Sales teams create and post their own flicks
A study by video experience platform provider Vidyard has revealed the surprising extent to which the number of videos shared by businesses has increased - up by some 135% year-over-year, driven mainly by user-generated videos within sales teams in high tech firms, financial services, and professional services.
The '2021 Video in Business Benchmark' report's findings showed that the move to a digital-first business world accelerated the use of video by marketing, sales and customer experience teams, particularly in industries where in-person customer interactions were previously the norm.
In fact, the number of videos published overall more than doubled in 2020 with a significant surge starting in April (when businesses began adapting to remote sales and digital-first marketing strategies).
Of particular note, Financial Services organizations increased their video output by 129% while those in Education increased by more than 200% compared to the previous year.
Key findings from the report, which analyzed data from more than 750,000 videos published by more than 1,500 businesses during 2020, included:
40% of all videos published were produced/uploaded while 60% were user-generated;
Interestingly, 2021 is the first year since the launch of the report series in 2016 that the average video length increased compared to the previous year. While 60.3% of all videos published in 2020 were less than 2 minutes in length (compared to 74% in 2019), 10.5% were more than 20 minutes, a significant jump from just 6% the previous year. This increase in the amount of long-form video content may be the result of a growing number of on-demand webinars and presentation recordings in response to the shift to remote work and online events.
The report has been made available to download from Vidyard at https://www.vidyard.com/business-video-benchmarks/ (free registration required).
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