Short Video Platform Market Size

Short Video Platform Market size was over USD 1.66 Billion in 2023 and is poised to cross USD 5.63 Billion by the end of 2036, witnessing more than 10% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of short video platform is estimated at USD 1.9 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.