MARKETING
Must-Know Industry Info for 2023
Streaming video is gradually overtaking broadcast TV as the media of choice for many viewers, and for good reason. It’s convenient and offers much higher levels of interaction and engagement than TV or the theater.
With that in mind, it’s no wonder that marketers are investing more budget into video streaming services. They provide an increasingly popular and effective way of reaching modern viewers and are the ideal choice for brands that want to target potential customers with laser precision.
To help support your own streaming initiatives, we’ve compiled over 50 streaming video statistics that you can use to develop your business strategy on:
- General streaming video
- Streaming video audience behavior
- Streaming video for businesses
- Social media streaming video
- Mobile streaming video
- OTT streaming video
- Streaming video performance and optimization
“We still believe consumer attention is massively focused on search, social and marketplaces or retail media, but the biggest place that consumer attention has gone is obviously OTT and connected television.” (Source)
– Zach Morrison, CEO, Tinuiti
General Video Streaming Statistics
The live streaming industry is expected to be valued at $184.3 billion by 2027 (Grand View Research).
About 60% of young adults in the US primarily use online streaming to watch TV (Pew).
U.S. adults now spend nearly 6 hours per day watching video. The span (5:57) represents an 11-minute increase in video consumption, with 6 of those 11 minutes from TV-connected devices (Nielsen).
Demographics are no longer an accurate predictor of video consumption as the behavior of younger and older generations is starting to converge. 28% of older consumers (50+) have cut the cord, up from 19% in 2017 (PWC).
Consumers are 39% more likely to share content if it’s delivered through video (Forrester).
54% of consumers want to see more video content from businesses and brands they support (HubSpot).
Nearly half (42%) of people keep the cord (don’t cancel their cable) due to live TV. However, 30% of cable keepers said they would cut the cord if they knew they could stream all of their favorite live sports, events, and news (Adobe).
While video can help convert customers already on a path to purchase, it also enables a retailer’s existing customers to bring friends and family into the fold — 48% of consumers have shared a brand video on their social media profile (Forrester).
Nearly 80% of marketers recognize video (including TV, digital video, social video, and OTT video) as an increasingly important medium (4CInsights).
Video could make up as much as 90% of all 5G traffic (Intel).
29% of consumers would pay a premium if 5G provided “better quality video” on mobile devices and “decreased buffering while streaming video” (PWC).
Online videos with a start-up time greater than two seconds have significantly higher streaming video abandonment rates, with each additional second prompting another 6% of viewers to bounce (Akamai).
Consumers have a low tolerance for a bad stream. For many, 90 seconds is the most a viewer will tolerate a spotty stream (Techradar).
Live Video Marketing Statistics
Live content earns 27% more minutes of watch time per viewing, nearly 6 more minutes, at 24.41 minutes on average, for live video versus video on demand (slightly fewer than 18 minutes)(Conviva).
Users watch live video 10 to 20 times longer than on-demand content, making live streaming a powerful way to deliver interactive content (Forrester).
China’s live-streaming industry has more than 425 million users (CX Tech News).
44% of live streaming video viewers said they watch less live TV as a result of live streaming (IAB).
User-generated content accounts for 51% of live video content streamed on mobile (State of Digital Publishing).
OTT & Streaming Platform Stats
OTT video services delivering average, poor-quality experiences are losing as much as 25% of their revenue (Verizon).
For the first time, a higher percentage of US households subscribed to a streaming service (69%) than to traditional pay TV (65%) in 2021 (Deloitte).
Consumers struggle with finding video content: only 12% say they are able to find content on streaming platforms easily (PwC).
Netflix Statistics
Nearly one in three U.S. Netflix users said they would not drop the streaming service (Statista).
8% of U.S. adults stated that they would consider subscribing to an ad-supported version of Netflix if it came at a lower price (Forrester).
Netflix had nearly 231 million paid subscribers worldwide as of the fourth quarter of 2022 (Statista).
13% of U.S. online adults who have access to a Netflix account indicate that they’re willing to pay $2.99 more per month to legally share their Netflix account with another person in a different household (Forrester).
YouTube Statistics
Felix Baumgartner’s space jump holds the record for most concurrent views on YouTube with a viewership of 8 million (The Wrap).
As of January 2023, India was the country with the largest YouTube audience, with 467 million users engaging with the video platform (Statista).
