
Now more than ever, consumers want content at their fingertips and they can obtain it across multiple screen platforms whether it’s by a television, computer, tablet or mobile phone.
The use of non-screen media has declined by 22% since 2008 while television, computer internet and mobile have increased by one hour and twenty minutes during the same time frame.
Consumers have also become more efficient in multitasking since they can retrieve information various ways. About 40% of consumers use their smart phones or tablets while watching TV.
Video advertisers in the past had only one screen to target: the television. However, the rise of computers and mobile devices has boosted video viewing consumption across devices.
Yet, while the TV is no longer the sole video option for consumers, no single alternative has replaced television as the clear top choice for media consumption. According to a new report from ad network YuMe, 49 percent of all media consumption still comes from a television, 16 percent from the internet.
In addition, the report found that the average American owns close to four devices, and total figures show that there are more than 37 million tablets, more than 86 million PCs and close to 287 million TV sets owned in the United States.
So while the television is still the dominant media consumption option for many Americans, the proliferation of internet-enabled devices has cut into TV’s lead. As a result, consumers see video ads more than ever, which can make one spot appearing on only a TV or a computer less effective. YuMe’s report found that TV ads were only recalled about 27 percent of the time. In comparison internet video ads were remembered 43 percent of the time and mobile video ads had a 35 percent recall rate.
While the proliferation of smartphones, tablets and PCs may seem like it would hurt brands, but the key, is to think outside of traditional siloed efforts and focus on a new approach that reaches consumers across screens.
While TV is still the dominant platform for video, we are rapidly moving from a 100m+ household TV market to a billion+ screen based market. Now is the time for marketers to start thinking differently.