100+ Essential Video Marketing Statistics You Need To Know (2024)
It’s no surprise that video is now the most powerful form of marketing on the internet.
Video helps you connect with your audience on a deeper level, convey complex ideas simply and guide audiences through topics that would be tricky or impossible with words alone.
Video can help you communicate your purpose, increase brand awareness, give genuine value to your customers and can even play a key role in converting interested people into real life sales.
Why doesn’t everyone create videos? Whether creating video in house, using the new IPhone, or working with a trusted video production company, video is costly, time consuming and needs special equipment, it’s no wonder that most companies think twice before taking the plunge.
If you’re thinking about investing in video for your company but aren’t yet sure whether video is the right option, this blog is for you.
We’ve put together a list all of the most important video marketing statistics that you will need in 2024 so you can make an informed decision about whether video is right for you and your online presence.
Table Of Contents
1. Video Marketing Overview In 2024.
2. Video Marketing Usage, Trends & Statistics. (2024)
3. Does The Public React To Video Marketing. (2024)
4. YouTube: Essential Video Marketing Statistics. (2024)
5. LinkedIn: Essential Video Marketing Statistics. (2024)
6. Facebook: Essential Video Marketing Statistics. (2024)
7. Instagram: Essential Video Marketing Statistics. (2024)
8. TikTok: Essential Video Marketing Statistics. (2024)
9. Snapchat: Essential Video Marketing Statistics. (2024)
10. Live Video: Essential video marketing statistics. (2024)
Video Marketing Statistics 2024
With video there is no time like the present. There has never been more people on the internet than there is today and this shows no signs of slowing down any time soon. The following statistics show just how powerful video marketing can be for your company right now.
How many people watch videos online?
The amount of people consuming, downloading and streaming video in 2022 was at an all time high of 3.37 billion people a year. This is a figure expected to rise to 3.48 in 2023 and up to 3.65 by 2025.
Source: Insider Intelligence ‘Over 3 billion people worldwide are now digital video viewers’
World wide digital video views in billions. Credit: Insider Intelligence
What reach does online video have?
The amount of people on the internet between the ages of 16-64 who watch video online at least once a week is now at 93%. Music videos and memes account for the largest share of viewership (50% of people watching music videos and 37% watching memes) but a whopping 28% of people will watch an educational video every week and 27% of people watch a product video every week. This is good news for people thinking of taking their business online.
Source: Digital Portal “DIGITAL 2022: OCTOBER GLOBAL STATSHOT REPORT”
Credit: Hootsuite
What is the best type of online content?
More than 50% of marketers say that video is the single most important type of content to bolster their online presence.
Source: Sprout Social “The 2024 Content Benchmarks Report”
How much content on Facebook, Instagram, & Twitter is video?
It may come as a shock that video is the most underutilized content type on some of the world’s biggest social media platforms Facebook, Instagram and Twitter comprising just 14%, 11% and 5% respectively.
Source: Sprout Social “50+ Social Media Video Marketing Statistics for 2024”
Credit: Sproutsocial
What percentage of internet traffic is from video streaming?
According to a comprehensive Cisco report video streaming and downloading accounts for 82% of internet traffic, this is up 9% from 2017.
Source: Cisco “Global Device Usage Forecast -VNI Complete Forecast Highlights”
What type of video is best for B2B marketing?
In 2021 live video was produced by 53% of companies. This is hardly a shock with the huge increase in remote working being seen across almost all industries.
Brand videos are still a favourite amongst company marketing departments as 53% of companies also produced a brand video of some sort in 2021.
Product videos are close behind with 51% of companies producing product videos in 2021.
Source: Vidyard: “2023 Video in Business Benchmark Report”
Credit: Vidyard
Video Marketing Usage, Trends & Statistics
Next let’s dive into some of the key video usage statistics about who is consuming video and whether the numbers are going up or going down. One thing you can be for sure about is that the numbers are showing that video isn’t slowing down any time soon.
How many businesses use video content?
86% of businesses use video as a marketing tool in some shape or form.
A recent study showed that 92% of professional marketing managers value video a big part of their marketing strategy in 2023.
Source: Wyzowl “Video Marketing Statistics 2024”
Why don’t people use video for marketing?
Many marketing managers claim to not have enough time (23%) to integrate video into their strategy whilst others don’t use it because they don’t know where to start (16%), or they think it’s just too expensive for them (10%).
Source: Wyzowl “video marketing statistics 2024”
Is marketing moving towards video?
A huge shift was seen in 2022 in the use of video by marketing managers previously not using video with 79% of non video marketers saying they used video for the first time as a part of their strategy in 2022. The main reasons for this are that marketers feel that video has become easier to create and that the value of video has been easier to communicate to the hierarchy of the companies they work in.
Source: Wyzowl “video marketing statistics 2024”
How much do companies spend on video?
On average 40% of people are looking to spend less than £500 on a video, with 97% of people looking to spend less than £10,000 on any given video production. Another study of over 1,000 marketers found that only 14% of people are looking to spend over £8,500 with 35% of respondents planning to spend less than £2,000.
