South Korea Online Video Platforms Market Report and Forecast 2025-2034

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the South Korea Online Video Platforms Market

Platforms that offer live and recorded content on a website are known as online video platforms (OVP). In other words, websites that host videos are also known as internet video live. The OVP is in charge of hosting video material and providing viewers with streaming access to it. These internet platforms are crucial in providing advantages to customers and enterprises.

High Smartphone and Internet Penetration Creates Opportunities for the Market Players in the South Korea Online Video Platform Market

More than 96% of the population in South Korea has access to the internet, making it one of the countries with the greatest internet penetration rates in the world. This gives online video outlets access to a sizable prospective audience. Also, South Koreans use their phones frequently. Due to the rise in mobile video consumption, mobile-friendly internet video platforms have experienced rapid development. Also, the government has aggressively promoted the expansion of the online video sector through a number of programmes and regulations, including funding and infrastructure construction.

Increasing Popularity of K-pop and Korean Culture are Majorly Driving the Online Video Platforms in South Korea

South Korea is renowned for its cutting-edge infrastructure and technology, which includes 5G mobile networks, high-speed internet access, and superior video compression and streaming techniques. Technological developments have made it possible for internet video platforms to provide viewers with high-quality content. K-pop, in particular, has become increasingly well-known around the world in recent years. As a result, there is a rising demand for Korean content and online video platforms. K-pop idols starring in variety shows, Korean dramas, and other entertainment content boost the popularity of these platforms even more.

Online platforms are getting more varied in their activities, industries, business models, and sizes. Because they may be set up in both cloud and on-premises configurations, online video platforms (OVPs) have a more flexible nature. Internet video platforms may be utilised by businesses, as well as by the media sector for marketing and sales.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Market Share by Component

Throughout the projection period, the service category is anticipated to increase significantly. This is due to the rising need for managed and expert services for video streaming platforms. Threats to data security are rising along with the use of cloud-based video content. Enterprise-managed services offer cloud security tools that customers may utilise to defend their websites, apps, and cloud data centres from cyberattacks in order to combat these threats.

The rising demand for live-streaming video platforms as well as the soaring demand for subscription-based video content through the OTT platform. Other factors that are projected to support the expansion of the solution category throughout the forecast period include the accessibility of low- and free-of-charge video hosting platforms and monetization capabilities, such as running adverts between videos. 

Market Share by Type

Encoding, transcoding, and packaging video material for internet distribution are all parts of video processing. Platforms for video management offer tools for organising, storing, and disseminating video material. Video distribution refers to the process of sending video files through the internet to end users. Peer-to-peer (P2P) networks or content delivery networks (CDNs) may be utilised to accomplish this, and platforms for video analytics offer information on user interactions with video content, including watching patterns, engagement, and performance. All these types are in high demand in order to provide premium services to consumers while also seamlessly tracking the progress and reach of platforms based on consumer engagement and viewing behaviour. 

Market Share by Streaming Type

Two of the major companies in the South Korea market for online video platforms are Kakao and Naver. The company Naver runs the well-known streaming service "Naver TV," which offers both live streaming and video-on-demand (VOD) options. Similar to this, Kakao also runs the well-known streaming service "Kakao TV," which offers both live streaming and VOD options. There are several other platforms such as YouTube, twitch, and Pooq, among others and the market share of both segments is expected to propel during the mentioned timeframe in South Korea.

Market Share by End-user

End-users of the South Korea online video platforms market are largely customers who access and consume video content via various online platforms. Streaming services like Netflix, YouTube, Naver TV, Kakao TV, and others are available on these platforms. The rising demand has been caused by South Korea's high-speed internet infrastructure and tech-savvy populace. Young adults and teenagers, who are frequent users of social media and streaming services, are some important demographic groupings of end-users of online video platforms in South Korea. Since the COVID-19 pandemic, the use of online platforms has grown in several sectors, such as education, retail, and media and entertainment, among others. The media and entertainment segment has always been popular due to the high influence of BTS and K-pop in the country, thereby accounting for a sizeable share of the market. Overall, the South Korea online video platforms market is highly competitive due to the availability of a wide range of options to choose from. This has also led to R&D work and high investment to meet the growing demand for video content.

Competitive Landscape

Other key players in the South Korea Online Video Platforms Market include Alphabet Inc., Akamai Technologies, Inc., Bigo Technology, CJ ENM Co., Ltd., The Walt Disney Company and among others.