Global Online Video Platform Market Forecast 2023–2030: Trends, Growth & Strategic Outlook
The global online video platform market size was valued at USD 8.09 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 20.7% from 2023 to 2030. An online video platform is a fee-based software that allows content owners and publishers to transcode, manage, store, publish, track, and monetize online video content on their channel. In addition, the platform also facilitates users to stream live videos simultaneously, record the live broadcasting, and host videos as per the demand. The online video platform is gaining significant traction from handheld devices such as smartphones and tablets, as the gadgets are compatible with playing live or pre-uploaded video content anywhere and at any time. The market has recorded significant growth over the past few years due to the rising popularity of online videos, with viewership steadily surpassing traditional video content platforms such as cable and satellite television. The trend pos...