Online Video Platforms Market Size worth $18.7 Billion By 2027: Grand View Research, Inc.

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Read 200 page research report with ToC on "Online Video Platforms Market Size, Share & Trends Analysis Report By Component, Type (Video Processing, Video Analytics), Streaming Type (Live Streaming, Video On Demand), By End-use, By Region, And Segment Forecasts, 2020 - 2027'' at:https://www.grandviewresearch.com/industry-analysis/online-video-platforms-market 

The rising participation of the global population in online video streaming activities has been recognized as a significant factor in driving the market growth. Live video streaming is gradually becoming an essential advertisement model for various brands. One of the biggest gainers of this business model is live sports streaming channels. The rising number of sporting events globally and a continuously increasing number of subscribers make online video platform (OVP) a lucrative investment opportunity for the media and entertainment industry. Furthermore, the advent of the 5G telecom network is enabling viewers to stream HD video content seamlessly. The e-learning business has become one of the leading beneficiaries of the live streaming video platforms due to the increasing adoption of e-learning in corporate and academic setups coupled with the increased number of mobile learning applications containing analytics that helps track the progress of students.

The outbreak of the novel coronavirus (COVID-19) has led to lockdowns across several regions, resulting in a significant rise in the consumption of online video content as people look at indoor entertainment options to pass their idle time. The lockdowns have also resulted in several governments mandating schools and colleges to conduct online classes. The pandemic has played a significant role in increasing the overall share of the education segment in the market. The rise in online classes has resulted in an overall rise in the revenue of many e-learning platforms. Platforms such as KopyKitab, Unacademy, Vedantu, and Byju's, have witnessed revenue growth in the range of 60% to 200% on a week-on-week basis during the pandemic.

Grand View Research has segmented the global online video platform (OVP) market based on component, type, streaming type, end-use, and region:

List of Key Players of Online Video Platforms Market

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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