According to the Ericsson ConsumerLab, based on interviews with 100,000 individuals each year in more than 40 countries, representing the views of 1.1 billion people, through quantitative and qualitative research, the future of TV is now. The evolution of TV and video habits has meant that traditional user groups, such as the TV Couch Traditionalists, have shrunk by more than 30% since 2010, in favor of user groups such as the Mobility Centric and Screen Shifters.
TV Couch Traditionalists and Screen Shifters spend the most on paid scheduled linear TV services today, while the Mobility Centrics, TV Zeros and Average TV Joes spend significantly less. Additionally, Screen Shifters and Mobility Centrics pay significantly more for VOD services than ever before. The consumers of tomorrow will require more to be satisfied, says the report, but it is a task that is well worth doing because their love for TV and video content will continue to grow in the future, concludes the report.
Total TV and video viewing time increases through massive growth in mobile viewing, says the report:
Consumers’ mobile viewing habits thrive with the perception of unlimited video streaming:
Scheduled linear TV viewing suffers when millennials go all-in with streamed user generated content (UGC):
Consumers in the US spend 45% more time choosing what to watch on video on demand (VOD) services than scheduled linear TV services, yet they rate VOD services higher:
Consumer spending on VOD services in the US has increased by over 60% in just a few years:
Since 2010, internet-based video content and social media have proliferated and are today competing with scheduled linear TV content for the consumer’s attention. But the study shows that scheduled TV also has an important role in tomorrow’s increasingly complex media environment. Scheduled linear TV services continue to attract consumers through a shared social experience, relaxing lean-back viewing and instant access to live content. But consumers also appreciate and expect the option of media à la carte, the ability to create their own world of entertainment.
UGC (User Generated Content) that is either on-demand or live introduces new, exciting possibilities for consumers and producers of such content. UGC is increasingly appealing to many, and younger consumers in particular, says the report. Today 16-34 year olds spend almost 2.5 hours more each week watching streamed on-demand UGC than 35-69 year olds. At the same time, 16-34 year olds spend almost four hours less than 35-69 year olds when it comes to watching live and linear broadcasted content. To a large extent, millennials today watch UGC whereas those aged 35-69 spend their time on live and linear TV.
The viewing traditions of TV and media consumers are clearly changing, with the media industry introducing new types of content and formats. Just as the preferences for how to watch TV and video content are changing, so is when and through which screen the content is viewed
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