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Parks Associates Announces New Consumer Segmentation Research Based on Multiscreen Video Viewing Habits

New Research Shows Three Types of Consumers Watch the Most Mobile Video Content -- Travelers, Avid Viewers, and Multiscreeners

DALLAS,TX -- (Marketwired) -- 06/26/14 -- Parks Associates today announced new consumer research and analysis showing three out of seven unique consumer segments account for the majority of mobile video viewing, averaging 9 hours per week on a smartphone or tablet compared to less than 15 minutes per week for the remaining four segments. The average among all U.S. broadband households is 2.9 hours per week, and these three groups represent less than one-third of all homes.

360 View: Entertainment Services in U.S. Broadband Households, with research from a 1Q 2014 consumer survey of 10,000 U.S. broadband households, identifies these three segments as Travelers, Avid Viewers, and Multiscreeners. They are three of seven total segments the research firm identified based on consumers' video viewing habits across screens, including TVs, computers, and mobile devices. These three segments also have high percentages of younger consumers, with roughly 50% from each segment ages 18-34, but there are notable differences among them, especially in pay-TV subscriptions.

"Many in the industry often refer to young consumers as a single group, yet our research clearly shows that there are multiple groups of young consumers," said Brett Sappington, director, research, Parks Associates. "Multiscreeners are most likely to be cord cutters. Only 76% subscribe to a pay-TV service, compared to 87% of Travelers and 93% of Avid Viewers. Ultimately, each segment has unique characteristics, viewing habits, and spending patterns."

These three segments account for 31% of U.S. broadband households. Highlights of the three consumer groups include:

Travelers

  • Strong affinity for mobile services, devices, and viewing
  • Above-average quantity of video viewing on mobile devices
  • 87% subscribe to a pay-TV service

Avid Viewers

  • Prefer watching video on all platforms and watch over 80 hours of video per week
  • Spend far more than any other segment on video and video-related services
  • 93% subscribe to a pay-TV service

Multiscreeners

  • Only 76% subscribe to a pay-TV service
  • 70% subscribe to an OTT service
  • Only watch 8 hours of video on the TV per week, compared to 20 hours per week for Travelers and 40+ hours per week by Avid Viewers
  • Watch 22 hours of video per week on Internet-connected devices
  • Believe that online video is just as good as pay TV

"The viewing population is as diverse as the market, and each segment requires a unique strategy," Sappington said. "The video industry will need to market products and services to each group in different ways. Even Multiscreeners, who have a higher incidence of cord cutters, spend an average of over $57 per month on 'incremental' video, physical media, downloads, pay-TV VOD, pay-per-view, movie tickets, and OTT services."

Parks Associates designed the seven key consumer groups in multiscreen video to help service providers, content producers, and CE makers refine service offerings and product features to appeal to particular groups of consumers. 360 View: Entertainment Services in U.S. Broadband Households also includes an evaluation into the impact of broadband subscriptions on the selection of video provider and provides insight into new opportunities for video service providers. The other four segments include:

  • Rooted Viewers - Heavy consumers of content on television and computers
  • Traditionalists - Television is their favorite, but not only, platform for viewing video
  • Purists - Watch programs exclusively on TVs
  • Light Users - Marginal consumption on all platforms

More information about 360 View: Entertainment Services in U.S. Broadband Households is available at www.parksassociates.com/segments. Media requests for specific research or analyst interviews should be directed to Holly Sprague at [email protected] or 720-987-6614.

About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, and Smart Energy Summit: Engaging the Consumer. http://www.parksassociates.com

Parks Associates will discuss the connected health market at Connected Health Summit: Engaging Consumers, September 4-5, in San Diego, which features keynotes from Qualcomm Life, Walgreens, Kaiser, Humana Wellness, and Ascension Health.

Parks Associates will discuss tech support, the Internet of Things, and the connected home at the upcoming CONNECTIONS™ Europe: Monetizing Strategies for the Connected Home, 18-19 November 2014, Amsterdam.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2626697

Holly Sprague
Parks Associates
720.987.6614
[email protected]

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