1 INTRO It’s a fact: shoppers love video. We’ve scoured the web for the latest and greatest statistics that the power of video Theprove Marketer’s Summary and visual commerce for online shopping. Use these stats to prove the value of video, compare your results, and reap the benefits! VIDEO STATISTICS: 2015 2 FACT: SHOPPERS VIDEO We’ve scoured the web for all the greatest statistics from last year that prove the power of video and visual commerce for online shopping. Use these stats to prove the value of video, compare your results, and reap the benefits! 3 TABLE OF CONTENTS Video Helps You Sell More 4 More than Video 27 Shoppers Love Video 7 Video Rocks, Now What? 30 About Invodo 31 Retailers Use Video 11 Video is Growing and Growing 14 Video in Social Media 17 Video on Mobile 21 Video in Digital Advertising 24 4 VIDEO HELPS YOU SELL MORE SHOUT IT OUT LOUD – VIDEO WORKS! From happy customers to more sales, video and visual content power e-commerce. http://www.invodo.com/reports/video-commerce-benchmarks-report-2014/ 5 73% OF CONSUMERS ARE MORE LIKELY TO MAKE A PURCHASE AFTER WATCHING VIDEOS THAT EXPLAIN A PRODUCT OR SERVICE. 96% OF SHOPPERS FIND VIDEOS HELPFUL WHEN MAKING PURCHASE DECISIONS ONLINE. http://www.reelseo.com/consumers-purchase-video/ http://www.marketingprofs.com/charts/2014/24650/the-power-of-video-for-businesses-infographic 6 58% OF SHOPPERS CONSIDER COMPANIES THAT PRODUCE VIDEO CONTENT TO BE MORE TRUSTWORTHY. http://www.marketingprofs.com/charts/2014/24650/the-power-of-video-for-businesses-infographic 7 SHOPPERS LOVE VIDEO IF YOU’VE GOT VIDEO, YOU BETTER BELIEVE YOUR SHOPPERS ARE READY TO WATCH. http://www.invodo.com/reports/video-commerce-benchmarks-report-2014/ 8 70% OF E-COMMERCE VIDEO VIEWERS WATCH A VIDEO TO 80% COMPLETION. 59% OF CONSUMERS ARE LIKELY TO WATCH VIDEO ON A COMPANY’S SITE. http://www.invodo.com/reports/video-commerce-benchmarks-report-2014/ http://www.onlinevideo.net/2014/08/consumers-crave-videos-brands-arent-creating-report/ 9 B2B BUYERS NAME VIDEO AMONG THE TOP THREE MOST USEFUL TYPES OF CONTENT FOR MAKING WORK PURCHASES. 1 IN 4 SHOPPERS SAY THEY’VE USED YOUTUBE TO SEARCH FOR A VIDEO RELATED TO A PRODUCT THEY’RE CONSIDERING WHILE IN STORE. http://www.emarketer.com/Article.aspx?R=1011423 http://www.reelseo.com/youtube-shopping-night/ 10 93% OF CONSUMERS FIND VIDEO HELPFUL WHILE COMPARISON SHOPPING… …AND 93% FIND VIDEO HELPFUL FOR INSTRUCTIONS POST-PURCHASE. http://searchenginewatch.com/sew/study/2333878/video-helps-persuade-73-of-people-to-buy-a-product-or-service-survey# 11 RETAILERS USE VIDEO YOUR PEERS ARE USING VIDEO. BY THIS POINT, IT’S NEARLY EVERYWHERE! http://www.e-tailing.com/content/?p=3869 12 WHERE ARE RETAILERS USING VIDEO? 68% ON THEIR WEBSITES 57% ON SOCIAL 54% IN EMAIL 39% IN-STORE http://www.retailtouchpoints.com/features/special-reports/the-next-phase-of-video-marketing 13 74% 92% OF B2C MARKETERS AND OF B2B MARKETERS USE VIDEO IN THEIR MARKETING EFFORTS. 47% OF RETAIL EXECUTIVES NAME VIDEO AS A TOP MARKETING PRIORITY, A TOP 3 TACTIC. http://www.slideshare.net/mprofs/2015-b2-cresearch http://www.retailtouchpoints.com/features/special-reports/the-next-phase-of-video-marketing 14 VIDEO IS GROWING AND GROWING WHEN IT COMES TO BITS AND BYTES, VIDEO TAKES UP A HUGE CHUNK OF INTERNET TRAFFIC. http://www.invodo.com/reports/video-commerce-benchmarks-report-2014/ 15 THE NUMBER OF DIGITAL VIDEO CONSUMERS IN THE U.S. IS EXPECTED TO INCREASE FROM 194.5 MILLION THIS YEAR TO 212.5 MILLION IN 2018. THAT’S NEARLY 2/3 OF THE POPULATION! GLOBALLY, VIDEO WILL REPRESENT 79% OF ALL TRAFFIC BY 2018. http://digiday.com/platforms/adcolonyes-state-video-5-charts/ http://www.cisco.com/c/en/us/solutions/service-provider/visual-networking-index-vni/index.html 16 ONLINE VIDEO VIEWING NOW ALMOST ON PAR WITH TV VIEWING 75% OF PEOPLE WATCH STREAMING VIDEO SEVERAL TIMES A WEEK VS. 77% WATCHING TV. http://www.streamingmedia.com/Articles/ReadArticle.aspx?ArticleID=99158 17 VIDEO IN SOCIAL MEDIA WHEN WE WERE KIDS, WE LEARNED THAT IT’S ALL ABOUT SHARING. WHEN IT COMES TO VIDEO, IT LOOKS LIKE THAT MESSAGE STUCK WITH US. 18 THE MAJORITY OF VIDEO SHARES ARE ON FACEBOOK. 