Cantaloupe has got its
hands in something big: Internet video marketing. Of the 150 million Internet users, about 85 million are
viewing video online at this point in time. The future
of online video may seem mystifying, but if one thing's for sure, it’s not going away.
Online video spending was
at $225 million in 2005 and then $640 million in 2007 (these numbers include video advertising dollars, digital media production costs, and online media firm fees, etc.). eMarketer projects that by 2009
spending will reach $1.5 billion. With the increasing popularity of this entertainment medium there's good reason to expect that kind of growth.
According to a study by F.N. Magid Associates for Online Publishers Association: - 5% of consumers view online video daily - 24% view it at least once a week - 46% view it at least once a month
Marketers want web video because it engages viewers. Viewers want it because it’s engaging (and entertaining). Online users watch many forms of video, but news video ranks highest in popularity (except with younger viewers), and humorous videos came in second place (probably because these videos are most likely to be shared with others). According to the study conducted by Pew Internet & American Life titled "Online Video," professional videos are preferred among viewers over amateur content. Thankfully Cantaloupe can help you out in the area of professionalism. That's not to say if you really want amateur-style video we wouldn't do it though...
The more popular and
available online video becomes, the more people will view it. Google and Yahoo already have video
search options making it easier for people to find video on websites. Strides like this will only amplify
viewer numbers.
Since the emergence of Internet video marketing, companies have looked for more and more ways to incorporate video into their own marketing plan. We all know
people don’t want to read through a bunch of mumbo jumbo to figure out
what you/your product/your business is all about. Just show them.
Through video. It can be fun, entertaining, informative, and chock full of your wonderful marketing messages (but not blatantly full of them of course). Soon there will be a day when people expect video. Might as well start giving it to them now.
