BENGALURU: In what could be an indication of the growing appetite for digital content in India, more than half of video streaming customers have signed up for two or more services in the country, shows a new study. The study by market research firm Unomer is based on data generated from in app surveys from over six million smartphone users between May 1 and May 25.
Unomer analysed around 17 video streaming services in the country, which includes both ad supported and paid streaming services.
MX Player<\/a>, which debuted its ad supported video streaming feature in February this year, racked up the most loyal customers, with 21% solely using the platform, followed by Amazon Prime Video with 15.1% users and Netflix<\/a> with 14.45% users.
MX Player is owned by the Times Group<\/a>, which owns this site.
Last year, Times Internet<\/a> acquired MX Player, a South Korean video playback app, to get a foothold in the Over the Top (OTT) segment. In February, MX Player forayed into original content with an initial slate of five original series and plans to launch close to 25 shows over the next year. At the time, the app claimed to have over 175 million monthly active users and 70 million daily active users.
Karan Bedi, CEO, MX Player, said: “We are very happy to have built up the most loyal OTT base in India in such a short period of time. We have been able to combine a premium ad-led model with a vast and diverse content library that will appeal to the wider Indian consumer, whose habits and interests don’t necessarily correlate with the global and Englishspeaking audience”. “We provide a one-stop shop for our consumers, with the highest proportion of single OTT app usage,” he said.
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BENGALURU: In what could be an indication of the growing appetite for digital content in India, more than half of video streaming customers have signed up for two or more services in the country, shows a new study. The study by market research firm Unomer is based on data generated from in app surveys from over six million smartphone users between May 1 and May 25.
Unomer analysed around 17 video streaming services in the country, which includes both ad supported and paid streaming services.
MX Player<\/a>, which debuted its ad supported video streaming feature in February this year, racked up the most loyal customers, with 21% solely using the platform, followed by Amazon Prime Video with 15.1% users and Netflix<\/a> with 14.45% users.
MX Player is owned by the Times Group<\/a>, which owns this site.
Last year, Times Internet<\/a> acquired MX Player, a South Korean video playback app, to get a foothold in the Over the Top (OTT) segment. In February, MX Player forayed into original content with an initial slate of five original series and plans to launch close to 25 shows over the next year. At the time, the app claimed to have over 175 million monthly active users and 70 million daily active users.
Karan Bedi, CEO, MX Player, said: “We are very happy to have built up the most loyal OTT base in India in such a short period of time. We have been able to combine a premium ad-led model with a vast and diverse content library that will appeal to the wider Indian consumer, whose habits and interests don’t necessarily correlate with the global and Englishspeaking audience”. “We provide a one-stop shop for our consumers, with the highest proportion of single OTT app usage,” he said.
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Star India<\/a>'s Hotstar<\/a> tops the survey with a 48.6% share of the video streaming audience, followed by MX Player which garnered a 42.4% share. Reliance Jio<\/a> TV cornered 29.65%.
“Video has emerged as a category where we are seeing a large number of players that can co-exist and each player can create a market for itself, unlike other sectors like ecommerce and social media,” said Unomer cofounder Vinay Bapna.
In terms of geographies, video streaming platforms have seen similar contribution from both large metros and smaller cities. Bengaluru leads in terms of video streaming adoption, with 40.1% of the customers signing up for three or more services, while Patna saw about 36.45% of customers signing up for the same number of services, as per the study.
Bapna attributed this trend to the availability of affordable smartphones and falling mobile internet rates. “There are now no barriers between a large city and a small town in terms of languages, Internet access or smartphones, due to which we are seeing small towns consume content in the same way as large cities,” he said.
The price range of mobile devices has also played a key role in the adoption of video streaming services, with users on costlier smartphones signing up for more services.
About 43% of users on smartphones priced above Rs 20,000 signed up for three or more services, compared to only 27.62% on smartphones priced below Rs 5,000 and 14.6% on smartphones priced between Rs 7,501 and Rs 10,000.
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