ONLINE VIDEO PLATFORMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global Online Video Platforms Market is estimated to be valued at USD 10.11 Billion in 2024 and is expected to reach USD 38.45 Billion by 2031, growing at a compound annual growth rate (CAGR) of 21% from 2024 to 2031.
The online video platform market has seen significant growth in recent years driven by the rising popularity of online streaming services globally. The proliferation of smartphones and cheaper internet connectivity have enabled consumers to consume an increasing amount of video content anytime, anywhere. Video platforms allow content creators and media companies to host, manage and monetize video content effectively for their audiences. With video now accounting for over 80% of all consumer internet traffic, major players are investing heavily in developing AI and analytics capabilities to better engage users and generate more revenue through personalization and targeted advertising on their platforms. Going forward, as 5G networks commence commercial rollouts, online video is expected to dominate overall internet usage with ultra-high definition and virtual reality streaming gaining mainstream adoption.
Market Dynamics:
The global online video platforms market is driven by factors such as growth of internet video consumption, proliferation of connected devices, and rising investments by major players in personalization technology. However, high costs associated with development of advanced video capabilities and concerns around data privacy and security act as restraints. Emergence of technologies such as artificial intelligence, machine learning and augmented reality present lucrative opportunities for market players to develop immersive experiences and monetization strategies. Geographical expansion into emerging markets also provides growth prospects. Stiff competition exists between dominant incumbent players for market share while new entrants focus on niche segments and differentiated offerings. Overall, the market is expected to flourish over the next decade on account of digital transformation and evolution of video business models.
Key features of the study:
- This report provides in-depth analysis of the global online video platforms market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players like Brighthove Inc., Endavo media, Frame.io, Inc., Akamai Technologies, Limelight Networks, Media Melon Inc., Wistia Inc., SpotX, Inc., Panopto, Kaltura Inc, Comcast Cable Communications Management, LLC, Longtail Ad Solutions, Inc., Ooyala Inc.
- It profiles key players in the global online video platforms market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global online video platforms market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global online video platforms market.
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Online Video Platforms Market' - Global forecast to 2031
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