4% 6% 9% 14% 59% http://www.onlinevideo.net/2014/11/natural-born-sharers-video-viewers-love-sharing-finds/ 19 300 HOURS OF VIDEO ARE UPLOADED TO YOUTUBE PER MINUTE. 76% OF CONSUMERS USE FACEBOOK FOR PERSONAL VIDEO SHARING, 52% USE EMAIL, AND 50% USE YOUTUBE. http://www.businessinsider.com/facebook-video-v-youtube-market-share-data-2014-12 http://www.reelseo.com/facebook-video-social-sharing/ 20 323 DAYS OF VIDEO ARE VIEWED EVERY MINUTE ON FACEBOOK. ACCORDING TO TWITTER, VIDEOS AND PHOTOS GET THE MOST RETWEETS. http://www.digitalinformationworld.com/2014/06/what-happens-in-a-facebook-minute-infographic.html http://www.reelseo.com/video-retweets 21 VIDEO ON MOBILE EVEN WHEN THEY’RE ON THE GO, SHOPPERS TURN TO VIDEO. http://www.emarketer.com/Article.aspx?R=1011298 22 SMARTPHONES AND TABLETS ACCOUNT FOR 26% OF ALL ONLINE VIDEO VIEWING. FOR COMMERCE, SMARTPHONES AND TABLETS ACCOUNT FOR 38% OF ALL VIDEO VIEWING. MOBILE VIDEO TRAFFIC WILL GROW 14X BY 2018. http://www.reelseo.com/video-views-jump-43-per-cent/ http://www.invodo.com/reports/video-commerce-benchmarks-report-2014/ http://www.mediapost.com/publications/article/219586/mobile-video-to-grow14-times-by-2018.html 23 77% OF ALL TABLET USERS WATCH VIDEO ON THEIR DEVICES AT LEAST ONCE A MONTH. THIS WILL INCREASE TO 87% IN 2018. VIDEO VIEWING ON SMARTPHONES, COMPUTERS, AND TABLETS PEAKS BETWEEN 12-5 PM. http://www.emarketer.com/newsroom/index.php/tablet-video/ http://think.storage.googleapis.com/docs/youtube-insights-stats-data-trends-vol5_research-studies.pdf 24 VIDEO IN DIGITAL ADVERTISING WANT TO CAPTURE ATTENTION WITH ONLINE ADVERTISING? VIDEO’S WHERE YOU SHOULD LOOK. 25 WHEN IT CAME TO ENGAGEMENT RATE, RICH MEDIA ADS HIT 16.85%, COMPARED WITH 2.14% FOR STANDARD BANNERS AND 1.62% FOR MOBILE. VIDEO DISPLAY ONLINE ADVERTISING SPEND WILL INCREASE 39.5% THIS YEAR. http://www.emarketer.com/article.aspx?R=1011282 http://www.emarketer.com/Article/How-Will-2013rsquos-Digital-Display-Trends-Converge-2014/1010613 26 1 IN 10 MOBILE ADS DELIVERED IN THE UNITED STATES ARE VIDEOS. https://econsultancy.com/blog/65658-nine-online-marketing-statistics-we-ve-seen-this-week 27 MORE THAN VIDEO WHAT’S BEYOND VIDEO? VISUAL COMMERCE! HERE’S WHY VISUAL, INTERACTIVE CONTENT WILL TAKE E-COMMERCE TO THE NEXT LEVEL. THE BRAIN PROCESSES VISUALS 60,000 X FASTER THAN TEXT http://www.boston.com/business/blogs/global-business-hub/2014/03/the_power_of_vi.html 28 PEOPLE REMEMBER 10% OF WHAT THEY HEAR & 20% OF WHAT THEY READ, BUT 80% OF WHAT THEY SEE & DO. 92.6% OF SHOPPERS SAY VISUALS ARE THE TOP INFLUENTIAL FACTOR AFFECTING PURCHASE DECISIONS. http://www.hp.com/large/ipg/assets/bus-solutions/power-of-visual-communication.pdf http://www.marketingprofs.com/chirp/2014/25578/consumer-psychology-and-the-ecommerce-checkout-infographic 29 42% OF SHOPPERS WOULD LIKE TO SEE MORE PRODUCT DESCRIPTION/ SERVICE DEMONSTRATION VIDEOS, SUCH AS 360 DEGREE VIEWS OF PRODUCTS. http://www.marketingprofs.com/charts/2014/24650/the-power-of-video-for-businesses-infographic 30 VIDEO ROCKS. NOW WHAT? VIDEO COMMERCE BENCHMARKS REPORT: 2014 YEAR IN REVIEW SO IT’S PRETTY CLEAR THAT VIDEO IS A BIG DEAL. READY TO DIVE IN DEEPER AND MAKE YOUR VIDEO AND VISUAL CONTENT DO MORE FOR YOU? SCALING YOUR VIDEO PROGRAM: 3 METRICS THAT HELP YOU PROVE VIDEO ROI JUST CLICK AND CHECK THESE OUT THE MARKETER’S GUIDE TO VIDEO SEO: THE UNTAPPED VIDEO SEO OPPORTUNITY 30 31 ABOUT INVODO At Invodo, we believe in showing not telling. So we help our clients create rich, interactive, visual experiences by combining the right blend of vision, creative content, and technology. The result is measureable customer engagement before and after a sale. Learn more about getting visual at www.invodo.com. (512) 279-4800 www.invodo.com [email protected] facebook.com/invodo twitter.com/invodo linkedin.com/company/invodo
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