Providing market intelligence for more than 35 years

Rapid TV News

Tablet ownership set to skyrocket in 2013, driving video thirst

The number of US tablet users will increase by 61% from 2013 to 2014 to exceed 130 million in 2014, according to a white paper on multiscreen video strategies from Parks Associates and mPortal. And they'll be looking for video to watch on their new gadgets.

The research, presented during The Cable Show in Washington, DC, addresses the impact of connected device ownership on consumer video-viewing experiences, and analyses the monetisation strategies created by emerging second-screen activities and consumer interaction with digital media.
"Tablet adoption, now close to 50% of all US broadband households, increases demand for mobile video and content services," said Heather Way, senior research analyst at Parks Associates. "Our research finds 44% of tablet owners increased their video usage on the device over the past year. Content owners and service providers have the dual challenges of managing video delivery and discovery on multiple platforms while also improving consumer engagement."

Parks Associates research shows more and more TV viewers, especially those under 30, are using smartphones and tablets while watching video on a TV set. Common second-screen activities include reading tweets, looking up show information and shopping. Growth in smart TVs, which will exceed 50% of all US broadband households, also opens new avenues for video delivery and consumer engagement.

"Any effective strategy for digital media has to reach across multiple devices to engage consumers," said DP Venkatesh, CEO at mPortal. "Consumers are accelerating their video viewing outside of traditional channels, and cloud-based video management and second-screen integration are becoming essential in providing consistency and value in the viewing experience. We are pleased to be working with Parks Associates in analysing the current state of the market and exploring future directions and business."

From the article, "Tablet ownership set to skyrocket in 2013, driving video thirst" by Michelle Clancy. 

Previously In The News

Three-quarters of connected TV users engage with online TV

In fact, new research from Parks Associates has revealed that 75% of those with internet-connected smart TVS regularly watch online video. Moreover, Parks also found that the percentage of US smart...

Discounts and promotions bring cord-cutters back to pay-TV

New research from Parks Associates has found that promotions such as offering free or discounted premium channels are the most effective tool for pay-TV providers in luring back subscribers lost to...

Multiscreen services to reach over 100 million W Euro pay-TV subscribers by 2016

Pay-TV providers in Europe and Asia are faced with low ARPUs, growing competitive threats, and rival multiscreen services, driving many to explore new business strategies in video services, accordi...

Connected TV growth means a sea of change for TV advertising

The number of North American households with a smart TV will reach 87 million by 2016, according to new research from Parks Associates. That will have major ramifications on how viewers think of an...