The Video Transcoding market is estimated to be valued at US$ 1,600 Mn in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Video transcoding is the process of converting videos from one format or encoding to another. It is used to optimize videos to stream efficiently across various devices along with improving the video quality and metadata tagging. Video transcoding is widely used by media companies, broadcasters, content distributors and online video platforms to prepare and deliver video content compatible with multiple platforms and devices.
