Video has become an increasingly essential part of our lives, with every industry being forced to digitally transform to function and remain relevant in the era of remote work. At the onset of the pandemic, video platforms emerged as a lifeline to connect with co-workers, family, and friends. Nearly two years later, it still remains a mission-critical component for keeping both at-home and in-office professionals in close contact.
According to a report by SkyQuest Technology, the global online video platforms market was valued at $7.21 billion in 2021 and is projected to reach $30.05 billion by 2030, registering a CAGR of 17.19 percent between 2023-2030. This prolific growth can be attributed to the increasing use of online video platforms by entertainment and media houses. In addition, the video-sharing segment is expected to witness the fastest growth during the forecast period due to the increasing penetration of social media.
The increasing penetration of advanced wireless telecom networks and easy internet access is driving mass users toward online video platforms. For instance, the rapid adoption of 5G networks will significantly increase video content consumption. At the same time, designing videobased marketing content to increase brand awareness is attracting more enterprises toward online video platforms. Brands are now leveraging live video shopping events to attract more customers via digital platforms.
This edition of Media and Entertainment Tech Outlook delivers a bird’s-eye view of the recent developments in the online video platform arena and insights into how organizations are aligning with these trends and adopting new ways to transform legacy practices.
We have curated thought leadership articles from industry experts, including the Head of Executive Production and Artistic Direction of Youth Programs at Groupe TF1 and the Senior Director and Producer of Broadcast Services at Kroenke Sports and Entertainment.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative online video platform solutions. Equipped with robust technological capabilities, companies like Tencent Cloud help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Media and Entertainment Tech Outlook’s online video platform solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
Let us know your thoughts!
Video has become an increasingly essential part of our lives, with every industry being forced to digitally transform to function and remain relevant in the era of remote work. At the onset of the pandemic, video platforms emerged as a lifeline to connect with co-workers, family, and friends. Nearly two years later, it still remains a mission-critical component for keeping both at-home and in-office professionals in close contact.
According to a report by SkyQuest Technology, the global online video platforms market was valued at $7.21 billion in 2021 and is projected to reach $30.05 billion by 2030, registering a CAGR of 17.19 percent between 2023-2030. This prolific growth can be attributed to the increasing use of online video platforms by entertainment and media houses. In addition, the video-sharing segment is expected to witness the fastest growth during the forecast period due to the increasing penetration of social media.
The increasing penetration of advanced wireless telecom networks and easy internet access is driving mass users toward online video platforms. For instance, the rapid adoption of 5G networks will significantly increase video content consumption. At the same time, designing videobased marketing content to increase brand awareness is attracting more enterprises toward online video platforms. Brands are now leveraging live video shopping events to attract more customers via digital platforms.
This edition of Media and Entertainment Tech Outlook delivers a bird’s-eye view of the recent developments in the online video platform arena and insights into how organizations are aligning with these trends and adopting new ways to transform legacy practices.
We have curated thought leadership articles from industry experts, including the Head of Executive Production and Artistic Direction of Youth Programs at Groupe TF1 and the Senior Director and Producer of Broadcast Services at Kroenke Sports and Entertainment.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative online video platform solutions. Equipped with robust technological capabilities, companies like Tencent Cloud help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Media and Entertainment Tech Outlook’s online video platform solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
Let us know your thoughts!
