According to a new market research report published by sheer analytics and insights, “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", as per the latest market research report titled, Global Online Video Platforms Market – Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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The increased practice of designing video-based marketing content which will help to increase the awareness of the brand among the users is attracting more enterprises towards the online video platform market. The increased popularity of online videos with viewership that will surpass the traditional video content platforms like cable and satellite television will help to accelerate the growth of the market during the forecasted period. But with the spread of novel coronavirus which led to lockdown in many countries and social distancing issued by the local governments has led to the shutdown of many industries. This has led to limited entertainment options for the individuals. This resulted in the spike of worldwide viewership of the online video platforms like Amazon Prime Video, YouTube, Netflix, Disney+ along with the consumption rate of online video content.
Geographically the Global Online Video Platforms Market is divided into global regions like North America, Europe, Asia Pacific, South America, Middle East, and Africa.
The primary key 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.
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The Global Online Video Platforms Market Has Been Segmented Into:
By Component Outlook
- Solution
- Services
By Type Outlook
- Video Processing
- Video Management
- Video Distribution
- Video Analytics
- Others
By Streaming Type Outlook
- Live Streaming
- Video on Demand
By End-use Outlook
- Media & Entertainment
- BFSI
- Retail
- Education
- IT and Telecom
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- Rest of North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- Brazil
- South Africa
- UAE
- Rest of LAMEA
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