Online Video Platform Market to grow by USD 1.1 billion from 2022 to 2027, Increase in streaming services boosts the market growth

NEW YORK, Nov. 6, 2023 /PRNewswire/ — The online video platform market by end-user (individuals, brand and enterprises, and content creators), type (UGC, DIY, and SaaS), and geography (APAC, North America, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2023-2027 report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the online video platform market between 2022 and 2027 is USD 1.1 billion. The increase in streaming services drives market growth. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

There is a significant growth of streaming services like Netflix, Amazon Prime Video, and Disney+ which offers customers the option to have more options for watching TV shows, movies, and original content. In addition, the advancements in technology have made it simpler and more affordable for businesses to deliver high-quality video content online. 

Market Challenge –

• The free open-source video platform is a significant challenge hindering market growth. There is a growing popularity for video content as more people around the world gain access to the Internet. In addition, online videos are becoming an important part of how brands are enhancing their online presence. Therefore, these free video platforms offer millions of videos on just about any subject.

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The online video platform market has been segmented by end-user (individuals, brand and enterprises, and content creators), type (UGC, DIY, and SaaS), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The market share growth by the individuals segment is significant during the forecast period. Several users consider social media to be a crucial platform because they can share content without having to be members of organizations In addition, individuals can use online video platforms to express their opinions on various products and advertisements.

Geo Segment – 

• APAC accounts for 39% of the market growth during the forecast period. The significant growth in market share held by the region is due to factors such as the expansion of Internet access and the acceptance of online videos in Southeast Asia. In addition, countries including China, Thailand, Indonesia, and Vietnam offer growth potential due to the increasing use of smartphones and the Internet.

View the Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the Online Video Platform Market:

Adobe Inc., Akamai Technologies Inc., Alphabet Inc., Bharti Airtel Ltd., Brightcove Inc., Comcast Corp., Dacast Inc., International Business Machines Corp., Kaltura Inc., MediaMelon Inc., MediaPlatform Inc., Panopto Inc., Piksel srl, Samba Mobile Multimidia SA, Telstra Ltd., Viacom18 Media Pvt. Ltd., Vimeo.com Inc., Viostream, Wistia Inc., and Youku Tudou Inc

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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