The global video transcoding market size is valued at USD 1,600 million in 2021 and is poised to grow at a significant CAGR of 15.0% over 2022–2028. Video transcoding is the process of transferring a digital-to-digital or analog-to-analog media file from one format to another. When the target device does not accept the format or when storage capacity is limited, this is the standard...
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