If a picture is worth a thousand words, then a video is worth ten times that. Modern audiences are intensely visual. It’s not surprising, then, that the streaming video market has grown positively titanic over the past few years. Per research aggregator Statista, digital advertising revenue is expected to top $11 billion by next year.
On the video streaming front, meanwhile, marketing agency Allied Market Research reports that the video streaming market will reach $149.3 billion by 2026. With the massive shift towards digital and the upturn in streaming due to the coronavirus — news publication.
Variety reports a significant increase in video streaming subscriptions — the prominence of video will only increase. From a marketing perspective, this means that there’s a great deal of value in video, provided you can leverage it effectively.
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