Short Video Sharing Platform Market Insights Video

According to Cognitive Market Research, the global short video-sharing platform market size is USD 1695.20 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031. 

• North America held the major market, accounting for more than 40% of global revenue. With a market size of USD 678.08 million in 2024, it will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• Europe accounted for a share of over 30% of the global market size of USD 508.56 million.

• Asia Pacific held the market of around 23% of the global revenue with a market size of USD 389.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• Latin America's market has more than 5% of the global revenue, with a market size of USD 84.76 million in 2024, and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 33.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.

• The application sharing held the highest short video-sharing platform market revenue share in 2024.