Press release
Online Video Platform Market Expanding at a CAGR of 17.50% Reaching $915 Million by 2025
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Increase in use of the online video platform market in media and entertainment for online video advertising, surge in internet connectivity on mobile phones, and investment in creation of online videos owing to its tremendous popularity are anticipated to drive the global online video platform in media and entertainment market growth. In addition, rise in scope for live streaming of video content is expected to create lucrative opportunities for the growth of the market. However, availability of free and open-source online video platform in the media and entertainment market is anticipated to hamper its growth during the forecast period.
Based on type, the video content management segment dominated the online video platform market in media and entertainment in 2016. However, the live streaming segment is expected to witness the highest growth rate of 22.30%, owing to increase in demand for informative and interactive videos.
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The global online video platform market in media and entertainment was dominated by brands and enterprises in 2016 due to increase in investment in online video advertising by brands. However, the individual end user segment is expected to witness the highest growth rate during the forecast period owing to rise in popularity of user generated content (UGC).
Dominating Market Players Profiled in this Report:
•Ooyala, Inc.
•MediaMelon, INC.
•Akamai Technologies
•Kaltura Inc.
•Panopto
•Brightcove Inc.
•Frame.io, Inc.
•Limelight Networks Inc.
•YouTube
•Comcast Technology Solutions
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