Skip to main content

Broadband Video Content Revenue Upswing

The number of paying users of online video sites has grown significantly between 2006 and 2007, according to a new research report from Parks Associates.

Their report entitled "Broadband Video: A Market Update" finds that the number of broadband households paying for online video content now stands at nearly 12 million -- up from a little more than three million in 2005 to 2006.

"We have seen widespread use of the Internet as an electronic delivery medium for video content over the past couple of years," said Kurt Scherf, Parks Associates' vice president and principal analyst. "Certainly, the availability of higher-quality content and a significant base of products like the iPod that allow for more seamless content-to-device linkages have provided a boost to the online video space."

Although this recent consumer data points to more widespread use of the Internet as a video delivery network, Scherf indicates that the market has been characterized by as many failures as successes to date, and that it remains very much in flux.

"With issues surrounding content rights, the role of incumbent video providers, business models, and questions about how consumer electronics manufacturers and other service providers will actually succeed, the space is very fluid at this point."

The report provides an overview and analysis of the current and expected state of the online video market. It provides key takeaways of the market to date, offers an overview of the current status of video entertainment, and defines key categories and players. It is available as a free download from the Parks Associates' Web site.

On October 3, 2007, Parks Associates will also be hosting a one-day seminar entitled "The Digital Lifestyle: Services, Applications, Content, and the Consumer." The seminar, which will be held at the Hyatt Regency in Santa Clara, CA, will feature data, forecasts, and analysis on advanced online and connected entertainment technologies and services.

Popular posts from this blog

Digital Talent Demand Exceeds Supply in Asia-Pac

Even the savviest CEO's desire for a digital transformation advantage has to face the global market reality -- there simply isn't enough skilled and experienced talent available to meet demand. According to the latest market study by IDC, around 60-80 percent of Asia-Pacific (AP) organizations find it "difficult" or "extremely difficult" to fill many IT roles -- including cybersecurity, software development, and data insight professionals. Major consequences of the skills shortage are increased workload on remaining digital business and IT employees, increased security risks, and loss of "hard-to-replace" critical transformation knowledge. Digital Business Talent Market Development Although big tech companies' layoffs are making headlines, they are not representative of the overall global marketplace. Ongoing difficulty to fill key practitioner vacancies is still among the top issues faced by leaders across industries. "Skills are difficul

Mobile Device Market Still Awaiting Recovery

The mobile devices market has experienced three years of unpredictable demand. The global pandemic, geopolitical pressures, supply chain issues, and macroeconomic headwinds have hindered the sector's consistent growth potential. This extremely challenging environment has dramatically affected both demand and supply chains. It has led to subsequent inflationary pressures, leading to a worsening global cost of living crisis suppressing growth and confidence in the sector. In tandem, mobile device industry stakeholders have become more cautious triggering market uncertainties. Mobile Device Market Development Operating under such a backdrop, the development of mobile device ecosystems and vendor landscapes have been impacted severely. Many of these market pressures persisted throughout 2022 and now into 2023, borne chiefly by the smartphone market. According to the latest worldwide market study by ABI Research, worldwide smartphone shipments in 2022 declined 9.6 percent Year-over-Year

Open Banking Usage to Grow by 470 Percent

The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