Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Short Video Platforms Market size is expected to reach $2.7 billion by 2029, rising at a market growth of 9.7% CAGR during the forecast period.
The Education segment is showcasing a CAGR of 10% during (2023 - 2029). This results from people investing in their education in the information age to stay up with the rapidly evolving digital environment. Free skill learning platforms enter the educational system as the popularity of digital videos distributed through short video learning apps rises. The educational segment is expanding due to the popularity of short video-based learning, a wonderful approach to enhancing cognitive abilities, including memory, coordination, and problem-solving.
The iOS segment acquired maximum revenue share in the Global Short Video Platforms Market by Platforms in 2022 thereby, achieving a market value of $1.2 billion by 2029. One of the main factors propelling the growth of this market is the increased adoption of smartphones on a global scale. Although the short video app puts user data in danger, iOS is built so that no one may access it without the user's consent. Also, the memory of the iPhone is encrypted, making it difficult to hijack the device and read private data.
The Live Video segment has shown the growth rate of 10.9% during (2023 - 2029). On social media platforms like Facebook and Instagram, live video lets advertisers and users post unedited, in-the-moment footage. Brands may connect with millions of people worldwide through live video and engage with them. The rising use of live videos can be attributed to their capacity to combine a variety of material and multimedia, including text, images, and audio, as well as their accessibility to many presentational modalities.
The Application-based segment is leading the Global Short Video Platforms Market by Application in 20226 thereby, achieving a market value of $2 billion by 2029. The application-based category includes Tiktok, Vimeo, Beat.ly, Beat.ly Reel, and Instagram Reel. The development of 4G/5G mobile networks and the accessibility of wireless broadband technology are anticipated to fuel the segment's expansion. Over the projection period, demand is expected to rise for the application-based segment due to several advantages, including the capacity to record and watch videos at any time.
The North America market dominated the Global Short Video Platforms Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $946.1 Million by 2029. The Europe market is experiencing a CAGR of 9.5% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 10.7% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/short-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 Meta Platforms, Inc., Vimeo.com, Inc., Tencent Holdings Ltd., Snow Co., Ltd. (Naver Corporation), Yixia Technology (Miaopai), Beijing Weiran Network Technology Co., Ltd. (Pear Video), Kuaishou Technology, Shenzhen Big Head Brothers Technology Co., Ltd. (Doupai), Snap, Inc. (SnapChat) and ByteDance Ltd.
Unique Offerings from KBV Research
North America Short Video Platforms Market size & Opportunities 2023-2029
Europe Short Video Platforms Market & Growth Forecast 2023-2029
Asia Pacific Short Video Platforms Market Share & Industry Outlook to 2029
LAMEA Short Video Platforms Market Growth, Trends & Forecasts 2023-2029