The Global Online Video Platforms Market was valued at $21.1 billion in 2020. Growing at a high CAGR of more than 11.1% between 2021 and 2031, it is estimated to reach $78.1 billion by 2031. This market is primarily driven by the increased penetration of the advanced wireless telecom networks and easy access of the internet in the developing regions is the shifting mass users towards the online video platforms. Like the high penetration of 4G networks across all the globe is making seamless access to high-quality online content possible for many users. Introduction and adoption of the 5G network in the next few years are expected to increase the growth of the market during the forecasted period.
Global Online Video Platforms Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
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The Global Online Video Platforms Market has been segmented into Component - Solution, Services. On the basis of type, it is segmented into Video Processing, Video Management, Video Distribution, Video Analytics, Others. On the basis of streaming type, it is segmented into Live Streaming, Video on Demand. On the basis of end-use, it is segmented into Media & Entertainment, BFSI, Retail, Education, IT and Telecom, Others. On the basis of geography, it is divided into South America, Europe, Asia Pacific, Middle East, and Africa, North America.
By Region, North America Is Holding The Major Market Share
The Global Online Video Platforms Market has been geographically segmented into North America, South America, Asia Pacific, Middle East, and Africa. In addition to this, the Global Online Video Platforms Market is holding the largest market share currently and is estimated to witness the highest compound annual growth in the upcoming forecasted period. An increase number of U.S. enterprises are using online video platforms to promote their products and services in such a way that it will help to improve the identity of the brand. Besides this Asia Pacific is also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global Online Video Platforms Market
Some of the major players in the Global Online Video Platforms Market include 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. and Others.
Scope of the Report:
Report Coverage |
Details |
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Base Year: |
2020 |
Market Size in 2020: |
US$ 21.1 Billion |
Historical Data for: |
2018 to 2020 |
Forecast Period: |
2021 to 2031 |
Forecast Period 2021 to 2031 CAGR: |
11.1% |
2031 Value Projection: |
US$ 78.1 Billion |
Segments covered: |
By Component – Solution, Services. By Type - Video Processing, Video Management, Video Distribution, Video Analytics, Others. By Streaming Type - Live Streaming, Video on Demand. By End-Use - Media & Entertainment, BFSI, Retail, Education, IT and Telecom, Others. |
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Geographies covered: |
North America: U.S., Canada, Mexico Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Africa: South Africa, North Africa, and Africa Middle East: GCC, Israel, and Rest of Middle East Latin America: Brazil, Argentina, Rest of Latin America |
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Companies covered: |
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. and among others. |
The Global Online Video Platforms Market Has Been Segmented Into:
Global Online Video Platforms Market, By Component Outlook
Global Online Video Platforms Market, By Type Outlook
Global Online Video Platforms Market, By Streaming Type Outlook
Global Online Video Platforms Market, By End-use Outlook
Global Online Video Platforms Market, By Geography
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