About Video Converter
The video converter allows one to convert the videos from any format to another format for an easy device or platform supportability. The format in which it is converted into is called a storage format that defies the output structure of the video. It can be used for the personal purpose of education or content creation as well as for commercial purposes like in studios or media industry.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Freemake (Ellora Assets Corporation) (United States), Movavi (Russia), ACD Systems (Canada), Clipchamp Pty Ltd (Australia), Macroplant LLC (United States), Aimersoft (Hong Kong), Zamzar Ltd (United Kingdom), DivX, LLC. (United States), MiniTool Software Limited (Canada), Gihosoft (Hong Kong) and Wondershare (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Video Converter market by , Application (Personal Use and Commercial Use) and Region.
On the basis of geography, the market of Video Converter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pricing Option, the sub-segment i.e. Free will boost the Video Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Desktop will boost the Video Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Video Format, the sub-segment i.e. WMV will boost the Video Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-cloud will boost the Video Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Android will boost the Video Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Video Converter in the Education Industry as the Education is Becoming Digital
Market Growth Drivers:
Growing Media and Entertainment Industry and Demand for Optimizing the Video for Online Platform Allowing it to Watch Video in Any Format
Challenges:
Troubleshooting Related Issues with Video Converter
Restraints:
Risk of Potential Unwanted Programs and Virus Involved in the Video Converter Especially in Online Video Converting Sites
Opportunities:
Surging Demand for Video Converter with the Increasing Number of Digital Content Creators Across the World
Market Leaders and their expansionary development strategies
On 7th July 2020, MiniTool Software Limited released a free video converter - MiniTool Video Converter 2.0 in July 2020 to meet the users' needs of converting video or audio files quickly and safely. MiniTool Video Converter has a clean, simple, and intuitive user interface and the built-in tool: Video Convert. Video Convert provides various format support, fast conversion speed, and optional output quality, allowing users to quickly convert video and audio formats to adapt to different devices.
On 10th March 2020, Wondershare UniConverter Launched Major Update for Online Education. It converts videos to 1000 formats at 30X faster speed without quality loss, Uniconverter has been described by many as “the best Video Converter”.
Key Target Audience
Video Converter Platform and Tools Developers, Video Converter Industry Associations, Media and Entertainment Industry, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.