WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Web Hosting Web Host Industry Monday, November 12, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email


Parks Associates: Number of Hours of Video Viewed on a Mobile Phone Increased by 55% from 2015 to 2017
Friday, September 14, 2018

New whitepaper addresses pay-TV provider strategies for OTT services

DALLAS, Sept. 14, 2018 /PRNewswire/ -- Parks Associates today released a new whitepaper ahead of IBC, "Video's Critical Path: Success at Web Speed," that reports by the end of 2017, U.S. broadband households were spending nearly three hours per week watching video on a mobile phone, an increase of nearly 55% from 2015. This shift comes as households are watching less live broadcast video on their televisions, which dropped from over 60% of video consumption in early 2012 to 44% at the end of 2017. The whitepaper, sponsored by MediaKind, addresses these shifting trends and the impact of OTT video on the pay-TV ecosystem and the new opportunities available for pay-TV providers in this environment.

"In the video services market, change has come quickly, affecting all aspects of the ecosystem," said Brett Sappington, Senior Director of Research, Parks Associates. "Beyond the increased consumption to on-demand viewing, consumer expectations for service features and experience continue to evolve. The journey consumers take in service selection and purchasing is also changing. At the same time, consolidation and the rise of new services produce a challenging competitive environment."

The result of these changes is a new approach to video services to address the new market dynamic in video services that encompasses all parts of the organization, from marketing through service delivery. The rise of direct-to-consumer services from content producers, new monetization models, and online pay-TV services is evidence of this change.

"Consumers are expecting and realizing new ways of experiencing the content of their choice thanks to the convergence of media, social, and mobility," said Arun Bhikshesvaran, CMO, MediaKind. "We are excited about the possibilities to bring advanced media technology to our customers, enable new and dynamic workflows, and ultimately deliver immersive experiences to consumers."

"The good news: new opportunities produced by market change ultimately benefit all parts of the ecosystem," Sappington said. "Importantly, the consumer is the ultimate winner, enjoying new services, enhanced features, greater personalization, and a superior user experience."

Additional Parks Associates data finds:

    --  Over 200 OTT services are available in the U.S. market.
    --  Each European market averages 80-100 OTT video competitors, in addition
        to offerings from traditional pay-TV providers or mobile carriers.

Parks Associates is attending IBC in Amsterdam, September 13-18.

Parks Associates will host its inaugural event Future of Video: OTT, Pay TV, and Digital Media on December 10-12, 2018, at Marina Del Rey, Calif. At this conference, with special Research Sponsor MediaKind, industry leaders will share insights on new trends in the video and connected entertainment industries, with insights on consumer behaviors and preferences and the challenges for the video industry in meeting these expectations. For more information, visit www.fov2018.com.

To download this whitepaper, visit www.parksassociates.com/whitepapers. To schedule an analyst meeting or request specific research data, contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions. http://www.parksassociates.com

Julia Homier
Parks Associates
972.996.0214
201678@email4pr.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/parks-associates-number-of-hours-of-video-viewed-on-a-mobile-phone-increased-by-55-from-2015-to-2017-300712680.html

SOURCE Parks Associates



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Friendly Technologies Launches New Wi-Fi Optimization Package | Nov 12, 2018
Nav TriNetX Adds Ambulatory Care, Medical & Pharmacy Claims Data to Real-World Data Platform | Nov 12, 2018
Nav Leidos Adds New Technology Companies to its Supplier Network | Nov 12, 2018
Nav CJ 4DPLEX Participates in IAAPA Attractions Expo 2018 | Nov 12, 2018
Nav TicketIQ Launches Version 2.0 Of Co-Branded Ticket Selling Platform Across Over 300 Publisher Partners | Nov 12, 2018
Nav Asetek Liquid Cooled IntelĀ® Compute Modules Installed by Ace Computers in HPC Cluster for U.S. Defense Contractor | Nov 12, 2018
Nav Nielsen: 11.11 - 94% of online consumers in China have participated in shopping festivals; First 100 days are critical for new product launches | Nov 12, 2018
Nav ForceBrands to Host HR Collective to Discuss "The Teams of Tomorrow" | Nov 12, 2018
Nav Taiwan Partnering with Malaysia on Alternative Energy Development | Nov 12, 2018
Nav AVDS & eMite Deliver Business Intelligence Solutions | Nov 12, 2018
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News