Online Video Platform Market Market Size, Share– Latest Growth, Development Trends & Forecast
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The video streaming market has increased significant traction in business premises with a shift in development toward enterprise mobility with various applications such as Facebook, YouTube, Twitter, and Instagram, being leveraged on the strength of portable communication devices The global online video platform market has been segregated on the basis of type, end user, and geography. On the basis type, the market has been fragmented into UGC model, DIY model, and SaaS model. Increasing usage of mobiles and tablets owing to the increasing trend of digitalization is the major factor anticipated to increase the demand for online video platforms at an exponential rate during the forecast period. The SaaS model segment is expected to expand at a high CAGR during the forecast period from 2017- 2025. Based on end user, this product market has been segmented into individuals, content creators, and brands and enterprises.
Growing number of enterprises and brands are making use of online video platforms to create awareness among the maximum number of spectators to generate revenue and market their products. Thus, online video platforms are gradually being utilized by end use industries such as healthcare and education to cater to an extensive range of customers. The use of Internet to transfer rich content, the enormous volume sales of smartphones and tablets, rising demand for high-value data, and online advertising among others is predicted to drive the acceptance of online video platforms across the globe. On the flip side, to survive in the global competition and gain and retain product market shares, various vendors have to separate their service and product offerings through a unique and clear value proposition.
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Geographically, the global online video platform market has been segregated into North America, Asia Pacific (APAC), Middle East & Africa (MEA), Europe, and Latin America. In the year 2016, North America held the dominant market share in terms of revenue. Asia Pacific is the most attractive and fastest growing market for consumer electronics, and online service companies are continuously expanding their business in this region. Furthermore, Asia Pacific comprises major emerging markets in telecommunication and information technology. China, India, Japan, South Korea, and Taiwan among others are the major contributors to the market in this region. This market research report classifies the increase in usage of social media networks to be one of the foremost factors that will have an encouraging impact on the development of the online video platform market in the coming years.
This report explores the major international industry players in detail. The key players operational in the online video platform market includes Brightcove (the U.S), Kaltura (the U.S), Ooyala (the U.S), Comcast Technology Solutions (the U.K), YouTube (the U.S), Endavo (the U.S), MediaCore (Canada), Pixability (the U.S), SpotXchange (the U.S) and VideoBloom (the U.S) among others
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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