Global Online Video Platform Market to Reach US$ 2,603.9 Million by 2032, Bolstered by Increasing Global Viewership

June 01, 2022 | Technology & Media

The latest report by IMARC Group, titled “Online Video Platform Market Report by Model Type (UGC Model, DIY Model, SaaS Model), Application (Media & Entertainment Industry, Enterprises, and Others), Product Type (Software, Services), and Region 2024-2032,” finds that the global online video platform market size reached US$ 1,012.2 Million in 2023. An online video platform (OVP) is a video hosting service that facilitates users to stream video content and upload self-produced material over the cloud and the internet. It allows video content owners and publishers to perform different functions such as transcoding and converting different file formats, ingesting, editing, accessibility, sharing of content, storage, content security, content syndication, distribution, monetization, and engagement analytics. OVP is also used to manage and achieve seamless delivery of the video content to the desired audience in a cost-effective manner. It achieves and manages uninterrupted content delivery to the audience around the world. Currently, OVP is gaining significant traction from handheld devices, such as smartphones and tablets, as gadgets are compatible with playing live or pre-uploaded video content according to one’s convenience.

Global Online Video Platform Market Trends:

The market is primarily driven by the rising popularity of online videos over traditional methods of viewing video content. Besides this, the growing penetration of the internet and the usage of smartphones, smart televisions (TVs), tablets, personal computers and other smart devices are fueling the market growth. In addition, brands extensively use OVPs to create a market presence and provide information to their customers in an interactive manner. Nowadays, key companies are extensively spending on online video advertisement, which is escalating the demand for OVP in the media and entertainment industry. Moreover, with the outbreak of the coronavirus disease (COVID-19) pandemic, OVPs are facilitating distance education by offering open educational resources to students around the world. These platforms are designed for scalable to large online masses across hundreds of public and private universities as well as organizations. Furthermore, the rising popularity and viewership of YouTube, Dalet Digital Media Systems USA Inc, MediaMelon, and Limelight Networks are also creating opportunities for the market players. Looking forward, the market value is expected to reach US$ 2,603.9 Million by 2032, exhibiting a CAGR of 10.7% during the forecast period (2024-2032).

Market Summary:

Based on the model type, the market has been segmented into UGC, DIY, and SaaS models.
On the basis of the application, the market has been classified into media and entertainment industry, enterprises, and others.
The market has been categorized based on the product type into software and services.
Region-wise, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has been examined, with some of the key players being Dalet Digital Media Systems USA Inc., MediaMelon, INC., Akamai Technologies, Kaltura Inc., Panopto, Brightcove Inc., Frame.io, Inc., Limelight Networks Inc., YouTube, and Comcast Technology Solutions.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Model Type, Application, Product Type, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Dalet Digital Media Systems USA Inc., MediaMelon, INC., Akamai Technologies, Kaltura Inc., Panopto, Brightcove Inc., Frame.io, Inc., Limelight Networks Inc., YouTube and Comcast Technology Solutions
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Online Video Platform Market to Reach US$ 2,603.9 Million by 2032, Bolstered by Increasing Global Viewership

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.