Parks Associates: Consumers Watch More Than Two Hours of Alternative Video on a Computer Each Week
DALLAS, July 12, 2018 /PRNewswire/ -- New video research from Parks Associates today reveals U.S. broadband households watch an average of two hours of alternative content on a computer each week from sources including Facebook, SnapChat, YouTube, Vimeo, and Dailymotion. 360 Deep Dive: Alternative Content Consumption examines alternative content such as livestreaming, user-generated content, short-form videos, and web video series that are available via social networking, video sharing, or similar apps or sites. Nearly one-half of U.S. broadband households watch user-generated content on a monthly basis, and more than 10% watch livestreamed content.
"Alternative video is an important part of the video landscape, and it competes with other video options for a share of consumer attention," said Brett Sappington, Senior Director of Research, Parks Associates. "Approximately one-half of households with a TV watch video from YouTube and similar sites on their TV set. In fact, more households watch online video from an app such as YouTube than watch video from a TV channel app."
Parks Associates data about alternative content consumption shows that adoption of pay TV declines as the frequency of user-generated content consumption increases. This correlation poses a future threat to pay-TV providers as younger respondents are far more likely to watch user-generated content, which could potentially impact their future pay-TV habits and perspectives.
"Younger consumers are far more likely to create their own content as well as watch user-generated content," Sappington said. "For these viewers, the creation of content is as much a part of the entertainment experience as is watching video. Increasingly, traditional content producers and service providers are leveraging alternative content in order to connect with audiences and draw viewers. Some are partnering with individual web celebrities and influencers who often have a disproportionately large influence on the user-generated side of the alternative content space."
Additional data from the research reveals:
-- At present, only 7% of U.S. broadband households watch sporting events
via livestream.
-- Consumers who view user-generated content are much more likely than
those who never watch it to have an OTT service.
-- Almost one-quarter of broadband households have posted videos to some
type of content site or app within the last 30 days.
-- Alternative content compromises more than two hours of online video
watched weekly on a computer.
To schedule an interview with an analyst or to request specific 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.
The company's expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.
Each year, Parks Associates hosts industry webcasts, the CONNECTIONS(TM) Conference Series, Smart Energy Summit: Engaging the Consumer, and Connected Health Summit: Engaging Consumers. http://www.parksassociates.com
Contact:
Julia Homier
Parks Associates
972.996.0214
198451@email4pr.com
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SOURCE Parks Associates
