Online Video Platform Market

Global Online Video Platform Market Research Report: By Type (Video Content Management, Video Content Delivery Network, Video Analytics, Mobile Video, Live Streaming, and Others), By Component (Solution and Services), By Application (Video Sharing, Commercial Video Platforms, and Others), By End-User (Media & Entertainment, BFSI, Retail, Education, IT and telecom, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

ICT & Media | January 2024 | Report ID: EMR00458 | Pages: 301

The global online video platform market was valued at USD 8.89 billion in 2023 and is estimated to reach approximately USD 49.86 billion by 2032, at a CAGR of 21.1% from 2024 to 2032.

The market for online video platforms has grown rapidly, establishing itself as a vital component of digital communication and entertainment. These online venues allow people to publish, share, and watch videos, creating a vibrant community that benefits consumers, businesses, and content producers. The market, which is dominated by massive players in the industry like Dailymotion, Vimeo, and YouTube, has grown to include smaller platforms that target particular audiences and interests.

Global online video consumption has increased due to the widespread use of mobile devices and high-speed internet. This has spurred innovation in content development, live streaming, and interactive features. The industry keeps changing as marketers realize the potential reach and engagement on these platforms, giving both established firms and up-and-coming competitors the chance to influence the direction of online video in the future.

 

 

ONLINE VIDEO PLATFORM MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

8.89 Bn

Projected Market Value (2032)

49.86 Bn

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Component, By Application, By End-User, & Region

Segments Covered

By Type, By Component, By Application, By End-User, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Online Video Platform Market Dynamics

Innovation among platform providers is fueled by the rapid improvements in technology, such as the enhanced capability for streaming videos and the incorporation of augmented reality. The dynamics of the market are greatly impacted by consumer desires for live streaming, on-demand content, and interactive features. The popularity of platforms and user engagement are significantly influenced by content creators and influencers.

A competitive environment is created by monetization tactics such as virtual goods, advertising, and subscriptions that add to revenue streams. Platforms adjust their rules in response to market dynamics, which are also influenced by copyright issues, privacy concerns, and regulatory changes. Furthermore, new platforms leverage niche markets, while strategic alliances and mergers aid in market consolidation.

 

Global Online Video Platform Drivers

  • Technological Advancements

The overall quality of material distribution is improved by the advancement of video streaming technology, which include greater resolutions, quicker buffering times, and better compression techniques. Furthermore, cutting-edge technologies like the integration of augmented reality (AR) and virtual reality (VR) provide engaging and interactive viewing experiences. By satisfying users' growing expectations for seamless and engaging content, these developments not only draw in and keep users, but they also intensify industry competition, pushing platforms to invest in state-of-the-art technologies in order to stay ahead of the constantly shifting landscape of digital entertainment.

  • Monetization Strategies

Platforms can generate various revenue streams through a variety of revenue models, such as virtual goods transactions, subscription services, and advertising. Platforms can maximize revenue by adjusting to changing consumer preferences, such as those for premium content that requires membership and creative ad formats.

The effective execution of these tactics not only maintains platform functionality but also draws in content producers and guarantees the production of varied, high-caliber material. Platforms become more resilient financially and capable of long-term innovation in the ever-changing world of digital content as long as they keep improving and broadening their monetization strategies.

 

Restraints:

  • Bandwidth Limitations and Infrastructure Challenges

In areas with poor internet connectivity, insufficient bandwidth makes it difficult to stream videos smoothly, which limits the market's potential growth. The need for fast internet to function at its best makes it difficult to access material in places with inadequate connectivity. It can take a while and a lot of resources to improve the global internet infrastructure to address these limitations. The ensuing differences in technology lead to unequal access to online video content, which limits the market's capacity to connect with and cater to a variety of audiences worldwide.

  • Privacy Concerns

The growing consciousness among users regarding data security hazards presents obstacles for platforms when it comes to gathering and managing personal data. Stricter regulations are required due to increased privacy expectations, which affect user monitoring and targeted advertising capabilities. Globally enforced stricter requirements, such as GDPR and developing data protection laws, need compliance and complicate platform operations. Platforms must make investments in strong privacy policies, safe data procedures, and open user communication to allay these worries. These measures can limit the flexibility of data-driven monetization models and provide operational issues.

 

Opportunities:

  • Partnerships with Content Creators and Influencers

Collaborating with influential personalities boosts a platform's appeal, drawing loyal audiences and developing a lively community. These kinds of collaborations increase user engagement and retention in addition to drawing in a variety of material. Platforms stand out in a congested industry by offering access to well-known influencers and exclusive content. These partnerships can foster mutually beneficial connections by giving creators access to a wider audience and channels that enhance their unique selling proposition. Innovative, captivating, and marketable content can be produced by utilizing the influence and creativity of influencers and content creators.

  • Advanced Analytics and Personalization

Platforms are able to deliver highly personalized content by understanding user behavior, preferences, and trends through the use of data-driven insights. Customization improves user experience and boosts retention and engagement. By tailoring their content recommendations, advertising targeting, and interface design to individual user preferences, platforms can create a more engaging and fulfilling viewing experience.

