A new survey by media processing and delivery technology company Appear has found that many within the broadcast industry believe the new ultra low-latency codec JPEG XS will overtake JPEG 2000 this year.
At the start of 2022 the company conducted a survey of “players” from across the industry to understand more about the technology areas and developments that would impact the broadcast industry this year.
Appear’s 360 report found that 55 per cent of those surveyed believe JEPG XS will have a “moderate impact” in 2022, with a further 65 per cent stating they believe JPEG XS will begin to replace JPEG 2000.
Additionally, 90 per cent of respondents said they believe improvements in video processing technology to deliver more high-quality video with less impact will have a “moderate to high” impact this year.
This development is driving growth in the cloud production market, adds the report, predicting it will grow from $601.9 million in 2020 to $2.48 billion by 2026.
The survey also looked at the impact 5G is expected to have in terms of contribution during 2022. More people stated they think it will have a low impact this year, 45 per cent of respondents said the technology will have a moderate impact, and 55 per cent said it would be low.