Plano, TX, March 2, 2017 (Newswire.com) - According to research consultancy TDG, video operators and networks searching for new revenue growth must focus on the two key trends: the advance of Latino viewing and the rise of Social-Mobile (SoMo) video. TDG's latest study, The Search for Growth: Latinos, Smartphones, and the Future of US Video Viewing, offers in-depth analysis and forecasts of video viewing for all age cohorts across all devices and conduits through 2030, with specific focus on Latinos, smartphones, and the use of SoMo video services.
According to Joel Espelien, TDG senior advisor and author of TDG's new report, growth in the US video market is harder and harder to come by. An aging population, combined with slow population growth in general, ensures that the video industry can no longer rely on a rising tide of young viewers to lift all boats. That being said, the US Latino population will grow from 56 million in 2016 to 82 million in 2030, an increase of 46%.
TDG forecasts that all age cohorts of the US Latino population will continue to grow, reflecting a barbell distribution in which growth is strongest among the youngest and oldest cohorts. Nevertheless, the US Latino population will remain significantly younger than the US population as a whole.Viewing of Broadband Video among US Latinos will more than double by 2030, with smartphone video viewing leading the way.
Add to this the fact that US Latinos over-index on a host of video viewing behaviors, most notably when it comes to Broadband Video, where 31% watch more than 20 hours per week, almost twice the rate among Caucasian viewers (17%). As well, 51% of Latinos place high value on multi-device access (vs. 29% of Caucasians), which translates across the board into more widespread consumption of Broadband Video services. The use of smartphone video, in particular, is significantly greater among Latinos than Caucasians, with 34% (vs. 15%) watching smartphone video daily, 39% (vs. 18%) watching SVOD on their smartphones at least weekly, and 46% (vs. 35%) watching SoMo video weekly.
Consequently, TDG forecasts that viewing of Broadband Video among US Latinos will more than double by 2030, with smartphone video viewing leading the way, tripling among this segment over the same period. The biggest driver of this increase, in turn, will be social networking applications (SoMo) video.
In addition to detailed forecasts for Latino, smartphones, and SoMo viewing, The Search for Growth also updates TDG's previous comprehensive US viewing forecasts for the period from 2016 to 2030 (by age cohort, device, and service types, among other aspects). For more information about this new analysis, contact firstname.lastname@example.org or call 469-287-8050.
About TDG Research
TDG provides actionable intelligence on the quantum shifts impacting consumer technology and media behavior. Since 2004, we've helped leading and emerging technology vendors, media companies, and service providers master the digital transformation and decipher how modern viewers access and engage video-whenever and wherever they may be. Learn more about how we can help improve your digital video strategies.
Source: TDG Research