|By PR Newswire||
|April 9, 2014 11:32 AM EDT||
LONDON, April 9, 2014 /PRNewswire/ --
Overall video entertainment spend in the UK is expected to reach £10 billion by 2018, averaging 2% annual growth between 2014 and 2018. Pay-TV and subscription VoD services will be the key drivers, with transactional digital video showing moderate growth. Box office remains steady though packaged video is set to lose £1 billion in consumer spend between 2013 and 2018, according to the latest research from Futuresource Consulting.
"The UK video market has undergone significant change in the last two years, driven by increasing digital service choice, significantly improved infrastructure and connected device uptake, says David Sidebottom, Senior Market Analyst at Futuresource Consulting. "As the evolving retailer and service provider offerings continually shape consumer behaviour, the UK is becoming one of the most dynamic digital video sectors globally."
Total consumer spend on video in the UK grew by 4% in 2013, to exceed £9 billion, with a further 3% growth expected in 2014. Digital video service penetration is driving this growth, both from the increased on-demand capability of Pay-TV operators and growth in subscription video on demand (SVoD) services. Sky recently announced that it will be ramping up its on-demand service with plans to sell digital copies of the latest movie releases, to keep, and also send a DVD in the post as part of the same service.
"Sky continues to evolve and provide increased consumer viewing choices in the wake of increasing competition from other Pay-TV providers and newer SVoD services, as it continues to convert its near 10 million to on-demand users," says Sidebottom.
The UK remains one of the most dynamic Pay-TV markets in the world, maintaining both a strong free-to-air offering and competitive Pay-TV environment. Pay-TV homes reached 57% penetration in 2013 and at over £33 per month, ARPU is one of the highest in the world, driven by sports and an impressive choice of content and viewing options on the leading services.
Overall home video growth remained flat in 2013 at just over £2 billion, with online SVoD services the key reason for this improved performance. SVoD service growth of 166% more than offset the 7% decline in packaged sell-through, although the moderate growth in transactional digital video struggled to offset the considerable decline in packaged rental.
"Experiencing a 9% decline in retail value in 2013, the overall UK packaged video market performed better than most European countries, with performance more in line with the USA," says Sidebottom. "At almost £1.6 billion, the UK remained the third largest packaged video market in the world and the largest in Europe, although this title could be challenged by Germany in 2014."
Focusing on the digital video segment, the overall UK digital video market grew by 47% in 2013, to reach almost £450 million, driven largely by the continued momentum of online SVOD subscriber growth which will help the overall digital sector exceed £1 billion in 2017.
The growth in SVoD is largely due to the success of Netflix, which continues to gain momentum and increase its profile.
"Netflix has established itself as the leading player in the UK SVoD sector, primarily due to strong TV franchises and wide availability. But with the launch of Amazon Prime Instant Video, integrating Lovefilm and effectively replicating Amazon's US video strategy, combined with the newer movie focus of Sky's Now TV, the consumers choice of premium video viewing has never been greater, which in turn is driving industry revenues."
This 38-page report provides detailed market data from 2012 with forecasts to 2018, covering the following key coverage areas: Packaged Home Video, Pay-TV VoD, Online Video, Subscription Pay-TV and Box Office. For more information please contact Andy Watson via [email protected]
Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into consumer electronics, digital imaging, entertainment media, broadcast, storage media, education technology and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments. http://www.futuresource-consulting.com.
Authorised use of information
All information provided by Futuresource in any form is proprietary information that belongs to Futuresource and is protected by UK and international copyright law. Except as outlined below, direct or indirect reproduction of information, in whole or in part and by any means, is prohibited without the express written consent of Futuresource.
Members of the press may use a press release in its entirety or take segments from it as necessary; they may also use a graph, a slide, or a section of a supplied research report less than fifty words long, provided all text is identified as "Source: Futuresource Consulting" and all graphics are credited with "Futuresource Consulting, copyright 2014".
Futuresource Media Contact
For industry comment, forecasting and trends contact Andy C Watson on:
SOURCE Futuresource Consulting
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, outlined key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to the ...
Jan. 25, 2015 10:15 AM EST Reads: 1,972
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:15 AM EST Reads: 2,032
SYS-CON Media announced today that PagerDuty has launched a popular blog feed on DevOps Journal. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done.
Jan. 25, 2015 10:00 AM EST Reads: 1,270
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:00 AM EST Reads: 1,780
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize sup...
Jan. 25, 2015 10:00 AM EST Reads: 2,755
Vormetric on Wednesday announced the results of its 2015 Insider Threat Report (ITR), conducted online on their behalf by Harris Poll and in conjunction with analyst firm Ovum in fall 2014 among 818 IT decision makers in various countries, including 408 in the United States. The report details striking findings around how U.S. and international enterprises perceive security threats, the types of employees considered most dangerous, environments at the greatest risk for data loss and the steps or...
Jan. 25, 2015 10:00 AM EST Reads: 1,378
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:00 AM EST Reads: 2,082
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
Jan. 25, 2015 10:00 AM EST Reads: 1,453
"Verizon Digital Media Services is responsible for the broadcast, video and content delivery network that accelerates, scales and helps our customers reach end users with all kinds of video and web content," stated James Segil, CMO of Verizon Digital Media Services, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 10:00 AM EST Reads: 1,839
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
Jan. 25, 2015 10:00 AM EST Reads: 2,464
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session a...
Jan. 25, 2015 10:00 AM EST Reads: 1,971
The speed of product development has increased massively in the past 10 years. At the same time our formal secure development and SDL methodologies have fallen behind. This forces product developers to choose between rapid release times and security. In his session at DevOps Summit, Michael Murray, Director of Cyber Security Consulting and Assessment at GE Healthcare, examined the problems and presented some solutions for moving security into the DevOps lifecycle to ensure that we get fast AND ...
Jan. 25, 2015 10:00 AM EST Reads: 2,142
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Jan. 25, 2015 10:00 AM EST Reads: 2,654
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 09:30 AM EST Reads: 1,785
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
Jan. 25, 2015 09:30 AM EST Reads: 1,363