YouTube advertisers that were active on the platform in both Q4 2021 and Q4 2022 increased their spending by 3% YoY in Q4 2022 (Tinuiti 2022 Q4 Digital Ads Benchmark Report).
Disney+ Statistics
Disney+ added 11.8 million new subscribers in Q1 to reach 129.8 million subscribers (Techcrunch).
Disney’s content spending in 2022 was estimated to be 33 billion U.S. dollars, an eight billion dollar increase, while that of Netflix was projected to be 17 billion, the same as its content spending in the previous year (Statista).
Nearly one in five (18%) of US Gen Z adults indicate that they don’t currently subscribe to Disney+ but would subscribe if it were offered at a lower price with ads (Forrester).
Twitch Streaming Statistics
55% of Twitch users are aged 18-34 (Influencer Marketing Hub).
Spanish-language livestreams on Twitch saw a six-fold gain in audience between 2019 and 2022 (eMarketer).
In December 2022, Twitch had approximately 7.03 million active streamers (Statista).
Music Streaming Statistics
Spotify is the world’s most popular audio streaming subscription service with 489 million users, including 205 million subscribers in more than 180 markets (Spotify).
In the audio ad space, Spotify and Pandora were two of the most commonly adopted platforms by advertisers in both Q2 2021 and Q2 2022 (Tinuiti State of Streaming Report).
Nearly 524 million people listen to their favorite artists or discover new ones via online streaming platforms (Statista).
Podcast Streaming Statistics
In 2024, experts predict the number of weekly podcast listeners in the US to increase by 5.2%, reaching 109.1 million (Oberlo).
By 2025, more than 40% of people in the US will be listening to podcasts at least once per month (eMarketer).
About 23% of U.S. adults say they get news, at least sometimes, from podcasts (Pew Research Center).
Livestream Shopping Statistics
Live commerce initiated sales could account for as much as 10 to 20 percent of all e-commerce by 2026 (McKinsey).
Social commerce sales will reach $107.17 billion by 2025 (eMarketer).
41.2% of consumers said they tune in to livestreams focused on home products, and 37.5% said they watch live shopping events for electronics (Retail Touchpoints).
Gaming & eSports Streaming Statistics
In 2022, there were 532 million esports viewers worldwide (Insider Intelligence).
Together video gaming and esports will generate an estimated $184 billion in 2024, a drop of 4.3 percent year on year, after two exceptional years when the world reached for its controllers during the lockdown. The industry is projected to be worth $211 billion by 2025 (Deloitte).
In 2022, users watched 411 million hours of streaming on Facebook Gaming on average per month, an increase of more than 37% from just two years prior (eMarketer).
Social Media Streaming Statistics
52% of live video viewers stream content through social media (eMarketer).
YouTube is the most popular place to watch live content, with 52.0% tuning in on the platform. Facebook ranks as their second app of choice, used by 42.6% for live video, while Instagram and TikTok tie for third with 33.4% (eMarketer).
Twitter Live Videos
Around 50% of Twitter’s live video viewers are younger than 25 (Adweek).
From 2020 to 2021, the video watch time on Twitter increased by 30% (Twitter).
There are over 2 billion video views on Twitter each day (Twitter).
Facebook Live
Facebook has paid out over $50 million to publishers and celebrities to use Facebook Live (The Wall Street Journal).
Daily watch time for Facebook Live broadcasts grew four times over the course of a year (Facebook).
The key phrase “Facebook live stream” saw a 330% increase in searches from 2016 to 2018 (Mediakix).
Facebook Live is the #1 live video streaming platform in the US, with 17% of the market share (True List).
Instagram Reels & Stories
Digital marketers expect to invest most in creating Instagram Stories (66%) and news feed videos (62%). B2B marketers prioritized newsfeed videos while B2C marketers emphasized Instagram stories (Mondo).
In Q3 2022, Reels accounted for 4.7% and 1.9% of ad impressions on Instagram and Facebook (eMarketer).
Brands earn nearly 40% more engagement with Reels compared to other Instagram content formats (Business Wire).
LinkedIn Video Ads
According to LinkedIn, video ads earn 30% more engagement than non-video ads (Techcrunch).
LinkedIn members spend almost 3x more time watching video ads compared to time spent with static Sponsored Content (Techcrunch).
LinkedIn Ads were more effective at driving Brand Lift than other top platforms for both B2B and B2C brands (LinkedIn).
