H.265 offers massively improved compression over H.264. The newer codec can achieve nearly double the compression of its predecessor. With H.265, a video of the same apparent visual quality would take up only half as much space.

Using an h.265 HEVC encoder thus offers advantage for both video producers and video consumers who will certainly be wowed. 

This is great news for producers of video who want to maximise quality and minimise costs. Online commercial distribution of video will certainly be less expensive on the storage side and highly interesting in terms of video supply variety, especially for businesses offering video-on-demand services. 

The h.265 encoder will allow video makers to preserve amazing HD quality but the files will require less disk space and therefore, storage will be less costly. This also means that the new h.265 codec may very well improve streaming both in speed and in quality. 

H.265 HEVC encoding will come on the high-end side of the market and we may be looking at a fast-approaching revolution in the conception, production and commerce of entertainment products. And this is true both in terms of hardware and software.