Video Processing Platform Market Size, Share, Analysis and Forecast 2030

Technologytrends26 Jul, 2023Technology

The global video processing platform market is expected to grow at a CAGR of 17.2% during the forecast period of 2022-2030. The growth of the market is attributed to the increasing demand for high-quality videos and the growing need for transcoding to deliver videos to maximum end users. However, the high content creation cost and the threat of content piracy are hindering the market growth.