In this report, we defines OVPs as fee-based, software-as-a-service (SaaS) online content businesses that enable content owners to ingest, transcode, store, manage, protect, publish, syndicate, track and monetize online video.
According to the report, global revenue for online video platform (OVP) market was valued at $ 779.10 million in 2017. On the whole the OVP market is still very much in the growth phase, and is set to grow at a compound annual growth rate (CAGR) of 16.13% over the next years.
Global Online Video Platforms Market: Market Driver and Restraint
1. Video rapidly becomes a critical means of stakeholder communication and collaboration for enterprises across the globe.
2. The online video platform is expected to experience a significant growth during the forecast period, owing to growth in demand for online advertising among the organizations. Over past few years, organizations have increased their expenditure on online video advertisement to attract consumers, which fuels the market growth. Furthermore, growth in demand and penetration of mobile devices drive the demand for online advertisement. Increase in internet penetration in emerging economies such as India, Brazil, Russia, and South Africa is expected to offer ample growth opportunities for the market.
3. OVP is a service that allows users to manage the content while dealing with the priorities and challenges of video management. It helps content owners to upload, transcode, edit, store, secure, stream, and monetize the video content. Online video viewership is increasing worldwide. There is tremendous growth in the use of OTT video, which is mainly because of the video-enabled consumer devices. Therefore, enterprises, media, and operators are highly dependent on the OVP to publish, manage, and monetize the video content online.
4. The rise in the adoption of live video streaming is identified as one of the key trends behind the growth of the online video platforms market. Online videos are increasingly becoming a key part of the strategic business models for marketers and brands to capture consumers’ preferences. Live streaming videos have become the major step for brand owners for video initiatives and campaigns for B2C and B2B communication. Several brands are engaged in micropayments, mid-roll video ads, and social platform payments to monetize the live streaming of videos since it adds a unique element to digital communication.
Global Online Video Platforms Market: Forecast by Application
This segment includes Media & Entertainment and Enterprise.
In the applications, the Enterprise segment were estimated to account for the highest revenue share of 56.34 % in 2017, even larger than the media and entertainment industry.
Global Online Video Platforms Market: Forecast by Region
In this study, the market for the Online Video Platforms consumption divided into six geographic regions. This segment includes North America, Europe, Asia-Pacific (Ex. Japan), Japan, Latin America, and Middle East & Africa.
The North America, Europe and Latin America market will lead the way, followed closely by the Asia-Pacific (Ex. Japan), Japan and Middle East & Africa markets.-Over the past year, the North America and Latin American regions have shown huge potential for growth.
Global Online Video Platforms Market: Key Players
Brightcove, Ooyala (Telstra), Piksel, thePlatform (Comcast Technology Solutions),IBM Cloud Video, Kaltura, Samba Tech, Wistia, Arkena, Xstream, Ensemble Video, MediaPlatform, Viocorp, Anvato (Google) and Vzaar, are the key vendors included in this report.
Brightcove accounted for 20.01 % of the Global online video platform (OVP) revenue market share in 2017, followed by Ooyala (Telstra) and Piksel.
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