The insights from this study can be applied to optimize transcoding workflows in cloud-based video streaming platforms by helping platform operators make informed decisions about the choice of codecs and presets. For example, the study highlights that SVT-AV1 outperforms other codecs in terms of bitrate-quality trade-off, making it a favorable choice for high-quality video streaming. By selecting the appropriate codec and preset based on the specific use case scenarios outlined in the study (High-Quality Agnostic-Complexity, High-Quality Low-Complexity, Agnostic-Quality Low-Complexity), platform operators can optimize their transcoding workflows to achieve the desired balance between bitrate savings, video quality, and computational complexity. Additionally, the study emphasizes the importance of single-pass encoding and its competitiveness with multi-pass encoding, providing insights into the efficiency of different encoding modes in achieving quality results at reasonable computational costs. By implementing the recommended codec/preset combinations for different scenarios, cloud-based video streaming platforms can enhance their transcoding efficiency and overall performance.