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Video Processing Platform Market Trends

Report ID: GMI6473
Published Date: Aug 2023
Report Format: PDF

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Video Processing Platform Market Trends

The development of specialized hardware, such as graphics processing units (GPUs) and field-programmable gate arrays (FPGAs), has led to improved video processing performance and capabilities. For instance, Nvidia introduced GeForce RTX 3090 Ti GPU in January 2023, designed specifically for video processing and gaming. It has 24 GB of GDDR 6X memory and 10,752 CUDA cores, allowing it to process video at very high speeds. The RTX 3090 Ti has been used by video editors, streamers, and gamers to improve the performance and quality of their video processing. This apart, the progression of VR and AR applications, such as immersive experiences and training simulations, requires advanced video processing platforms to handle the unique requirements of these technologies.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market for video processing platform was valued over USD 7 billion in 2022 and is projected to register a CAGR of over 11.5% between 2023 and 2032, backed by the remote work culture, and rising popularity of online games and E-sports.

The platform segment held a market share of 49% in 2022 and will continue to grow through 2032, due to the exponential growth of online video content.

North America market accounted for over 36% revenue share in 2022. The region's advanced technological infrastructure, high internet penetration rates, and thriving digital content ecosystem have created a conducive environment for video consumption, boosting the demand for video processing platforms.

Akamai Technologies, Kaltura, SeaChange, Vantrix, Pixel Power, MediaKind, Imagine Communications, Harmonic, Synamedia, Avid Technology, Evertz, Edgio, Brightcove, AWS Elemental.