Have you ever scrolled through Facebook or Instagram and felt like all you see are videos? You're not wrong! A recent study by eMarketer found that Meta is taking up an increasingly bigger chunk of the time U.S. adults spend watching social videos.
The Rise of Meta in Social Video Consumption
By 2025, Meta is expected to account for nearly 60% of the total time U.S. adults spend watching social video. That's a jump from 38.7% in just a few years! On average, people are spending more time watching social videos too. In 2024, it's expected to be over 40 minutes a day, and that number is only expected to grow.[JA2] Social video will account for 10% of all US time spent with media in 2024, indicating a massive shift in where and how people consume video content.
Why Meta Leads in Social Video
So why is Meta dominating the social video world? Part of the large increase can be attributed to the overall number of active users globally. Think about how many times you've logged into Facebook or Instagram. With billions of users worldwide, Meta has a massive audience for its video content.
Meta has been heavily investing in creator content on both Facebook and Instagram, as well as updating their feeds to increase the amount of content users see that is not originating from their friends. Social video is a highly engaging format. People are more likely to watch a video than read a text post or look at a photo. This makes social video a valuable tool for marketers and advertisers, who are increasingly using it to reach their target audiences.
Benefits of Social Video Marketing
- Higher Engagement Rates: Videos can generate more comments, likes, and shares compared to other types of content, fostering a sense of community and interaction.
- Increased Brand Awareness: Well-crafted videos can significantly boost brand recognition and recall.
- Enhanced SEO: Video content can improve your website’s SEO ranking, making it more likely to appear in search results.
- Versatile Content Format: Videos can be repurposed across multiple platforms and formats, maximizing the reach and impact of your content.
- Better Customer Retention: Engaging video content can keep your audience interested and returning for more, improving customer loyalty.
What are the Implications of Social Video Marketing for Businesses?
The rise of social video has implications for both consumers and businesses. For consumers, it means that there is more video content available to watch than ever before. This can be a great way to stay up to date on current events, learn new things, and be entertained.
For advertisers, the rise of social video presents a great opportunity to reach new customers and grow their brands. However, this rise can also mean it is more difficult to stand out in an oversaturated market. That is why it is important to create high-quality social video content that is engaging and informative as well as platform specific.
Tips for Effective Social Video Advertising
- For businesses that want to use social video to reach their target audiences, consider the following tips:
- Keep your videos short and to the point. People are more likely to watch a short video all the way through than a long one.
- Use high-quality visuals and audio. Your videos should be professional-looking and easy to understand.
- Make sure your videos are relevant to your target audience. People are more likely to watch a video that is interesting to them.
- Use a call to action. Tell people what you want them to do after watching your video.
The rise of social video presents a great opportunity for businesses of all sizes to connect with their target audience and achieve their marketing goals. So, get out there and start filming! Embrace the power of social video and see how it can transform your marketing strategy.