Online Video Platform Market Size Is Anticipated To Reach USD 22.85 Billion By 2028
San Francisco, 6 Oct 2021: The Report Online Video Platform Market Size, Share & Trends Analysis Report By Component, Type (Video Processing, Video Analytics, Video Management), Streaming Type, End Users, By Region, And Segment Forecasts, 2021 - 2028 The global online video platform market size is expected to reach USD 22.85 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 18.4% from 2021 to 2028. The increasing adoption of video content for advertisement and branding activities over traditional marketing campaigns across sectors/industries, such as e-commerce, healthcare, manufacturing, and real estate, is driving the market. For instance, sellers on e-commerce sites such as Amazon and Zappos.com use product videos on their portals to provide customers a 360-degree view of products and help them choose the best match. The increased expenditure on online video advertisements is acting as a major factor dri