IBI recently published a research study titled Global Online Explainer Video Software Market 2023 which offers comprehensive insights into the business strategies employed by both established and emerging players in the industry. This Online Explainer Video Software market report provides a thorough analysis of the current market landscape, technological advancements, drivers, opportunities, market outlook, and status. Additionally, it presents an overview of various Online Explainer Video Software market segments and applications that have the potential to influence the market in the future. The information presented in the report is based on historical milestones and current trends.
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Some of the companies competing in the Online Explainer Video Software Market: Filestage, Adobe, Animaker, Animatron, Animiz, Animoto, Biteable, TechSmith, Reallusion, Vidello, Doodly, iMovie, InVideo, Magisto, Maya, Moovly, OFFEO, Pitchy, Powtoon, Promo, Renderforest, Toonly, Vimeo, Vyond, Wideo, Explaindio, Videomakerfx
The global online explainer video software market is expected to reach USD 2.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.5% from 2023 to 2030. The market is driven by the increasing demand for explainer videos from businesses of all sizes to communicate their products, services, and ideas in a clear and concise way.
Online Explainer Video Software Market Overview:
The online explainer video software market is thriving as businesses and individuals increasingly rely on video content for communication and marketing purposes. These software solutions simplify the creation of animated explainer videos, which are effective for explaining products, services, or ideas. Prominent players like Vyond, Powtoon, and Moovly offer user-friendly tools with customizable templates and animation features. As video marketing continues to gain traction in digital advertising and online education, demand for explainer video software is on the rise. The market caters to a wide range of industries, and its growth is driven by the need for engaging and impactful visual storytelling.
Online Explainer Video Software Market Segmentation:
By Type:
Cloud Based
On-premises
By Application:
Large Enterprises
SMEs
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Regions Covered in this Report:
In terms of region, this report is segmented into several key regions, with sales, revenue, market share, and growth rate of Online Explainer Video Software Market in these regions, from 2023 to 2030 covering
One of the prominent objectives of this report is to study competitive developments such as partnerships and collaborations, research and development (R&D) activities, mergers and acquisitions (M&A), product developments, and expansions in the Online Explainer Video Software market. Further, the study provides business predictions by region, key countries, and top firms’ information to channel their investments. In addition, market prospects are given based on global sales and revenue forecast and regional Online Explainer Video Software Market forecast.
Online Explainer Video Software Market Key Drivers:
The Online Explainer Video Software market is experiencing rapid growth due to several key drivers and dynamics. Firstly, the increasing demand for engaging and accessible content in online marketing and communication is driving the adoption of explainer video software. These tools allow businesses and individuals to create compelling visual content to convey complex ideas or messages effectively. Secondly, the rise of remote work and virtual learning has amplified the need for online explainer videos as an efficient means of instruction and communication. Additionally, advancements in video creation technology, including user-friendly interfaces and templates, are making it easier for non-professionals to produce high-quality videos. Moreover, the growing importance of video content on social media platforms is boosting the market as individuals and businesses seek to enhance their online presence. In summary, the Online Explainer Video Software market is propelled by content demand, remote communication needs, technology advancements, and social media trends.
Research Methodology:
Secondary Research
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Primary Research
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like supplier, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
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