloud-based transcoding
- Growing need for transcoding with increasing number of portable devices
- Unprecedented growth in video streaming
Key Market Trends
- Software and cloud integral part of future design
- Growing HD channel density
- Industry transformation from MPEG-2 to HEVC
- Rise of IPTV and ultra HD TV
- Coding support for Blu-ray discs and game consoles
Key Market Vendors
- Encoding.com Inc.
- HaiVision Systems Inc.
- Imagine Communications Corp.
- VBrick Systems Inc.
- Wowza Media Systems LLC
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
