Dublin, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The "Global Video Processing Platform Market with COVID-19 Impact Analysis by Component, Application (Video Upload & Ingestion, Dynamic Ad Insertion, Video Transcoding & Processing), Content Type, End-user, Vertical, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's providing.
The International Video Processing Platform (VPP) Market is predicted to develop at a Compound Annual Development Price (CAGR) of 16.5% through the forecast interval, to succeed in USD 11.4 billion by 2026 from USD 5.3 billion in 2021.
In recent times the digital media consumption has elevated considerably throughout the globe. The rise within the variety of units able to supporting digital media, together with the rising entry to excessive web velocity, supplies customers with an choice to entry the media content material of their alternative, be it info, leisure, or social exercise, anytime and wherever. Amongst all of the digital units used, cell units have taken over as the popular medium of consuming on-line media. The smartphone market has witnessed unprecedented progress within the final 5 years. The usage of smartphones is rising throughout the globe. In line with Statista, 6.3 billion individuals on the planet owned a smartphone until 2021.
The web video development is exploding the quantity of web visitors generated at a excessive fee. With improved networks, higher entry to the web, multimedia service-capable cell units, and an utility improvement ecosystem, media consumption through digital platforms is rising. Because the variety of web customers has been rising previously few years,» Read more from www.globenewswire.com