Online Video Platforms Market

Global Online Video Platforms Market Size, Share, Growth Analysis, By Component(Solution and services), By Application(Commercial video platforms, video sharing), By End use(Content creator, brand and enterprises), By Type(video hosting, mobile videos) - Industry Forecast 2024-2031

Report ID: SQMIG50J2003 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 117 | Figures: 77

Global Online Video Platforms Market Insights

Online Video Platforms Market size was valued at USD 7.21 billion in 2019 and is poised to grow from USD 8.46 billion in 2023 to USD 30.05 billion by 2031, growing at a CAGR of 17.19% in the forecast period (2024-2031).

The global online video platforms market share is projected to grow at a positive CAGR between 2023 and 2030. Rising popularity of online video games and entertainment is expected to fuel the market adoption.
Online video platforms are free or paid platforms to publishers and content owners to manage, publish, and track the online video content on their channels. Besides, the growing adoption of smartphones, tablets, and other devices will create a conducive environment for the market to flourish. The online video platforms also provide users to host, stream live videos, and broadcast their videos.

Online video platforms provide a way for users to share and view videos without any additional effort. Additionally, these platforms offer a way for content creators to reach a larger audience with their content more easily. In addition, these platforms provide a way for brands to create engaging videos that promote their products and services. As the market continues to grow, online video platforms will continue to be a popular choice for users and content creators alike.

US Online Video Platforms Market is poised to grow at a sustainable CAGR for the next forecast year.

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Online Video Platforms Market size was valued at USD 7.21 billion in 2019 and is poised to grow from USD 8.46 billion in 2023 to USD 30.05 billion by 2031, growing at a CAGR of 17.19% in the forecast period (2024-2031).

Global online video platforms market is expected to remain highly competitive. The popularity of online videos and content creation among the viewers will create lucrative growth prospects for the market players. Key players in the global online video platforms are collaborating with social media influencers to expand their customer base and gain a competitive edge. However, most of the market players will have to change their pricing range in order to tap into price sensitive market if they want to aggressively expand their consumer base. Key players in the global market are collaborating with social media influencers to expand their customer base and gain a competitive edge. 'Brightcove Inc.', 'Kaltura Inc.', 'Ooyala Inc.', 'IBM Corporation', 'Akamai Technologies Inc.', 'Comcast Technology Solutions', 'Wistia Inc.', 'Vimeo LLC', 'MediaPlatform Inc.', 'Sonic Foundry Inc.', 'Vidizmo LLC', 'Haivision Inc.', 'Panopto Inc.', 'Vidyard Inc.', 'Qumu Corporation', 'JW Player Inc.', 'Limelight Networks Inc.', 'Dacast Inc.', 'Vplayed', 'Dailymotion SA'

Growing popularity of online video channels and penetration of OTT platforms to drive growth of the online video platforms market.

Increasing Popularity of Short Video Reels and Emergence of Hosting Platforms: The growing popularity of short videos and reels is encouraging the market players to launch and develop online video platforms with advanced features and gain a competitive edge.

In 2022, North America had the highest revenue share of 39.44%. The region's promising growth is projected to continue in the near future with the advent of 5G network technology, which will make online video platforms considerably faster and more agile. Furthermore, the Asia Pacific market is poised to expand at a robust pace during the forecast period. Expansion of the media and entertainment industry and growing penetration of OTT platforms will fuel the growth in the region.

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