Online Video Platform Market

Global Online Video Platform Market Size (2024 to 2032)

The global online video platform market is predicted to reach USD 11.60 billion in 2024 and USD 41.58 billion by 2032, growing at a CAGR of 17.30 % during the forecast period.

The increasing consumer demand across the globe is a factor that is expected to lead the Online Video Platform market during the forecast period. Typically, the Online Video Platform is used to manage and reach seamless delivery of video content to the favorite audience in a cost-effective manner, which facilitates video content owners and also publishers with different functions such as transcoding and converting different file formats, accessibility, sharing of content, ingesting, editing, content storage, security of content, monetization and metrics, usage and engagement analytics, content syndication, distribution.

MARKET DRIVERS

The rapid growth of the young population, improved advertising revenues coupled with increased usage of 3G and 4G, and the advent of 5G and portable devices are expected to play an essential role in the growth of the market of Online Video platforms across the globe.

Another factor is the rising popularity of online videos, with viewership steadily surpassing traditional video content platforms such as cable and satellite television, accelerating the growth of the Online Video Platform market during the forecast period. Global introduction and adoption of the 5G network in the upcoming years subsequently increase video content consumption on online platforms; the growing practice of designing video-based marketing content to increase brand awareness among users attracts more enterprises towards the online video platform market, super-fast internet browsing speed promised by the network are some of the factors promotes the growth of the revenue rate of Online Video Platform market during the forecast period.

MARKET RESTRAINTS

The high cost of innovation for Online Video platforms is one of the important barriers to market growth. The accessibility of free and open-source online video platforms and increasing data security threats are essential deterrents to the growth of the online video platform market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Online Video Platform Market Analysis By Component

The Online Video Platform Market is divided into solutions and services. Among these segments, the solution segment held the prominent share in terms of revenue and is predicted to remain at the forefront throughout the forecast period due to factors such as surging demand for subscription-based video content over OTT platforms. Furthermore, the availability of low and free-cost video hosting platforms and modernization features, such as running ads between the videos, promote the demand for this segment. However, the services segment is also expected to increase the market value due to increasing demand for qualified and managed services for video streaming platforms.

Global Online Video Platform Market Analysis By Type

The Online Video Platform Market is segmented into video processing, management, distribution, analytics, and other types. Among these segments, the video processing segment holds a significant share of the market, and this segment is expected to hold dominance during the forecast period as this segment provides features such as efficient IP conversion, encryption, and also streaming into a modular and visualized solution, high-density transcoding, adaptive bitrate packaging. Furthermore, these solutions give broadcasters a cost-efficient way to offer online video solutions on live streaming and video-on-demand platforms. The video management segment has the second largest market share due to the rising popularity of video management platforms such as optimized functionality.

Global Online Video Platform Market Analysis By Streaming Type

The Online Video Platform Market is divided into live streaming and video-on-demand. Of these segments, the video-on-demand segment holds the prominent share, and it is predicted to remain at the forefront in the upcoming years owing to the easy availability of videos over the cloud and the chance to optimize the revenue from ads by delivering more relevant ad copy according to user interest.

Global Online Video Platform Market Analysis By End User

The Online Video Platform Market is divided into media and entertainment, BFSI, retail, education, IT, and telecom. The media and entertainment segment held a prominent market share owing to factors such as a surge in internet connectivity on mobile phones and increasing investments worldwide to improve the OTT infrastructure.

REGIONAL ANALYSIS 

North American region holds a significant market share due to the introduction of advanced 5G network technology, making online video platforms much quicker and more agile. Furthermore, the increasing number of enterprises in the region, especially in the United States, promotes market demand. The North American region is expected to dominate during the forecast period. Asia Pacific region is also projected to grow in the market due to the rising scope of video on demand. Also, live streaming videos over online video platforms help the market's growth in the Asia Pacific region. Europe is following in leading the market's dominant shares owing to increasing government support.

KEY PARTICIPANTS IN THE GLOBAL ONLINE VIDEO PLATFORM MARKET

The major companies operating in the global Online Video Platform market include YouTube, Akamai Technologies, Kaltura Inc., Panopto, Brightcove Inc., Ooyala, Inc., MediaMelon, INC., Frame.io, Inc., Limelight Networks Inc., and Comcast Technology Solutions.

RECENT HAPPENINGS IN THE GLOBAL ONLINE VIDEO PLATFORM MARKET

• Your YouTube video watch page on mobile received a facelift in May 2020. This new design came days after Google announced that both Android and iOS applications would soon receive the update. Through this update, YouTube mob can now view and post comments by simply tapping the comment box underneath the channel bar.

DETAILED SEGMENTATION OF THE GLOBAL ONLINE VIDEO PLATFORM MARKET INCLUDED IN THIS REPORT

This research report on the global online video platform market has been segmented and sub-segmented based on the component, type, streaming type, end user, and region.

By Component

• Solutions

• Services

By Type

• Video Processing  

• Video Management             

• Video Distribution 

• Video Analytics   

By Streaming Type

• Live Streaming        

• Video On Demand Type     

By End User

• Media And Entertainment

• BFSI           

• Retail          

• Education

• IT and Telecom   

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus