NEW YORK, Dec. 15, 2021 (GLOBE NEWSWIRE) -- JW Player, the leading video software and data insights platform, today shared predictions from its leadership team on the future of digital video in 2022. The digital video economy will continue to grow rapidly in the new year, as more non-traditional media companies leverage video to connect directly with their audience in new ways. The announcement caps a year of strong growth, new partnerships, acquisitions, and industry-leading innovation for JW Player.
With insights from over 12,000 publishing sites and 10 billion monthly impressions, JW Player’s executives have a clear line of sight on where the video economy is headed and shared the following predictions:
Interactive Video and Mixed Monetization Models
Video is going through a transformation right now from a mostly passive activity to an interactive activity. In 2022, we will see more retailers and ecommerce sites leveraging shoppable video to create an immersive shopping experience, while e-learning companies will use interactive video to keep students actively engaged with their lessons. Another trend worth watching is the growth of hybrid monetization models on the spectrum between AVOD and SVOD. As more consumers get subscription fatigue, freemium and TVOD models will be attractive options that can drive growth and revenue for content owners. - Dave Otten, CEO and Co-Founder
Direct to Consumer Video and Free TVs
Content owners, including everyone from independent publishers to sports clubs, will continue to expand their video distribution to reach their customers wherever they’re watching. From an advertiser perspective, connected TV is one of the most valuable and fastest growing distribution platforms, and I’m predicting TV manufacturers will begin giving their TVs away at sharp discounts or even for free in exchange for controlling that valuable CTV ad inventory. - Brian Rifkin, Co-Founder, SVP of Strategic Partnerships
Demand Grows for Off-the-Shelf OTT Platforms
As the options for delivering content continue to grow, so too will the demand for off-the-shelf, platform-based products for broadcasters. We see broadcasters wanting a robust, scalable platform that can deliver all their OTT offerings; for a lot of broadcasters it’s hard to manage and deliver this in house so it’s appealing to have a comprehensive off-the-shelf option. It massively speeds up with GTM initiatives and helps broadcasters become more responsive in introducing new products to their clients. In particular, broadcasters will look for platforms that can quickly create FAST channels for repurposing VOD content, with server-side ad insertion to create a seamless ad-supported user experience. - James Burt, SVP of Broadcast Products
OTT Diversifies
I predict a diversification in OTT services. Last year we saw sports leagues, concert halls, yoga studios, conference centers, and other industries scramble to launch OTT services as lockdowns shut down their in-person business. We're now seeing consolidation happening, where successful services are acquiring more talent or content to expand further. I think some of these services will break into the top OTT charts, thereby expanding the scope of Connected TV beyond just watching movies and TV shows. - Jeroen Wijering, Co-founder and Chief Innovation Officer
The Great Streaming Consolidation
Over the last decade, there’s been a widening glut of streaming services available to consumers. With growing subscription fatigue, I expect large media conglomerates who own multiple streaming services (both free and paid), will consolidate their apps and services to streamline their consumer options. Audiences will have the option to choose the payment tier that best suits their needs, and in exchange, media companies will have more loyal audiences. - Welby Chen, COO
2021 was a pivotal year for JW Player, a year that saw the company raise $100M in funding as it expanded its platform to empower content owners in the accelerating digital video economy. In June, JW Player acquired VUALTO, a leading video streaming and DRM solution provider, and fully integrated its broadcast offerings into JW Player’s video platform and made them available to its global customers: Broadcast Live and Studio DRM. JW Player also forged partnerships with Applicaster and PulsePoint and launched industry-first innovations, including the first OMID-compliant HTML5 video player and a patent for real-time ad viewability technology.
For more industry insights, trends and predictions, visit jwplayer.com/resources.
About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today’s Digital Video Economy. Started in 2008 as a hugely popular open source video player, JW Player ’s technology platform now powers digital video for hundreds of thousands of businesses, including half of the Comscore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player’s technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.
Media Contact:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com
