Streaming video continues to resonate with consumers globally, albeit not as strongly as last year when the pandemic was in its infancy, resulting in the abrupt closure of movie theaters, sporting events and sequestering consumers in their homes.
New data from Conviva found that viewing time grew 36% during the first quarter, ended March 31, compared to the previous-year period when streaming video growth topped 57%.
Subscribe HERE to the FREE Media Play News Daily Newsletter!
While North America, the world’s biggest streaming market, saw solid 18% year-over-year growth in streaming viewing, that was down from 57% last year, which included South America. The true streaming explosion occurred internationally, with South America (up 240%), Africa (149% vs. 25%) and Europe (+122% vs. 70%) experiencing triple-digit growth.
Data for the report was primarily collected from Conviva’s proprietary sensor technology currently embedded in 3.3 billion streaming video applications, measuring in excess of 500 million unique viewers watching 180 billion streams per year with 1.5 trillion real-time transactions per day across more than 180 countries.
The report also revealed that as more consumers are migrating to connected TV devices, smart-TVs and gaming consoles (73% market share), current device leaders Roku and Amazon Fire TV’s share of the streaming device market is eroding.
Roku and Amazon Fire TV saw a slight decline (2.9% and 3.6% respectively) in share of viewing time in Q1, as international viewing and smart-TVs continued to surge globally. While Roku captured a significant 30% share of global big-screen viewing time, this dominance was primarily driven by North America, where it commanded 37% share in Q1. In Europe, Roku’s second-largest market, Roku accounted for only 8% share of the big screen, and it did not fare any better in other regions, with 4% share or less in Africa, Asia, Oceania and South America.
“In every region in the world, streaming viewership is growing, representing a global shift in the way people consume content,” Bill Demas, CEO of Conviva, said in a statement. “This rapidly expanding international audience has created an enormous opportunity for content developers, device manufacturers and advertisers to engage new audiences as the brands and publishers who understand exactly how, when and where people are streaming, will inevitably triumph.”
According to Conviva, there is significant variation in the way consumers in different regions stream on TV screens. In Africa, where TV screens represent 56% of all viewing time, the CanalPlus set-top box was the preferred device, with 54% share of all Q1 screen viewing time. In Asia, Android TV held 49% of all Q1 screen viewing time, while in North America, where TV screens are responsible for 81% of all viewing time, Roku continued to dominate with 37% share. In Europe, screen viewing time was divided relatively equally among devices, while in Oceania, Chromecast ruled with 24% and in South America, Samsung TV held 30% share of TV screen viewing.
Social platforms continue to deliver strong return-on-investment (ROI) for streaming publishers, delivering new audiences and increased engagement. The total number of posts from streaming publishers on Facebook, Instagram, Twitter and YouTube combined grew 99% in Q1 2021 as compared to Q1 2020, with total videos increasing 39% and total engagements increasing 24%. Audience growth across all social platforms, including Facebook, Instagram, Twitter, YouTube and TikTok, grew 61% year over year.