Published Date: 7-Jan-2021
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According to a new report Global Online Video Platforms Market, published by KBV research, The Global Online Video Platforms Market size is expected to reach $13.4 billion by 2026, rising at a market growth of 14.4% CAGR during the forecast period.
On the basis of the component, the solution segment held the highest market share in 2019. This is owing to the rising demand for subscription-based video content over OTT platforms, combined with a constant increase in demand for live streaming video platforms. The availability of low- and free-cost video hosting platforms and monetization features like running ads between videos, are expected to boost the development of the solution segment over the forecast period.
The video management segment held the second-largest revenue share of the market in 2019. The growing prominence of video management platforms can be credited to features like optimized search functionality, which facilitates video indexing while managing large video files. Nonetheless, the video analytics segment is anticipated to witness the largest CAGR during the forecast years.
Due to the increasing number of sports streaming events with personalized chat room features are appealing many subscribers. Due to this factor, live video streaming is becoming increasingly popular. There are large numbers of users who use live video game streaming platforms like Beam, Twitch, HitBox, and Azuhu, which are boosting the growth of the segment.
In 2019, North America held the highest market share. The lucrative growth of the region will continue its dominance in the next few years. This is credited to the advent of advanced 5G network technology, helping online video platform (OVP) to become more agile and much quicker. Furthermore, a rising number of U.S. enterprises are utilizing online video platforms to promote their products and services to enhance their brand value. However, Europe accounted for the second-highest revenue share in 2019.
Structural Insights: https://www.kbvresearch.com/online-video-platforms-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Google, Inc. (YouTube), Akamai Technologies, Inc., Brightcove, Inc., Comcast Corporation, Limelight Networks, Inc., Telstra Corporation Limited, RTL Group S.A. (SpotX, Inc.), Panopto, Inc., Kaltura, Inc. and MediaMelon, Inc.
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