Published February 21st, 2018
The overall US video and Pay-TV market continues its healthy overall growth and is set to reach $140 billion by the end of 2018, according to Futuresource Consulting.
Whilst the US is a global leader in digital adoption, it continues to have a well-balanced market overall, with an array of formats, platforms, services and business models that is unsurpassed globally.
2017 was characterized by many notable announcements and initiatives in the video and related media space; the introduction of Movies Anywhere increased the availability of 4K UHD content and renewed discussion surrounding digital movie release dates provide an intriguing backdrop for the market in 2018.
In addition, the renewed push on direct-to consumer-services, media industry acquisitions and consolidation and regularity impact (e.g. Net Neutrality), will ensure that the landscape in 2018 will continue to evolve.
Pay-TV, largely through increased ARPU rather than subscriber growth, is contributing the most to overall growth in wider video consumer spend, SVoD continues to provide an increasingly significant contribution.
“The SVoD culture continues to strengthen, Futuresource estimates that there are now 125 million SVoD subscriptions in the USA,” said David Sidebottom, Principal Analyst at Futuresource Consulting.
Although, consumer spending is still just 10% of the total Pay-TV market. Further growth is expected in 2018, driven by continued steady growth in established services and the quick expansion of a plethora of less established services, with platforms such as Amazon Channels helping drive this momentum.
The Pay-TV sector remains immense at over $100 billion in 2017, although it remains challenged. The much-discussed cord-cutting phenomenon has been apparent in 2017 to a small extent, with subscriptions expected to fall by 1% once more in 2018. In the midst of cord-cutting, key Multiple-Service Operators (MSOs) in the market have developed Pay-TV lite services, combining the extended reach of SVoD with the scheduled component of Pay-TV.
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More Americans are using more devices, regardless of age. Which age group is most keen on what varies and could have a profound effect on the future of devices.
In general, smartphones are the most pervasive technology measured among all age groups, according to new data from measurement company Nielsen, which tracks American households that have TVs.
Seventy-three percent of people aged 2 to 20, known as Generation Z, have video game consoles, 7 percentage points more than the next-most-likely gamers, millennials. Generation Z is also fondest of tablets, with 78 percent having one in their homes. But as Gen Z is still so young, it’s possible they’ll lessen their video game and tablet habits as they grow up. People between 2 and 20 account for 26 percent of Americans and is the most racially diverse age group.
Millennials (age 21-37) are the most likely to have access to video-on-demand services like Netflix. Relatedly, they’re most likely to own multimedia devices — technology like Chromecast or Apple TV that streams online content onto TVs.
PCs are most popular among Generation X (age 38-52), 85 percent of whom have one in their homes.
The only device measured that saw substantial declines among all age groups was, unsurprisingly, DVD players. Still, DVD players are available in 62 percent (millennials) to 81 percent (boomers, age 53-70) of households.
Smart TVs and multimedia devices are the least pervasive gadgets among all age groups, but they’re still relatively new. They also have very high growth rates (24 percent to 31 percent year over year).