Thursday, October 25, 2012

Multiscreen services to flourish as 145 million people in Western Europe regularly watch online video

Pay-TV offerings a key focus at CONNECTIONS™ Europe, Nov 13-14 in Amsterdam

Parks Associates reports the number of consumers in Western Europe who regularly watch online video will reach 145 million this year and the number of pay-TV operators offering multiscreen TV services will increase from approximately 50 in 2012 to 90 by 2016. The international research firm will present new research on European pay-TV subscribers, with comparisons to the U.S. and international markets, at CONNECTIONS™ Europe, November 13-14 in Amsterdam.

CONNECTIONS™ Europe, featuring speakers from Amdocs, Irdeto, Sky Deutschland, and more,  addresses the new offerings from service and content providers and presents recommendations on emerging business models for advanced advertising and OTT and pay-TV services.  Media are invited to attend.

"Rapid growth of connected CE devices in the home, concerns over cord cutting, moves to adopt multiscreen by competitors, and the emergence of TV Everywhere services in North America initially drove implementation of multiscreen services in Europe," said Brett Sappington, director, research, Parks Associates. "These services allow pay-TV providers to compete with terrestrial broadcasters for online video viewers and potentially to drive subscribers to premium services. The cord-cutting phenomenon was not as apparent in Europe as it was in North America but only because pay-TV providers were already grappling with the challenge of moving subscribers to premium service tiers."

In Europe, content provider HBO Nordic is testing new offerings to provide OTT services to consumers without a subscription to cable services, raising fears that viewers will use these services to bypass pay-TV offerings.  However, a new study from Parks Associates finds 7% of U.S. pay-TV subscribers recently returned to pay-TV service after having "cut the cord,"  casting doubt on the long-term impact of subscribers who cancel their pay-TV service because of Internet video. 

"Economic factors rather than a switch to Internet video are the chief driver of churn and the reason people return to pay-TV services," said Stuart Sikes, president, Parks Associates. "Operators should  leverage the popularity of online video, provided their services are properly designed and marketed to match the demands of each individual market. We will examine these market challenges and opportunities at CONNECTIONS™ Europe."

CONNECTIONS™ Europe Sponsors: Digitalsmiths; GreenPeak Technologies; myStrom AG, a subsidiary of Swisscom; PacketVideo; People Power Company; Sigma Designs; Sutherland Global Services; ESNA; iMediaShare; NewBay Software; MyHomeServices.

Visit http://www.connectionseurope.com or contact sales@parksassociates.com, 972-490-1113 for more information.

About CONNECTIONS™ Europe

Produced by Parks Associates, the 12th-annual CONNECTIONS™ Europe is a two-day executive conference focused on the impact of IoT on the consumer. The event explores innovative business strategies, new crossover industry partnerships, and advancements in IoT (Internet of Things) solutions that are creating more consumer engagement and business opportunities for smart home, cloud services, and connected entertainment solutions. Parks Associates industry analysts moderate all sessions, with discussion, insights, and networking with leading executives representing all IoT ecosystems. 

CONNECTIONS™ Europe will take place 1-2 November 2017 in Amsterdam at the the Amsterdam Marriott Hotel in Amsterdam. http://www.connectionseurope.com

About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Smart Energy Summit: Engaging the Consumer, and Connected Health Summit: Engaging Consumers.

http://www.parksassociates.com

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