Video Marketing Statistics: What You Must Know (2018)


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Are you wondering whether it’s worth investing more in video marketing? In this article, we’ll share some key video marketing statistics that prove that now’s the right time to make your first marketing video.

We’ll also highlight some of the benefits of video marketing and current and future video trends. By the end, not only will you understand the numbers behind the online video market, but you’ll have a pretty good idea where to focus your efforts.

Before we dive into the stats, let’s take a quick look at some of the types of video you can create to market your business. One of the most common is the explainer video, which is a short video explaining your products or services. You’ll often see explainer videos on the home page of a website, or on a product or landing page.

Other types of video content marketing include:

  • Vlogs (video blogs)
  • Video interviews
  • Tutorial videos
  • Videos of presentations
  • Product demos and reviews
  • Video testimonials
  • Recordings of live streams
  • Video ads

Now, let’s get to the data on video marketing. We’ve focused on the latest stats, published in the last year or so to keep your video marketing strategy up to the minute.


Recommended Resource:

For even more data, see our ultimate roundup of

Fascinating Content Marketing Statistics To Make You A Marketing Genius

!

The ROI of Video Marketing

Is video marketing really worth it? Three different sets of research think it is. In

Understanding the Expanding Benefits of Marketing with Video

, Aberdeen Group says:

  • Video marketers get

    66% more qualified leads

    per year.
  • Video marketers achieve a

    54% increase in brand awareness

    .

Animoto’s

Social Video Forecast

suggests that 76.5% of marketers and small business owners are getting results with video marketing.

roi of video marketing statistics

And Wyzowl’s

2017 State of Video Marketing

survey shows that:


  • 83% of those using video think it gives them a good ROI

    ; 82% think it’s a key part of their strategy.
  • Of those that aren’t using video,

    73% have bought a product

    after watching a video.
  • 97% of businesses using explainer videos say it helps users understand their business better.
  • 94% of businesses see video as an effective tool.
  • Among those surveyed,

    81% saw an increase in sales

    and 53% said support calls were reduced.


Key takeaway

: There’s no need to wonder about the benefits of video marketing for business. It’s definitely worth it, and you don’t have to take video marketers’ word for it, either.

Here are two examples that show the power of video marketing.

Tiger Fitness

says video marketing has helped them achieve a

60% returning customer rate

, which is three times the norm for their industry. And SAP got

9m impressions

with a

video-heavy content marketing

campaign.

Who’s Using Video Marketing

Another issue is how widespread video marketing is. These video marketing statistics suggest a lot of people are using it.  Aberdeen Group says

41% of marketers use video

as a strategy.

Other research puts the figure even higher. According to Animoto, 55% of small and medium sized business owners have produced or outsourced video production in the last 12 months. And Wyzowl says

63% of businesses use video for marketing

.

using video marketing

The Content Marketing Institute’s findings are similar. Both its

B2B

and

B2C

research for 2017 show that:


  • 60% of both B2B and B2C marketers use video for marketing

    .
  • 30% of B2B marketers say video will be key to

    content marketing success

    .
  • 34% of B2C marketers say it will be crucial to success

    .


Social Media Examiner

has similar findings. Its research shows that in 2016, 60% of marketers used video; 73% plan on using it more this year. In addition,

14% of marketers used live video

in 2016.


Key takeaway

: Around two-thirds of marketers are using videos for marketing; you can’t afford to be left out.

Consumers and Online Video

So, how do consumers respond to video marketing? The online video stats show that they love it.

Hubspot’s research

shows that

45% of people watch an hour or more of video per day.

According to

Google

,

half of 18-34s would stop what they’re doing to watch a new video

by their favorite YouTube creator.

Google adds that

40% of millennials trust YouTube

for content; and 60% say videos they’ve watched have changed their world view.

online video statistics 2017

Video’s also an important part of the shopping experience:

  • Almost

    50% of web users look for a video before visiting a store

    , says Google.
  • Wyzowl says that

    79% of consumers prefer watching video

    to reading about a product.
  • And Hubspot says that 43% of consumers want to see more video content this year.

Wyzowl has more data about consumer preferences:


  • 84% of consumers have bought something after watching a video

    .
  • 91% of consumers have watched an explainer video.

However, it’s important to get the tone right. Wyzowl says 75% of consumers have not bought a product because the voiceover annoyed them. In fact, 83% prefer an informal and chatty tone.

