The countries covered in the video processing platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the video processing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. North America was the largest region in the video processing platform market in 2021. Major players in the video processing platform market are Akamai Technologies, Imagine Communications, MediaKind, Ateme S.A., Kaltura Inc, Vantrix Corporation, Amagi, Apriorit, BASE Media Cloud, Blazeclan Technologies, Pixel Power Ltd., InPixal, Surf Communications Solutions Ltd., KritiKal Solutions Inc., and Morpho Inc. Vonage is a US-based telecommunications company that offers a video processing platform. This acquisition exemplifies Ericsson’s objective of expanding its wireless enterprise footprint and expanding its global offerings. In November 2021, Ericsson, a Sweden-based telecommunications company acquired Vonage for $ 6.2 billion. The solution allows sports organizations, broadcasters, and content owners to manage a smooth transition to cloud-based processes while also increasing the reach, scope, and dependability of their video streaming content to a global audience. MediaKind Engage is a brand-new end-to-end direct-to-consumer (DTC) video contribution, creation, broadcasting, and audience interaction solution. For instance, in June 2021, MediaKind, an India-based media technology solutions company launched MediaKind Engage based on cloud-native technology. Key players operating in the video processing platform solutions market are focusing on developing advanced technological solutions to strengthen their position in the market. Technological advancements are shaping the video processing platform market. Therefore, the increase in the number of internet users is contributing to the growth of the video processing platform market. ![]() For instance, according to DataReportal report, internet users are growing at a 4.8% yearly rate, with an average of more than 600,000 new users added each day, in October 2021, 4.88 billion people around the world are reported to use the internet. These systems also aid in the integration of video-on-demand, multiscreen video infrastructure, television abilities, and formats. A cloud-based video processing platform is a technology that provides video service operators with standardized features and numerous monetization approaches. The internet plays a crucial role in people's lives today as a large portion of the population's lives are immersed in digital technology. The increase in the number of internet users is expected to propel the growth of the video processing platform market over the forecast period. The video processing platform market is expected to reach $13.11 billion in 2025 at a CAGR of 17.8%. The change in the video processing platform market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The global video processing platform market size is expected to grow from $5.73 billion in 2021 to $6.81 billion in 2022 at a compound annual growth rate (CAGR) of 18.9%. The several sectors include media and entertainment, defense, government or homeland security, and others. The different deployment modes include public cloud, private cloud, hybrid and are used in video upload and ingestion, dynamic Ad insertion, video transcoding and processing, video hosting, content rendering, others. A video processing platform is an internet-based video hosting service that allows users to upload, view, save, and broadcast video information. The main components in video processing platform are hardware, platform, and services. A video platform is a video hosting service that enables users to publish, view, save, and broadcast video material over the internet. Video processing platforms use software, hardware, or both to edit the images and sound recorded in video files. The video processing platform market consists of sales of video processing platforms by entities (organizations, sole traders, and partnerships) that provide standardized capabilities and multiple monetization models to video service providers.
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