What is the Global market size of the Online Video Platforms Market?

Global Online Video Platforms Market size was valued at USD 7.21 billion in 2021 and is poised to grow from USD 8.46 billion in 2022 to USD 30.05 billion by 2030, growing at a CAGR of 17.19% in the forecast period (2023-2030).

What is the key driver of the Global Online Video Platforms Market?

Growing popularity of online video channels and penetration of OTT platforms to drive growth of the online video platforms market.Video streaming services have become more affordable over the past few years, which has led to increased usage.

Online Video Platforms Market Size, Share, Growth Analysis, By Component(Solution and services), By Application(Commercial video platforms, video sharing, and others), By End use(Content creator, brand and enterprises, and individual), By Type(video hosting, mobile videos, live streaming, video analytics), By Region - Industry Forecast 2025-2032

Q: Who are the key vendors in the Global Online Video Platforms Market?

Global online video platforms market is expected to remain highly competitive. The popularity of online videos and content creation among the viewers will create lucrative growth prospects for the market players. Key players in the global online video platforms are collaborating with social media influencers to expand their customer base and gain a competitive edge. However, most of the market players will have to change their pricing range in order to tap into price sensitive market if they want to aggressively expand their consumer base. Key players in the global market are collaborating with social media influencers to expand their customer base and gain a competitive edge. 'Brightcove Inc.', 'Kaltura Inc.', 'Ooyala Inc.', 'IBM Corporation', 'Akamai Technologies Inc.', 'Comcast Technology Solutions', 'Wistia Inc.', 'Vimeo LLC', 'MediaPlatform Inc.', 'Sonic Foundry Inc.', 'Vidizmo LLC', 'Haivision Inc.', 'Panopto Inc.', 'Vidyard Inc.', 'Qumu Corporation', 'JW Player Inc.', 'Limelight Networks Inc.', 'Dacast Inc.', 'Vplayed', 'Dailymotion SA'

Report ID: SQMIG50J2003 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 117 | Figures: 77

Online Video Platforms Market News

In February 2022, Veed, an online video editing platform, partnered with Sequoia with a fund of US$ 35 million to expand its customer base.

Emergence of customer focused platforms in the B2C segment are popular for video hosting and sharing. Increase in trend of Tiktok, Youtube, and Facebook are projected to grab huge market share.

Online Video Platforms Market Report Snapshots

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Online Video Platforms Market size was valued at USD 7.21 billion in 2019 and is poised to grow from USD 8.46 billion in 2023 to USD 30.05 billion by 2031, growing at a CAGR of 17.19% in the forecast period (2024-2031).

online video platforms market is expected to remain highly competitive. The popularity of online videos and content creation among the viewers will create lucrative growth prospects for the market players. Key players in the online video platforms are collaborating with social media influencers to expand their customer base and gain a competitive edge. However, most of the market players will have to change their pricing range in order to tap into price sensitive market if they want to aggressively expand their consumer base. Key players in the market are collaborating with social media influencers to expand their customer base and gain a competitive edge. 'Brightcove Inc.', 'Kaltura Inc.', 'Ooyala Inc.', 'IBM Corporation', 'Akamai Technologies Inc.', 'Comcast Technology Solutions', 'Wistia Inc.', 'Vimeo LLC', 'MediaPlatform Inc.', 'Sonic Foundry Inc.', 'Vidizmo LLC', 'Haivision Inc.', 'Panopto Inc.', 'Vidyard Inc.', 'Qumu Corporation', 'JW Player Inc.', 'Limelight Networks Inc.', 'Dacast Inc.', 'Vplayed', 'Dailymotion SA'

Growing popularity of online video channels and penetration of OTT platforms to drive growth of the online video platforms market.

Increasing Popularity of Short Video Reels and Emergence of Hosting Platforms: The growing popularity of short videos and reels is encouraging the market players to launch and develop online video platforms with advanced features and gain a competitive edge.

In 2022, North America had the highest revenue share of 39.44%. The region's promising growth is projected to continue in the near future with the advent of 5G network technology, which will make online video platforms considerably faster and more agile. Furthermore, the Asia Pacific market is poised to expand at a robust pace during the forecast period. Expansion of the media and entertainment industry and growing penetration of OTT platforms will fuel the growth in the region.

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What is the market size of Online Video Platforms Market?

Who are the key vendors in the Online Video Platforms Market?

What is the key driver of Online Video Platforms Market?

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