Verifiedmarketresearch has published a report entitled Global South Korea Online Video Platforms (OVP) Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
According to Verified Market Research, the South Korea Online Video Platforms (OVP) Market was valued at USD 23.32 Million in 2018 and is projected to reach USD 79.62 Million by 2026, growing at a CAGR of 16.68% from 2019 to 2026.
The major manufacturers covered in this report- Brightcove, IBM, Comcast Technology Solutions, Piksel, and others..
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What is the South Korea Online Video Platforms (OVP)?
Online Video Platforms (OVP) are defined as the platforms that provides live and recorded content on a website. In other words, online video platforms are also known as where internet video live. The OVP is responsible for hosting video content and also streams it for the viewers. The role of such online platforms plays an integral role in delivering benefits to consumers and businesses.
Also, the diversity of online platforms in terms of activity, sector, business model, and size are becoming prominent in the market. Online video platforms can be deployed using both cloud as well as on-premises mode and that is what makes the nature of OVPs more dynamic. Online video platforms can be used in the media industry, for marketing and sales purpose as well as in the enterprises.
The growing OTT services in South Korea is expected to drive the market for OVP market in forecast period. Currently, various OTT services are available in Korea. For instance, in 2004, PandoraTV launched an Internet video sharing website that hosts user-generated content (UCC) and Africa TV launched Internet individual broadcasting service in 2006. Also, in 2007, Daum launched Daum TVPot service which was one of the free OTT services.
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South Korea OVP Market: Segmentation
The South Korea OVP Market is segmented on the basis of deployment type, application, and geography. On the basis of end use industry, the market is bifurcated into Cloud and On-Premise.
South Korea OVP Market By Deployment TypeCloud accounted for the largest market share of 82.8% in 2018 and is projected to grow at the highest CAGR during the forecast period. A large segment of enterprises is moving towards cloud adoption. Industries are feeling noticeable pressure to seek off-premise solutions that will aid in resolving limitations of existing IT infrastructures as well as enable them to avail improvements in business agility, cost efficiencies and convenience offered by the cloud. Cloud based tools allow for users to be able to access software applications that are running on shared computing resources over the internet.
Market Segment by Regions, regional analysis covers 2019-2026:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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What are the South Korea Online Video Platforms (OVP) market factors that are explained in the report
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global South Korea Online Video Platforms (OVP) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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