In a 2016 Inc. article, 2017 was labeled “the year of online video.” Since then, the rise of Facebook Live, success of on-demand video companies like Netflix, Hulu and Amazon, and a universal love of Snapchat and GIFs have predictably resulted in the exponential growth of an online video market that’s showing no signs of slowing down.

To visualize just how meteoric the rise of online video and its subsequent effect on internet traffic, consumer viewing habits and business marketing strategies is, we created the following infographic. “Video is exploding — growing by 25 percent per year. All companies now use video for marketing,” said Halsey Minor, Live Planet CEO and Founder. These trends support the primary objective of the VideoCoin Network to provide a more efficient and cost-effective model for storing and sharing online video.

See our infographic below.

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