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Global Online Video Platform Market to Grow at a CAGR of 13.25% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Online Video Platform Market Report and Forecast 2021-2026’, the global online video platform market size was around USD 708.8 million in 2020. The industry is further expected to grow at a CAGR of 13.25% over the forecast period of 2021-2026 to attain a value of USD 1,495.4 million by 2026.

The global online video platform market is being driven by the rising demand for secure and smooth online video streaming services. The rapid technological advancements and growing consumer inclination towards advances gadgets and applications are also supporting the industry growth. Such platforms are increasingly being adopted by media companies and enterprises around the world owing to their convenience, advanced features, and cost-effective nature. The enterprise segment is the leading application sector in the market. Region-wise, North America leads the industry and is likely to continue its dominance over the forecast period. On the other hand, the Asia Pacific is expected to be the fastest-growing regional market owing to increased penetration of the internet and smartphones in the region. Some of the major players in the industry include Akamai Technologies, Inc. (NASDAQ: AKAM) and Brightcove Inc (NASDAQ: BCOV).

The growing demand for quality live streaming services and secure video communications from various organisations, owing to their increased adoption for business meetings, is aiding the growth of the online video platform industry globally. In April 2021, Brightcove, the leading cloud services provider for video, introduced Brightcove ContinuumTM, a new business continuity suite that will support business communication functions with live and on-demand solutions across the enterprise. This robust technology suite offers secure internal communications and quality live streaming, enabling organisations to stay connected with employees and customers. Moreover, the growing mergers and acquisitions by the industry's leading players is expected to enhance the market growth further. In February 2021, Akamai announced that it had closed an asset purchase transaction with Palo Alto, California-based Instart, in a bid to acquire customer contracts and intellectual property (IP). The new customers will be rapidly migrated to the Akamai Intelligent Edge platform as the company intends to migrate the acquired high-value customers to its platform with minimal cost for company and disruption to consumers. Such developments are expected to aid the growth of the online video platform market globally over the forecast period.

Market Breakup by Model Type, Product Type, Application, and Regions:

  • Based on model, the global online video platform industry can be divided into UGC model, DIY model, and SaaS model.
  • On the basis of product type, the industry has been bifurcated into software and services. 
  • The online video platform market, on the basis of its application segments, is divided into media and entertainment industry, enterprises, and others. 
  • Region-wise, the global online video platform market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global online video platform market is being driven by the rapid advancement in technology and increased penetration of the internet.
  • The increase in the number of smartphone users, coupled with the rise in the sales of laptops, tablets, personal computers (PCs), and smart TVs, is significantly contributing to the industry growth.
  • Rising disposable incomes and rapid urbanisation, particularly in the emerging economies, are providing further impetus to the industry for its growth.
  • Increased adoption of cloud-based online video technology, coupled with the increased trend of video marketing, is providing a further boost to the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global online video platform market for the periods (2016-2020) and (2021-2026).
  • The report offers historical (2016-2020) and forecast (2021-2026) market information for the model types, product types, applications, and regional markets of online video platform.
  • The report also gives the historical (2016-2020) and forecast (2021-2026) price trends of online video platform.
  • It also provides an assessment of the industry based on the Porter’s Five Forces model along with offering a SWOT and value chain analysis.

The major players in the global online video platform market are Dalet Digital Media Systems USA Inc., MediaMelon, Inc., Akamai Technologies, Kaltura Inc., Panopto, and Brightcove Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players. 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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