Industry Background:
Media coding services are the coding or encoding services used in a wide range of media industries or applications for music streaming, advertising, etc. The coding services are the process of files containing the digital audio/video from one standard format to another as it reduces the sizes of files compatible with different devices, apps, and platforms. Media coding services provide services for multi-format streaming, video file transcoding, content creation, broadcasting distribution, low latency streaming, personalized ads. The coding process compresses the files efficiently to be sent to another platform.This growth is primarily driven by Growing Volume of Content in Music, Audio, and Video Form
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Microsoft Azure (United States), Adobe Inc. (United States), Amazon (United States), Encoding.com (United States), Bitmovinn (United States), Bertelsmann (Arvato) (Germany), Mux (United States), Coding Brains (United States), Rouge Media (Canada), Nuance (United States), Qencode (United States), Cloudflare (United States), Lumen Technologies (United States) and Vee Technologies (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft Azure (United States), Adobe Inc. (United States), Amazon (United States), Encoding.com (United States), Bitmovinn (United States), Bertelsmann (Arvato) (Germany), Mux (United States), Coding Brains (United States), Rouge Media (Canada), Nuance (United States), Qencode (United States), Cloudflare (United States), Lumen Technologies (United States) and Vee Technologies (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th June 2021, To enable media distributors and service providers to deliver video content more quickly and easily to audiences anywhere around the globe, on any device, Lumen Technologies has introduced Lumen Media Transformation. Lumen Media Transformation creates high-quality online viewing experiences by combining advanced video encoding technologies with the Lumen global fiber and Edge networks.
On 22nd June 2021, Bitmovin, announced that VuClip, one of the largest technology-driven media companies in the world that delivers on-demand entertainment to emerging markets, has achieved scalable, high-performance video encoding with Bitmovin on Google Cloud. The deployment is part of a new Bitmovin service offering, ‘Bitmovin Cloud Connect,’ that enables over-the-top (OTT) content providers such as VuClip to deploy the company’s cloud-agnostic encoding solution on all existing cloud platforms.
Media Coding Service Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Volume of Content in Music, Audio, and Video Form
- Need for the Compressing Media Files for Easy Transfer of Data
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Influencing Trends | - Increasing Usage of Media Coding Service for Video Format Content
- The popularity of Storing Large Media Files to the Cloud, Whether Private or Public
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Restraints | - Cybersecurity related Risks Associated with Media Coding Service
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Road Blocks / Challenges | - Complexities Involved in Some of the Coding Programmes used in Media Applications
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Gaps & Opportunities | - Growing Video Streaming Content Creating Opportunities for Media Coding Service Market
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Media Coding Service Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the medium utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Media Coding Service Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, SEC filings of Media Coding Service players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Media Coding Service Study Sheds Light on
The Media Coding Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Media Coding Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Media Coding Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.