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Online Video Platform Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2032
Online Video Platform Market Analysis
The Business Research Company's Online Video Platform Global Market Report 2023 identifies growing demand for smartphones as the major driver for the online video platform market's growth in the forecast period. 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.
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%.
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Major competitors in the online video platform market are MediaMelon Inc., Akamai Technologies Inc., Kaltura Inc., Panopto, Brightcove Inc., Comcast Technology Solutions, Endavo Media & Communications Inc.
A key trend in the online video platform market includes technological advancement. 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.
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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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the online video platform market.
The Business Research Company's "Global Online Video Platform Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Online Video Platform Market Include:
1. Executive Summary
2. Online Video Platform Market Characteristics
3. Online Video Platform Market Trends And Strategies
4. Online Video Platform Market - Macro Economic Scenario
5. Online Video Platform Market Size And Growth
……….
26. Africa Online Video Platform Market
27. Online Video Platform Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online Video Platform Market
29. Online Video Platform Market Future Outlook and Potential Analysis
30. Appendix
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