Frost & Sullivan: A record year for the online video advertising market; grows by 58%

Frost & Sullivan: A record year for the online video advertising market; grows by 58% PR Newswire SYDNEY, Nov. 5 2012 - The proliferation of mobile devices a key growth factor SYDNEY, Nov. 5 2012 /PRNewswire/ -- The rapid proliferation of mobile devices and insatiable demand by younger consumers has driven further demand for online video among Australians and led to a record year of growth in the online video advertising market, according to the latest Frost & Sullivan report into the market. An overwhelming majority (94%) of 15 to 17 year olds now watch TV shows and/or movies at least once a month on a desktop / laptop. Smartphones and tablets are playing a key role in the delivery of online video with two-thirds of smartphone users watching short video clips on average at least once a month. The rise of mobile devices is also leading to much higher levels of multi-tasking across different devices and platforms with social media being a key facilitator of this experience. These are among the findings in Frost & Sullivan's latest report of The Online Video Market in Australia, written in association with TVN. The report draws from Frost & Sullivan's inaugural Australian Online Video Usage Trends Survey conducted in May 2012, examining the online video consumption behavior of 1,000 Australians between the ages of 15 and 65.