MARKETING
YouTube Ad Specs, Sizes, and Examples [2024 Update]
Introduction
With billions of users each month, YouTube is the world’s second largest search engine and top website for video content. This makes it a great place for advertising. To succeed, advertisers need to follow the correct YouTube ad specifications. These rules help your ad reach more viewers, increasing the chance of gaining new customers and boosting brand awareness.
Types of YouTube Ads
Video Ads
- Description: These play before, during, or after a YouTube video on computers or mobile devices.
- Types:
- In-stream ads: Can be skippable or non-skippable.
- Bumper ads: Non-skippable, short ads that play before, during, or after a video.
Display Ads
- Description: These appear in different spots on YouTube and usually use text or static images.
- Note: YouTube does not support display image ads directly on its app, but these can be targeted to YouTube.com through Google Display Network (GDN).
Companion Banners
- Description: Appears to the right of the YouTube player on desktop.
- Requirement: Must be purchased alongside In-stream ads, Bumper ads, or In-feed ads.
In-feed Ads
- Description: Resemble videos with images, headlines, and text. They link to a public or unlisted YouTube video.
Outstream Ads
- Description: Mobile-only video ads that play outside of YouTube, on websites and apps within the Google video partner network.
Masthead Ads
- Description: Premium, high-visibility banner ads displayed at the top of the YouTube homepage for both desktop and mobile users.
YouTube Ad Specs by Type
Skippable In-stream Video Ads
- Placement: Before, during, or after a YouTube video.
- Resolution:
- Horizontal: 1920 x 1080px
- Vertical: 1080 x 1920px
- Square: 1080 x 1080px
- Aspect Ratio:
- Horizontal: 16:9
- Vertical: 9:16
- Square: 1:1
- Length:
- Awareness: 15-20 seconds
- Consideration: 2-3 minutes
- Action: 15-20 seconds
Non-skippable In-stream Video Ads
- Description: Must be watched completely before the main video.
- Length: 15 seconds (or 20 seconds in certain markets).
- Resolution:
- Horizontal: 1920 x 1080px
- Vertical: 1080 x 1920px
- Square: 1080 x 1080px
- Aspect Ratio:
- Horizontal: 16:9
- Vertical: 9:16
- Square: 1:1
Bumper Ads
- Length: Maximum 6 seconds.
- File Format: MP4, Quicktime, AVI, ASF, Windows Media, or MPEG.
- Resolution:
- Horizontal: 640 x 360px
- Vertical: 480 x 360px
In-feed Ads
- Description: Show alongside YouTube content, like search results or the Home feed.
- Resolution:
- Horizontal: 1920 x 1080px
- Vertical: 1080 x 1920px
- Square: 1080 x 1080px
- Aspect Ratio:
- Horizontal: 16:9
- Square: 1:1
- Length:
- Awareness: 15-20 seconds
- Consideration: 2-3 minutes
- Headline/Description:
- Headline: Up to 2 lines, 40 characters per line
- Description: Up to 2 lines, 35 characters per line
Display Ads
- Description: Static images or animated media that appear on YouTube next to video suggestions, in search results, or on the homepage.
- Image Size: 300×60 pixels.
- File Type: GIF, JPG, PNG.
- File Size: Max 150KB.
- Max Animation Length: 30 seconds.
Outstream Ads
- Description: Mobile-only video ads that appear on websites and apps within the Google video partner network, not on YouTube itself.
- Logo Specs:
- Square: 1:1 (200 x 200px).
- File Type: JPG, GIF, PNG.
- Max Size: 200KB.
Masthead Ads
- Description: High-visibility ads at the top of the YouTube homepage.
- Resolution: 1920 x 1080 or higher.
- File Type: JPG or PNG (without transparency).
Conclusion
YouTube offers a variety of ad formats to reach audiences effectively in 2024. Whether you want to build brand awareness, drive conversions, or target specific demographics, YouTube provides a dynamic platform for your advertising needs. Always follow Google’s advertising policies and the technical ad specs to ensure your ads perform their best. Ready to start using YouTube ads? Contact us today to get started!
MARKETING
Why We Are Always ‘Clicking to Buy’, According to Psychologists
Amazon pillows.
MARKETING
A deeper dive into data, personalization and Copilots
Salesforce launched a collection of new, generative AI-related products at Connections in Chicago this week. They included new Einstein Copilots for marketers and merchants and Einstein Personalization.
