Published August 28th, 2017
The number of homes where Roku devices are used is increasing as it becomes a more popular way to consume TV programming as per a new report from Parks Associates.
New consumer research from Parks Associates (http://www.parksassociates.com/) reveals Roku (www.roku.com) is increasing its lead in the streaming media player landscape. As of Q1 2017, 37% of streaming media players owned by U.S. broadband households are Roku devices, up from one-third in Q1 2016. The firm’s latest industry report Reinventing CE: Transforming Devices to Service Platforms shows this increase in share of installed base puts Roku further ahead of its main competitors Amazon, Google, and Apple.
“Roku emerged early as a U.S. market leader for streaming media players, and the company has held firmly to that position,” said Glenn Hower (http://www.parksassociates.com/staff/glenn-hower), Senior Analyst, Parks Associates. “Higher-priced devices, such as the Apple TV, have not been able to keep up with low-priced and readily available Roku devices, which can be found at Walmart for as low as $29.99.”
According to Parks Associates (http://www.parksassociates.com/), of the other major players in this market, only Amazon’s Fire TV had an increase in its share of installed base during the same timeframe. Amazon increased its share from 16% to 24% of streaming media players owned by U.S. broadband households, which moved the e-tailer ahead of Google for second place in streaming media player adoption. Google’s Chromecast now holds an 18% share of installed base, while Apple’s share fell to 15%.
“One-third of U.S. broadband households own a streaming media player,” Hower said. “The growth of the U.S. OTT market provided consumers with unprecedented ease of access to video content. These streaming media devices make for quick and easy access to the top OTT libraries.”
Reinventing CE: Transforming Devices to Service Platforms (http://www.parksassociates.com/report/reinventing-ce) examines how the CE industry has migrated from producing and distributing hardware to distributing OTT content and leveraging advertising models. It discusses the impact of the shift on the industry as well as industry progress in benefiting from the new business models. It also assesses the transition from hardware to software as more content is streamed from the cloud and the impact on CE devices such as streaming media players and gaming consoles.
Roku to speak at Nordic TV Summit in Copenhagen, September 28th 2017
Mark Hollett, Director, Business Development EMEA, Pay TV at Roku will be speaking at the annual Nordic TV Summit in Copenhagen on September 28th sharing his insight in the world of streaming devices and the future of devices in the multiscreen battleground.
Nordic TV Summit offers a unique opportunity for high- and mid-level TV executives to efficiently tackle big issues facing this industry—all while sharing information and learning from each others’ real world experiences as the OTT and TV business transforms before our eyes.
Join us (https://www.nordictvsummit.com/sign-up) for this must-attend event that brings together TV distributors, programmers and vendors to discuss the latest trends and challenges surrounding the TV business. More information on www.nordictvsummit.com
Additional research the report (http://www.parksassociates.com/report/reinventing-ce) shows:
Source: Parks Associate
May 03, 2017
Mar 13, 2019
Parks Associates research has found that OTT video services have transitioned back into the home's living room, with a majority (52%) of U.S. broadband households now watching online video on a TV that is connected to the internet.
Its report, 360 View: Digital Media and Connected Consumers, also found that watching TV or films at home is the most popular leisure activity among US broadband households, with 55% selecting this among their top two favourite leisure activities.
"While the total number of hours consuming videos has declined, consumers are watching more internet video on the largest screen available," said Billy Nayden, research analyst, Parks Associates. "The number of hours consumers report watching video on a TV increased for the first time since 2014, with connected devices enabling internet video services on TV and shifting consumers away from PC and mobile viewing. As OTT competition becomes a battle for the living room, the challenge for device makers and content producers is finding the correct product mix to maximise both profit and utility."
The report also found that subscriptions are the dominant business model for OTT services. As more services emerge, many stakeholders fear an impending subscription overload in US households.
"As consumers' taste for OTT experimentation wanes, they will start to resist the push to add another monthly subscription to their households," Nayden said. "Many providers are starting to lead with freemium and ad-based models, in anticipation of this pushback."
Parks Associates also found that 19% of consumers subscribe to either Netflix, Hulu, or Amazon Prime Video and another OTT service, compared to 13% in 2017; and overall, consumers watched 25.7 hours of video per week in 2018, down from 29.5 hours per week in 2016.
Source: Rapid TV News & Parks Associate
Apr 04, 2017