Online Video Platform Market By Provider, End User, Market Size, Trends, Scope, Industry Growth, Bank Falter And Forecast 2023-2032|MediaMelon Inc., Akamai Technologies Inc., Kaltura Inc., Panopto, Brightcove Inc.

The Online Video Platform Global Market Report 2023 by The Business Research Company, provides online video platform market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Online Video Platform Global Market Report 2023, the global online video platform market size is expected to grow from $8.28 billion in 2022 to $9.97 billion in 2023 at a compound annual growth rate (CAGR) of 20.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global online video platform market size is expected to grow to $20.63 billion in 2027 at a CAGR of 19.9%.

The growing demand for smartphones is expected to propel the growth of the online video platform market going forward. A smartphone refers to a portable electronic gadget with cellular connectivity and a multi-functional mobile phone handset with features such as a camera, web browser, and high-density display. Smartphones can operate video streaming services such as live streaming capabilities, 24/7 support, adaptive bit-rate streaming, and other services, which act as an online video platform for video playback to provide entertainment.

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The online video platform market is segmented:

1) By Type: Video Processing, Video Management, Video Distribution, Video Analytics, Other Types

2) By Business Models: User Generated Content (UGC) Model, Software As A Service (SaaS) Model, Do It Yourself (DIY) Model

3) By Streaming Type: Live Streaming Type, Video On Demand

4) By Application: Content Creator, Brand And Enterprise

5) By End-User: Media And Entertainment, BFSI, Retail, Education, IT And Telecom, Other End-Users

Technological advancement is a key trend in the online video platform market. Major companies operating in the market are advancing toward video technology. For instance, in May 2020, Minute Media, a UK-based digital-first media company, launched Voltax Video, an online video platform designed to improve the online video strategies of digital publishers. Voltax Video offers a publishing-as-a-service (PaaS) solution for other digital publishers using video technology tools to increase engagement, content, audiences, and monetization. With Voltax Video, upfront costs are eliminated, and scaling is built into the model to provide sophisticated insights and reporting for both publishers and viewers to create a more efficient and effective video experience.

The online video platform market report table of contents includes: