The Changing Face Of Online Video In 2009
In 2008, Internet users watched over 9 billion videos, 27% of them on YouTube and other Google related sites.
It’s a fact that Online video is rapidly changing the communications landscape forever. A recent Com Score survey found that in July 2008, over 133 million Americans watched online video, accounting for a staggering 74% of US internet users. There is expected to be a seven-fold increase in online and web video growing to an astonishing £4.6 billion by 2013.In the US online marketers are taking a much closer look at online video production. In December, a survey from PermissionTV found that two thirds of respondents would focus their energies on online videos in 2009. The survey also found that around a half of respondents expect to be impending an online video project with only a third saying they were doing so currently.
In 2009, Online Video Ad spending will increase by 45% (eMarketers David Hallerman)
In 2008, two thirds of internet users watched online video and this is expected to rise to four out of every five internet users through 2009.With the growth of online video, the success of Itunes and Xbox Live, the internet is increasingly being used for full length TV content. According to a Diffusion Group study online video advertisements will change the nature of online video inventory, supporting the claim that long-form video will represent 69.4% of ad revenues, up from 41.6% in 2008. Another surprise is that in 2008, online video ad spending actually grew faster than search spending though, it has to be said, that this maybe due to the economic downturn and the current economic climate. However, it’s not all doom and gloom as search still makes up for around 44% of total ad spend and the fact that it is easily monitored, accountable and performance based will mean it will always be an attractive prospect for marketers.
Cisco have estimated global internet traffic in 2012 will be 6 times current levels
Some analysts expect multiple online video formats will exist, with no single format leading the way in the industry. HD formats also seem likely to attract interest observing that the industry is presently almost entirely dominated by iTunes and the Xbox Live. iTunes alone has sold more than two million films and ninety five million TV shows to date. Its user friendly interface and competitive cost structure and the ipods ubiquitous nature has meant it’s been able to gain traction quickly.
80% Of Internet Users are expected to view online Video at least once a month in 2009 (Beet.TV)
The Xbox’s Live Video Marketplace has driven significant revenue to the online VoD movie market, bridging the gap between TV and PC providing accessible HD content to consumers. Going into 2009, online video has to continue to reach out to the living room to ensure mass-market penetration. The rise of home networking will be a major driver in developing its presence, and media extender solutions such as Apple TV certainly look like they’re here to stay.
Comments(1)