Millennials are spending more time than ever watching short-form video content on their mobile devices, and players like Facebook and Snapchat are reaping the benefits. These platforms — which capture billions of video views each day — are competing to capture growing mobile audiences and challenging the historical dominance of YouTube. The ensuing bout will create a new set of opportunities for content creators and advertisers looking to cash in on the mobile video craze. 

At Business Insider's Ignition 2015 event, BI Intelligence's Research Analyst Margaret Boland delivered the following presentation discussing how Facebook and Snapchat are shaking up mobile video going into 2016.