Online Video Platform Market Destined to Reach US$ 1,808 Million (CAGR of 12.9%) During 2023-2028, IMARC Group

The latest report by IMARC Group, titled "Online Video Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global online video platform market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global online video platform market size reached US$ 901 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,808 Million by 2028, exhibiting a growth rate (CAGR) of 12.9% during 2023-2028.

An online video platform is a web-based platform that allows users to upload, share, and view videos online. These platforms have become increasingly popular as more people consume video content online. It is not limited to entertainment and is also used for education, marketing, and other purposes. It can be accessed from various devices, such as desktops, laptops, smartphones, and smart TVs. It has revolutionized the way people consume and share video content. It has created a new content creation and distribution era, providing opportunities for individuals and organizations to reach global audiences with their messages.

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Market Trends and Drivers:

The global market is majorly driven by the increasing demand for video content consumption. In line with this, the rising internet penetration and the availability of affordable smartphones and other mobile devices are significantly contributing to the market. Furthermore, the growth of the e-commerce industry is positively influencing the market. Apart from this, the key players are constantly innovating and improving their platforms to provide better user experiences and attract more users and advertisers.

Moreover, the growing popularity of online videos, with viewership steadily overtaking traditional video content platforms such as cable and satellite television, is creating a positive outlook for the market. Besides, the rapid penetration of advanced wireless telecom networks and easy internet access is shifting users toward online video platforms.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Dalet Digital Media Systems USA Inc.
• MediaMelon, INC.
• Akamai Technologies
• Kaltura Inc.
• Panopto
• Brightcove Inc.
• Frame.io, Inc.
• Limelight Networks Inc.
• YouTube
• Comcast Technology Solutions

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/online-video-platform-market

Key Market Segmentation:

Breakup by Model Type:

• UGC Model
• DIY Model
• SaaS Model

Breakup by Application:

• Media & Entertainment Industry
• Enterprises
• Others

Breakup by Product Type:

• Software
• Services

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

IMARC Group

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.