Everybody knows video is on the rise - but how much?...
A recent study published by Tubemogul, a video distribution and analytics startup, in partnership with Brightcove, a video platform, provides some interesting insights and statistics regarding the ways and places we’re all finding, viewing and sharing video content.
Before diving into some of the cool numbers shared in the study It’s important to note that the study is based on numbers garnered from both companies’ data, which means that it only represents a certain segment of video consumption. This isn’t to say that the data isn’t valid – only that it’s partial and should be viewed as such. For example, data regarding Youtube, which alone accounts for ~40% of the market, is not covered by the study.
Video Engagement Statistics
- Broadcast networks take the lead in terms of viewing time per stream
Online video content from broadcast networks is watched on average 2:53 minutes per stream. The networks are followed by music labels (1:50 min.) and newspaper publishers (1:41 min.)
- Newspapers and magazines lead in terms of video viewing completion rates
Interestingly viewers are most likely to watch an entire video when they are consuming it on a newspaper’s site. Newspapers and magazine publishers video viewing completion rates are about 40% each closely followed by broadcasters (38%) with music labels bringing up the rear with 29%.
- Twitter leads in terms of referral engagement
Twitter referrals generate the highest level of engagement, when compared to other referral sources, for broadcast networks, music labels and magazine publishers. Interestingly newspaper publishers enjoy their highest engagement rates with viewers referred from Yahoo.
Facebook’s shameful share
Another interesting statistic published in the study is Facebook’s share in driving online traffic. Although Facebook’s community has increased by 2% in April alone, and despite the fact that over 34% of the entire adult demographic in the US is already using Facebook, accounts for only 0.40% of video traffic.
I think that if nothing else this number, if correct, speaks volumes for the relatively poor experiences Facebook delivers in terms of video viewing and upload. Considering how popular video is, and considering Facebook’s incredible adoption levels, Zuckerberg’s social behemoth – a leader in almost every other online field, should account for more than %0.40 without even trying!
I’m pretty certain that when Facebook chooses to address it’s video usability issues its market share will improve dramatically almost immediately.
Join the video bandwagon with Treepodia Video Distributor
All these numbers are good and well but how does this reflect on your business and your day to day marketing efforts? Well, although I’m hardly what you’d call objective, I believe the joint Brightcove Tubemogul study provides further validation for our Video Distributor product, which syndicates etailers’ product videos to video sharing sites (Youtube, Dailymotion, Metacafe, etc.). Since we released Video Distributor in February we’ve consistently seen consumers searching for, and learning about our clients’ products on the video sites, and then coming in to make their purchases on our clients’ sites. This trend was confirmed by all the pilot partners who helped us test Video Distirbutor before we made it publicly available.
Image credit: http://www.flickr.com/photos/ndevil/3491395689