Length matters, too, in video marketing. According to Wyzowl, 50% of consumers believe

the right length for an explainer video is 1 minute

.


Wistia’s research

shows that videos up to 2 minutes long hold viewers’ attention; then there’s a drop off. Attention picks up again for videos between 6 and 12 minutes long.

If you’re running video ads, they’d better be stellar. According to

Mary Meeker’s 2016 Internet Trends

report, 81% of consumers mute video ads. And

Digiday

says that

85% of Facebook video is watched without the sound

turned on.


Key takeaway

: Consumers love video, but you’ve got to make it good and keep it short. Consider using a

video popup

the next time you

create an optin

.

Mobile Video Marketing

Mobile marketing is all the rage, so most recent research has also paid attention to mobile video marketing.

According to IAB

, marketers

increased their spending on mobile and digital video ads by 95%

between 2014 and 2016.

mobile video marketing statistics

Even though Wyzowl found that 60% of people prefer watching videos on desktop computers, research from others suggests that mobile devices rule:


  • According to YouTube

    , more than half of all YouTube video consumption is via mobile devices.

  • comScore says

    users spend

    40 minutes a day, on average, watching YouTube

    on mobile devices.
  • Wyzowl says 90% of consumers watch videos on their mobile devices.
  • And

    Twitter says


    90% of Twitter video views happen on mobile

    .


Key takeaway

: Make no mistake; the future is mobile.

Social Video Marketing

Lately, it seems like video – especially live video – is becoming a part of every

social media

site. And it looks like social media users are responding:

  • Mary Meeker’s 2016 Internet Trends report reveals that

    Facebook gets 8 billion video views daily

    .
  • If you think that’s a lot, then you’ll be blown away by

    Snapchat’s 10 billion daily video views

    .

social video marketing

Video content gets attention; that’s for sure:

  • Twitter says video on Twitter is

    6x as likely to be retweeted

    as photos.
  • DOMO’s

    Data Never Sleeps

    infographic shows that YouTube users share

    400 hours of new video a minute

    .
  • Meanwhile, DOMO says Snapchat users watch

    6.94m videos a minute

    .

While Facebook is one of the main places where small businesses and professional marketers share video content, it’s not the only important social video network. According to Animoto, 53.4% of marketers see Instagram videos as important.

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But with more than 1 billion users,

YouTube

packs a powerful punch. The site has

more viewers among 18-49s than any US cable network

.

That’s why it’s no surprise that Animoto’s research reveals that 26.4% of professional marketers and 18.5% of small and medium sized business owners say YouTube will be their main video sharing platform in the next year.


Key takeaway

: These video marketing statistics show that as long as we have social media, we’ll likely have social video, too.

Video Marketing Trends for 2018 and Beyond

Our research into video marketing statistics suggest that video will be a great way to

grow your network

and customer base, not just this year, but in the future.

One staggering statistic comes from

Cisco

: By 2020, there will be almost

a million minutes of video per second

crossing the internet. Cisco adds that, by then,

82% of all consumer web traffic will be video

.

video marketing trends

Marketers don’t plan to be left behind:

  • According to

    We are Social

    , 70% of marketers plan to use video marketing this year.
  • Wyzowl says

    82% plan to spend more

    on video.

There is a challenge, though. According to

Ascend2’s State of Content Marketing

report,

64% of marketers see video as the most difficult content to create

.

Live video is the latest trend, and Social Media Examiner says

50% of marketers plan to use live video

this year. However, not all marketers are confident about doing so; the same percentage want to learn more about live video.

It’s likely worth their time, though.

Facebook says

its

users spend 3x longer watching live video

than video that’s no longer live.


Key takeaway

: Video marketing continues to evolve. It’s time to start using video so you can keep up.

These video marketing statistics show the importance of video marketing for your business, both now and in the future.


Recommended Resource:

Ready to get started creating your own videos? Check out our roundup of the

51 Best Free Visual Content Creation Tools To Make Marketing Easy

!

If you’re going to use video more in your marketing, consider learning

how to add an optin to your video

, and see our list of

video creation tools

. And don’t forget to

follow us on Twitter

and

Facebook

for more useful guides.


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Sharon Hurley Hall has been a professional writer for more than 25 years, and is certified in content marketing and email marketing. Her career has included stints as a journalist, blogger, university lecturer, and ghost writer.

This is is a syndicated post. Read the original at optinmonster.com

   

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