Investing in advanced analytics not only improves user satisfaction but also places platforms competitively in the ever-changing digital entertainment ecosystem, resulting in continuous growth and customer loyalty. This is especially true as the need for individualized content experiences rises.

 

Segment Overview

  • By Type

Based on type, the global online video platform market is divided into video content management, video content delivery network, video analytics, mobile video, live streaming, and others. The video content management category dominates the market with the largest revenue share in 2023. Video content is organized, stored, and retrieved by VCM systems. For content creators and platform administrators, this includes services like content uploading, metadata management, and content classification, offering an organized environment. By effectively providing video material to end consumers, CDNs maximize its distribution. These networks make use of servers that are positioned strategically to lower latency and guarantee seamless video streaming, particularly during peak demand hours.

  • By Component

Based on the components, the global online video platform market is categorized into solutions and services. The solution category leads the global online video platform market with the largest revenue share in 2023. The software or technology elements that make up an online video platform's basic offers are referred to as solutions. They include a variety of functions and tools for organizing, distributing, and improving video content. The non-technological elements that sustain the operation and efficiency of the online video platform are referred to as services. These could include expert assistance with platform implementation, customization, and upkeep provided to clients.

  • By Application

Based on application, the global online video platform market is segmented into video sharing, commercial video platforms, and others. The video-sharing segment dominates the online video platform market. Platforms for sharing videos are made so that users can publish, share, and find user-generated content. These platforms often allow users to interact with and remark on videos as part of its social features. Vimeo, YouTube, and Dailymotion are a few examples. Platforms for commercial video are targeted at companies, associations, and independent content producers. These platforms provide with features like personalized branding, monetization choices, and comprehensive analytics.

  • By End-User

Based on end-users, the global online video platform market is divided into media & entertainment, BFSI, retail, education, IT and telecom, and others. The media & entertainment category dominates the market with the largest revenue share in 2023. In the media and entertainment industry, online video platforms are essential because they give streaming services, content producers, and broadcasting businesses a way to distribute their content. These platforms provide a means of reaching a worldwide audience via films, TV series, music videos, and live events. Online video platforms are used by the BFSI industry for client engagement, training, and communication. Video material can be used to improve customer service, internal training sessions, marketing, financial education, and customer support—all of which can strengthen client connections and communication.

 

Global Online Video Platform Overview by Region

The global online video platform market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. North America emerged as the leading region, capturing the largest market share in 2023. The region's sophisticated digital infrastructure, high internet penetration rates, and tech-savvy populace are responsible for its leadership position. Major industry participants' presence and significant technological investments helped internet video platforms become widely used. In addition, North America's booming media and entertainment sector and the rising demand for digital content across a wide range of industries thrust the region to the forefront and highlighted its importance as a major player in the global online video platform scene.

Throughout the forecast period, Asia-Pacific is anticipated to post a significant CAGR. This increase can be ascribed to the region's developing digital infrastructure, rising internet connectivity, and a burgeoning number of digital consumers. The demand for online video content is rising, and this trend is fueled by the rising percentage of smartphones. Asia-Pacific's predicted high CAGR highlights the region's critical role in propelling worldwide expansion and innovation within the online video platform ecosystem, as firms and content providers increasingly target the diversified and enormous Asia-Pacific market.

 

 

Global Online Video Platform Competitive Landscape

In the global online video platform market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global online video platform market include,

  • Akamai Technologies
  • Brightcove Inc.
  • Comcast Cable Communications Management, LLC
  • Endavo Media.
  • Frame.io, Inc.
  • Kaltura, Inc.
  • Limelight Networks
  • Longtail Ad Solutions, Inc.
  • MediaMelon Inc.
  • Ooyala Inc.
  • Panopto
  • SpotX, Inc.
  • Wistia Inc. Inc., and various others.

 

Global Online Video Platform Recent Developments

  • In April 2023, Play Media, a platform for media accessibility, and Brightcove Inc. teamed. Customers may now request and use accessibility services like audio description, video localization, closed captioning, and live captioning right from their current video production workflow thanks to this relationship.
  • In February 2023, Brightcove Communications Studio was unveiled by streaming technology provider Brightcove Inc. Aside from immersive streaming and safe viewing, the studio offers live and on-demand content, an intuitive interface for managing and releasing videos, support for multiple languages, and interactive elements.

 

Scope of the Global Online Video Platform Market Report

Online Video Platform Market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Video Content Management
  • Video Content Delivery Network
  • Video Analytics
  • Mobile Video
  • Live Streaming
  • Others

By Component

  • Solution
  • Services

 

By Application

  • Video Sharing
  • Commercial Video Platforms
  • Others

By End-User

  • Media & Entertainment
  • BFSI
  • Retail
  • Education
  • IT and telecom
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Online Video Platform Market Size and Forecast: To identify and estimate the market size for the global online video platform market segmented by type, by component, by application, by end-user, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of online video platform between 2019 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global online video platform market
  • Market Influencing Factors: To find out the factors which are affecting the sales of online video platform among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global online video platform market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Industry Professionals
  • Technology Providers
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

On the basis of Geography, The online video platform market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
According to online video platform market research, the market is expected to grow at a CAGR of ~21.1% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2024 - 2032.
North America held the largest share in 2023.
The major players operating in the global online video platform 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, and various others.