United Kingdom Online Video Platform Market Insights Forecasts to 2033

• The U.K. Online Video Platform Market Size was valued at USD 110.12 Million in 2023.
• The Market is Growing at a CAGR of 6.43% from 2023 to 2033
• The UK Online video platform Market Size is Expected to Reach USD 205.28 Million by 2033

The U.K. Online Video Platform Market is Anticipated to Reach USD 205.28 Million by 2033, growing at a CAGR of 6.43% from 2023 to 2033.

Market Overview

An asynchronous video system for creating, hosting, searching, and publishing videos to the internet is known as an online video platform. These systems enable the instant recording, control, and display of video content, making them perfect for communication, education, or entertainment applications. Numerous solutions are available for on-demand videos on video internet platforms. They are also accelerating the rate of collaborative and live broadcast videos, which improve viewer engagement. Depending on one's company objectives, there are numerous online video platforms available to organizations. While some of them are designed with consumers in mind, others are made with institutions in mind. While some only offer native recording programs, live streaming, editing, and other features, others are primarily video content libraries.

Report Coverage

This research report categorizes the market for the UK online video platform market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom online video platform market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. online video platform market.

Driving Factors

The UK is seeing a sharp increase in the number of people watching digital videos. 50.6 million individuals, or over three-quarters of the population (74.9%), will watch digital video this year. As more people look for content on-demand throughout many devices and channels, online video platforms (OVPs) are growing in the UK market due in large part to the growing number of digital video users. Additionally, watching videos online became a common pastime for people in the nation as fans' favorite movies and TV series moved to the internet. UK people seem to prefer reading content on their normal venues, even with the plethora of sparkling new social media and internet platforms that have been established in the recent few years.

Restraining Factors

The fierce competition in the market presents another difficulty. It gets harder and harder to stand out when there are so many platforms competing for the attention of viewers.

Market Segmentation

The UK online video platform market share is classified into type and streaming type.

• The video processing segment is expected to hold the greatest market share through the forecast period.    

The U.K. online video platform market is segmented by type into video processing, video analytics, and video management. Among these, the video processing segment is expected to hold the greatest market share through the forecast period. Platforms for processing videos offer functions including data encryption, a high level of transcoding, variable bandwidth packaging, effective IP transformation, and broadcasting into a graphical and modular solution.

• The video on demand segment is anticipated to hold a significant share of the United Kingdom online video platform market during the forecast period.       

Based on the streaming type, the UK online video platform market is divided into live streaming and video on demand. Among these, the video on demand segment is anticipated to hold a significant share of the United Kingdom online video platform market during the forecast period. The development can be ascribed to the straightforward availability of videos through the cloud, which enables flexibility to broadcast mediums in real-time from any place in the world.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. online video platform market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Vimeo.com, Inc.
• Brightcove Inc.
• Panopto Inc.
• Kaltura Inc.
• Buildscale, Inc. (Vidyard)
• LongTail Ad Solutions, Inc. (JW Player)
• Kollective Technology Inc
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, the launching of two fresh offerings, Panopto Access AI and Panopto Knowledge Insights, has been revealed by Panopto, the world leader in AI-powered video content administration systems (VCMS) for workforce instruction and educational institutions.

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Online Video Platform Market based on the below-mentioned segments:

United Kingdom Online Video Platform Market, By Type

• Video Processing
• Video Analytics
• Video Management

United Kingdom Online Video Platform Market, By Streaming Type

• Live streaming
• Video on demand