Online Video Platform Market Increasing Internet Penetration

The global online video platform market is expected to be valued at US$ 6,500.6 million in 2022 and growing at a CAGR of 18.9% over the forecast period by 2028 due to increasing internet penetration across the globe. Online Video Platforms (OVP) are platforms used on a website to provide live and recorded content. Think of platforms like YouTube, Instagram and Periscope. These are online video platforms that allow you to stream video content and upload your own content that you have made. The OVP is responsible for hosting and being able to stream this for you on your behalf.

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Live Streaming Accounted for Higher Revenue Share in Global Online Video Platform Market:
Based on streaming type, global online video platform market is segmented into live streaming, video on demand. Live streaming is accounted for higher revenue. Technology for live streaming allows you to view, create and share videos in real time, a little like live TV. All you need to be able to live stream is a smartphone activated on the internet, such as a smart phone or tablet, and a live streaming network (such as a website or app). It can be private to certain live streams. Video conferencing, such as Skype or Zoom, for instance, uses live streaming technology to allow you to speak to people you have invited.

North America leads the Global Online Video Platform Market:
Based on regional analysis, global online video platform market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global online video platform market contributed the largest share in 2021. Indeed, network costs are expected to double with 5G, and North American operators are expected to start running out of capacity. Depending on the area (urban or rural), carriers will be able to meet the increased traffic needs by densifying their networks with macro-sites or small-cells. And while urban environments will bring the increased revenues, there is pressure on from a federal level to equally cater for rural connectivity needs.

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The global online video platform market is segmented on the basis of product type, streaming type, components, end user and region.
By Product Type
• Video Processing
• Video Management
• Video Distribution
• Video Analytics
• Others

By Streaming Type
• Live Streaming
• Video on Demand

By Components
• Solution
• Services

By End User
• Media & Entertainment
• BFSI
• Retail
• Education
• IT and Telecom
• Others

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Key player's profiles in the global online video platform market are: Akamai Technologies, Brightcove Inc., Comcast Cable Communications Management, LLC, Endavo Media., Frame.io, Inc., Kaltura, Inc., Limelight Networks, Longtail Ad Solutions, Inc. (JW PLAYER), MediaMelon Inc., Ooyala Inc. (Telstra), Panopto, SpotX, Inc., Wistia Inc. Inc.

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