Short Video Platform Market Size

Short Video Platform Market size is poised to surpass USD 2 Billion by 2035, observing nearly 10% CAGR from 2023 to 2035. In the year 2022, the industry size of short video platform was USD 1 Billion. The rising number of online video viewers is predicted to increase the demand for short video platforms in the future. In 2021, there were almost 3 billion digital video viewers around the globe which is projected to increase to 4 billion by the end of 2023.

The ability to distribute videos through short video platforms has increased its popularity among artists to attract a large pool of audiences. Furthermore, businesses are leveraging the benefits of short video platforms by combining them with influencer marketing to advertise their company and reach a larger consumer base. These factors couple up to bring lucrative growth opportunities for market growth during the forecasted timeline.

Frequently Asked Questions (FAQ)

Increasing demand for video content for entertainment and educational purposes are some of the factors that are estimated to bring lucrative growth opportunities for market growth.

The market size of short video platforms is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Bytedance Ltd, Vimeo.com, Inc., Tencent Holdings Ltd., Instagram (Meta Platforms, Inc.), DOUPAI, Beijing Kuaishou Technology Co. Ltd., Meipai, Snap Inc., SNOW Corp., Yixia Technology, and other key players.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, deployment, platform, end-use, and by region.

The Android segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Rising concern regarding cybercrimes along with the increased issues with copyrights and the absence of seamless internet services in remote areas are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Short Video Platform Market Size