According to the report of Allied Market Research, the worldwide market of online video platform in media & entertainment is anticipated to reach 915 million US$ by 2025 form the 254 million US$ value of 2017. The introduction of smartphones has escalated the growth of online video platform in media & entertainment.
The worldwide online video platform in media & entertainment is segmented on the basis of use, end users, type and region. As of the year, 2017 video content delivery network held the highest market share. Based on the use of video sharing segment dominated the market. On the basis of end-users, enterprises and brands have most of the market shares which was more than half of the total market share. In terms of market growth individual segment is expected to have the CAGR of 20.4%.
The market is also divided on the basis of regions and the regions include Middle East & Africa, Europe, Asia-Pacific, North America, and Latin America. The Asia Pacific is anticipated to have the highest growth this foresight period. The report also analyzes business strategies and market status of major players to give complete insight into the industry.