Online video platform market to grow 26% by 2016
The global online video platforms market is forecast to grow at a CAGR of 25.64 per cent over the period 2012-2016 according to Research and Markets. One of the key factors contributing to this market growth is the high growth in the online video audience.
The global online video platforms has also been witnessing the high demand for standardisation. However, the security issues could pose a challenge to the growth of this market.
The key vendors dominating this market space are Brightcove, Kaltura Inc, Ooyala and the Platform for Media Inc.