Video compression 2020 with live decoding
Compressed video data are growing at a faster rate than ever before. Already today, video data make up by far the highest percentage of bits on the Internet and in mobile traffic. This demonstrates the need for even more efficient compression, which goes beyond the current state of the art High Efficiency Video Coding standard (HEVC). In order to master this demanding challenge, the ITU-T Video Coding Expert Group (VCEG) and the ISO/IEC Moving Pictures Expert Group (MPEG) have already started working together in the Joint Video Experts Team (JVET). In April 2018, Fraunhofer HHI and other leading technology companies successfully proposed cutting edge coding technology with compression capability beyond HEVC. This marked the starting point of the Versatile Video Coding (VVC) standardization activity. The VVC standard is expected to provide 50% bit rate reduction over HEVC when finalized by 2020.