To better understand, not only the potential impact of the new products, but the evolving Salesforce architecture, we sat down with Bobby Jania, CMO, Marketing Cloud.
Dig deeper: Salesforce piles on the Einstein Copilots
Salesforce’s evolving architecture
It’s hard to deny that Salesforce likes coming up with new names for platforms and products (what happened to Customer 360?) and this can sometimes make the observer wonder if something is brand new, or old but with a brand new name. In particular, what exactly is Einstein 1 and how is it related to Salesforce Data Cloud?
“Data Cloud is built on the Einstein 1 platform,” Jania explained. “The Einstein 1 platform is our entire Salesforce platform and that includes products like Sales Cloud, Service Cloud — that it includes the original idea of Salesforce not just being in the cloud, but being multi-tenancy.”
Data Cloud — not an acquisition, of course — was built natively on that platform. It was the first product built on Hyperforce, Salesforce’s new cloud infrastructure architecture. “Since Data Cloud was on what we now call the Einstein 1 platform from Day One, it has always natively connected to, and been able to read anything in Sales Cloud, Service Cloud [and so on]. On top of that, we can now bring in, not only structured but unstructured data.”
That’s a significant progression from the position, several years ago, when Salesforce had stitched together a platform around various acquisitions (ExactTarget, for example) that didn’t necessarily talk to each other.
“At times, what we would do is have a kind of behind-the-scenes flow where data from one product could be moved into another product,” said Jania, “but in many of those cases the data would then be in both, whereas now the data is in Data Cloud. Tableau will run natively off Data Cloud; Commerce Cloud, Service Cloud, Marketing Cloud — they’re all going to the same operational customer profile.” They’re not copying the data from Data Cloud, Jania confirmed.
Another thing to know is tit’s possible for Salesforce customers to import their own datasets into Data Cloud. “We wanted to create a federated data model,” said Jania. “If you’re using Snowflake, for example, we more or less virtually sit on your data lake. The value we add is that we will look at all your data and help you form these operational customer profiles.”
Let’s learn more about Einstein Copilot
“Copilot means that I have an assistant with me in the tool where I need to be working that contextually knows what I am trying to do and helps me at every step of the process,” Jania said.
For marketers, this might begin with a campaign brief developed with Copilot’s assistance, the identification of an audience based on the brief, and then the development of email or other content. “What’s really cool is the idea of Einstein Studio where our customers will create actions [for Copilot] that we hadn’t even thought about.”
Here’s a key insight (back to nomenclature). We reported on Copilot for markets, Copilot for merchants, Copilot for shoppers. It turns out, however, that there is just one Copilot, Einstein Copilot, and these are use cases. “There’s just one Copilot, we just add these for a little clarity; we’re going to talk about marketing use cases, about shoppers’ use cases. These are actions for the marketing use cases we built out of the box; you can build your own.”
It’s surely going to take a little time for marketers to learn to work easily with Copilot. “There’s always time for adoption,” Jania agreed. “What is directly connected with this is, this is my ninth Connections and this one has the most hands-on training that I’ve seen since 2014 — and a lot of that is getting people using Data Cloud, using these tools rather than just being given a demo.”
What’s new about Einstein Personalization
Salesforce Einstein has been around since 2016 and many of the use cases seem to have involved personalization in various forms. What’s new?
“Einstein Personalization is a real-time decision engine and it’s going to choose next-best-action, next-best-offer. What is new is that it’s a service now that runs natively on top of Data Cloud.” A lot of real-time decision engines need their own set of data that might actually be a subset of data. “Einstein Personalization is going to look holistically at a customer and recommend a next-best-action that could be natively surfaced in Service Cloud, Sales Cloud or Marketing Cloud.”
Finally, trust
One feature of the presentations at Connections was the reassurance that, although public LLMs like ChatGPT could be selected for application to customer data, none of that data would be retained by the LLMs. Is this just a matter of written agreements? No, not just that, said Jania.
“In the Einstein Trust Layer, all of the data, when it connects to an LLM, runs through our gateway. If there was a prompt that had personally identifiable information — a credit card number, an email address — at a mimum, all that is stripped out. The LLMs do not store the output; we store the output for auditing back in Salesforce. Any output that comes back through our gateway is logged in our system; it runs through a toxicity model; and only at the end do we put PII data back into the answer. There are real pieces beyond a handshake that this data is safe.”
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