New Report Highlights Impact of HEVC Codec on Streaming Industry
06 Dezembro 2023 - 6:30AM
HEVC is a codec of choice in the streaming industry, according to a
new report commissioned by InterDigital, Inc. (Nasdaq: IDCC), a
mobile and video technology research and development company, and
written by market research firm Futuresource.
The report, Spotlight on HEVC: The Codec of Choice for the Video
Streaming Industry, looks at HEVC’s development, how it enables
higher quality video for subscribers, examines HEVC’s increased
usage among the streaming giants, and looks at what’s next for
codecs in the rapidly evolving delivery of video content. The lower
storage requirements and gains in bandwidth efficiency mean that
HEVC is closely associated with the delivery of HD and UHD/4K
streaming video.
According to the report, Amazon Prime, Apple TV+, Netflix, Hulu,
Disney, NBC, Paramount and Warner Bros. all utilize HEVC for
content delivery. With 2023 likely to see a notable transition
point when the number of UHD streaming subscriptions overtakes
standard HD, consumer demand is leading the market to adopt more
advanced codecs to support higher quality content. And, with the
addressable market for HEVC-supported devices expected to expand to
ten billion by 2030, usage of HEVC is poised for significant
growth.
“The greater efficiency of HEVC, compared with its predecessor
AVC, means that it offers multiple benefits across the video
ecosystem,” said Rajesh Pankaj, CTO, InterDigital. “HEVC offers
enhanced quality for consumers while not increasing data and
bandwidth requirements, helping to speed up the transfer of video
and optimizing cloud storage costs for streaming service
providers.”
“HEVC’s support of higher quality video, particularly 4K, means
that it is an excellent choice for the streaming video industry to
satisfy consumers’ demand for more content,” commented Lionel
Oisel, VP and Head of Video Labs, InterDigital.
Read the report, Spotlight on HEVC: The Codec of Choice for the
Video Streaming Industry, here.
About InterDigital ®
InterDigital develops mobile and video technologies that are at
the core of devices, networks, and services worldwide. We solve
many of the industry’s most critical and complex technical
challenges, inventing solutions for more efficient broadband
networks, better video delivery, and richer multimedia experiences
years ahead of market deployment. InterDigital has licenses and
strategic relationships with many of the world’s leading technology
companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
Forward-Looking Statements
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the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements include information regarding our
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forward-looking statements. Forward-looking statements are made on
the basis of management’s current views and assumptions and are not
guarantees of future performance. Forward-looking statements are
inherently subject to risks and uncertainties that could cause
actual results, and actual events that occur, to differ materially
from results contemplated by the forward-looking statements. These
risks and uncertainties include, but are not limited to, those
described in our filings with the SEC.
InterDigital Contact:Richard LloydEmail:
richard.lloyd@interdigital.com+1 (202) 349-1716
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