You’ve probably noticed the rapid growth and proliferation of video content on the Web over the last few years. Here are some interesting supporting stats:
- Video content comprised 59% of all global internet traffic in 2012.
- The share of video is projected to rise to 86% by 2016.
- Netflix, accounts for 33% of all night-time Internet traffic in the US (wow!).
- As with most things online, mobile/tablet consumption of video is growing fast, and now accounts for 10% of all plays.
- The younger the person, the more likely they are to consume content in video form.
This last point is extremely significant. Granted, this is a very small sample size, but I’ve observed that my kids (around age 10) and their friends are interacting with significantly more video content than my (40ish) friends are. When they want to learn a new dance move, see what roller coasters are at Hersey Park or check out a Minecraft mod, they naturally turn to a video instead of looking for a blog post to scan. When they have friends over, they make funny Vine and Instagram videos. Email and writing online are as archaic to them as writing letters was to my generation. Texting? They turn to FaceTime.
Video consumption is growing, fast, internationally, on all devices, and among all age groups. This trend is real and lasting.