VIDEO TRANSCODING MARKET ANALYSIS

Regional Analysis

Global Video Transcoding Market: Regional Insight

On the basis of region, video transcoding market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America region held major share in the global video transcoding market in 2018, owing to large number of key players in the region, which include Imagine Communications Corporation, VBrick Systems, Inc., Intel Corporation, Encoding.com Inc., NVIDIA Corporation, and others.

Moreover, Asia Pacific is expected to be the fastest growing region in the video transcoding market over the forecast period, due to growing media and entertainment industry in the region. Video transcoding is widely used in media and entertainment industry. According to India Brand Equity Foundation (IBEF), Indian media and entertainment (M&E) industry exhibited a CAGR of 10.90 % from year 2017 to 2018; and is expected to exhibit a CAGR of 13.10 % to reach US$ 39.68 billion (Rs 2,660.20 billion) by 2023 from US$ 22.28 billion (Rs. 1,436.00 billion) in 2018. Moreover, India’s online gaming industry is expected to exhibit a CAGR of 22% from 2018 to 2023 to reach US$ 1.68 billion (Rs 11,900 crore) by 2023.