2020 Global Pandemic
How have the unprecedented events of 2020 affected the demand for video?
Around 40% of marketers say their plan around video marketing have been or are being affected by the coronavirus pandemic
68% of consumers say the pandemic has impacted the amount of video content they've watched online, with the overwhelming majority (96%)
The ROI if video marketing
86% of video marketeers say video has increased traffic to their website (down 1% from last year!
94% of video marketers say video has helped increased user understanding of their product user understanding of their product or service. (Down 1% from last year)
78% of video marketers say video has directly helped increase sales (down 2% from last year)
The audience view: consumers and video
Putting aside what marketers think about video - how do their audiences feel about it.
94% of people have watched an explainer video to lear more about a product or services.
79% of people say they've been convinced bot buy or download a piece of software or app by watching video.
People watch an average of 18 hours of online video per week. (Rigs is an increase of 2 hours per week compared to 12 months ago and staggering 7.5% hour increase per week across the past 3 years.
Measurement of success
Putting aside what marketers think about video - how do their audiences feel about
When asked how they measure success, video marketers responded as follows
The most commonly cited metric was engagement (including shares, comments, likes. Etc) 63% of video marketers responded this way
Non-Video marketers
Why are so some marketers still reluctant to invest in video?
19% of non-video marketers say they don't use video for marketing as they don't feel its needed.
17% of non-video marketers don't use video for marketing as they dont know where to start.
7% of non-video marketers don't use video for marketing as they say they're unclear on the ROI of the video.
The video platforms
Which platform do video marketers use - and which ones they find most effective?
For 7th consecutive year. Youtube remains the most widely used platform for video marketers. With 87% of video marketers having used it in 2020 (ip from 85% in 2019)
Webinars were the video success story of 2020, in 2019 just 46% used webinars - but in 2020 this rose significantly to 62%
Year over year Trends
Does your business use video as a marketing tool?
The number of businesses using video as marketing seemed to really take off in 2018. And has held broadly consistent ever since the vast majority of companies now use video in one way or another. But here remains potential for growth in video use.
Listen to the podcast and find out more!