Abstract-One of the fundamental challenges in deploying multimedia systems, such as telemedicine, education, space endeavors, marketing, crisis management, transportation, and military, is to deliver smooth and uninterruptible flow of audio-visual information, anytime and anywhere. A multimedia system may consist of various devices (PCs, laptops, PDAs, smart phones, etc.) interconnected via heterogeneous wireline and wireless networks. In such systems, multimedia content originally authored and compressed with a certain format may need bit rate adjustment and format conversion in order to allow access by receiving devices with diverse capabilities (display, memory, processing, decoder). Thus, a transcoding mechanism is required to make the content adaptive to the capabilities of diverse networks and client devices. A video transcoder can perform several additional functions. For example, if the bandwidth required for a particular video is fluctuating due to congestion or other causes, a transcoder can provide fine and dynamic adjustments in the bit rate of the video bitstream in the compressed domain without imposing additional functional requirements in the decoder. In addition, a video transcoder can change the coding parameters of the compressed video, adjust spatial and temporal resolution, and modify the video content and/or the coding standard used. This paper provides an overview of several video transcoding techniques and some of the related research issues. We introduce some of the basic concepts of video transcoding, and then review and contrast various approaches while highlighting critical research issues. We propose solutions to some of these research issues, and identify possible research directions.Index Terms-Frequency domain, heterogeneous video systems, H.26X, MPEG-X, motion vector refinement, spatial domain, video transcoding.