Source: Wyzowl “video marketing statistics 2024”
How are companies making videos in 2024?
This may come as a surprise but last year 50% of companies decided to make videos in house with only 13% of companies exclusively working with outsourced production teams. This suggests that most companies are opting for quick, high volume video production that allows them to produce video at a much greater scale.
PRO TIP: Leveraging an online video editor and using its features such as audio joiner, MP3 Converter and Audio to Text simplifies the video creation process, making it efficient, cost-effective, and accessible for businesses of various scales.
What do marketers want to achieve from video?
Recent research suggests that 62% of marketers see getting high engagement on their videos as their main priority. This was closely followed by number of views, with 61% of marketers saying that the number of views a video has had as being very important, finally 60% of marketeers stated the number of leads they gain from a video as being important. I think it can safely be said that all of the above are key… It's just interesting to see just how close these three categories are.
Source: Wyzowl “video marketing statistics 2024”
Does video give a good return on investment?
Recent research suggests that 62% of marketers see getting high engagement on their videos as their main priority. This was closely followed by number of views, with 61% of marketers saying that the number of views a video has had as being very important, finally 60% of marketeers stated the number of leads they gain from a video as being important. I think it can safely be said that all of the above are key… It's just interesting to see just how close these three categories are.
Source: Wyzowl “video marketing statistics 2024”
Does video give a good return on investment?
Return on investment or ROI can be measured in a number of different ways. Maybe it’s leads, maybe it’s engagements, maybe it’s brand awareness. A recent study has asked a number of video marketers what ROI they’ve seen after investing in video and the results are astonishing. I’m just going to rattle through a number of good stats here for you to think about; 87% of video marketers see greater traffic to their website when they use video, 82% have seen an increase in dwell time (the amount of time a person stays on the website) when using video, 96% of marketers have said that video has helped their customers understand a service of product, 86% have seen an increase in leads from using video and a further 81% of video marketers have said that video has directly lead to increased sales.
Source: Wyzowl “video marketing statistics 2024”
Two thirds of marketeers increased their spend on video marketing in 2022
Return on investment or ROI can be measured in a number of different ways. Maybe it’s leads, maybe it’s engagements, maybe it’s brand awareness. A recent study has asked a number of video marketers what ROI they’ve seen after investing in video and the results are astonishing. I’m just going to rattle through a number of good stats here for you to think about; 87% of video marketers see greater traffic to their website when they use video, 82% have seen an increase in dwell time (the amount of time a person stays on the website) when using video, 96% of marketers have said that video has helped their customers understand a service of product, 86% have seen an increase in leads from using video and a further 81% of video marketers have said that video has directly lead to increased sales.
Source: Wyzowl “video marketing statistics 2024”
Two thirds of marketeers increased their spend on video marketing in 2022
After reading all of the above the next stat makes a lot of sense. A recent study has shown that two thirds (66%) of marketers opted to spend more in their 2022 campaign than their previous year.
Source: Wyzowl “video marketing statistics 2024”
Video is the best tool for filling your sales funnel
A further study found that a whopping 93% of brands got a new customer or sale because of a video on social media.
How do customers react to companies using video?
So it’s clear that video is on the up and shows no signs of changing any time soon. But how your customers, the people is the big wide world actually feel about their favourite brands creating videos is a different topic all together. Next we drive into some facts about the type of content people want to view and it’s clear that video is king of the castle.
It’s official, people would rather watch a film to learn than read the information in an article
Using video can actually increase sales
People are spending much more time online and this looks set to continue for 2024
People prefer sharing video above all other types of online content
People want more videos from the brand they love
People enjoy watching brand videos
Facebook, Instagram and Youtube are the peoples favorites
People prefer watching videos on smartphones over desktop
Videos are the best way to convey information to your customers
People want good story and authenticity from their videos
Most customers say video has helped them with their purchasing decisions
Video can reduce the need for support calls
Virtual reality is coming of age
Video Is Essential On Every Social Media Platform
Almost every single social media platform is moving towards video in one form or another. Today, even LinkedIn favours video above all other types of content. Instagram famously announced that it was actually a video sharing platform above a photo platform and Facebook is moving gradually towards a completely video focused approach over the next few years.
The Best YouTube Video Marketing Statistics. (2024)
YouTube is the world’s largest video platform and it shows no signs of slowing up.
Here are a few key statistics that will persuade you that YouTube should, with out a doubt, be in your next video marketing campaign.
If you’re looking for a more detailed dive, take a look at our YouTube Video Marketing Statistics Page.
The Best LinkedIn Video Marketing Statistics. (2024)
LinkedIn has become one of the world’s leading video platforms for B2B marketeers!
The following stats will show you just how powerful this platform has become for those looking to drive sales, find leads and connect with like minded professionals.
If you’re looking for a more detailed breakdown just take a look at our LinkedIn Video Marketing Statistics Page.
The Best Facebook Video Marketing Statistics. (2024)
With over 3 billion users at the end of 2023, FaceBook is certainly no small fry in the world of social media. Why then does it constantly get seen as the lesser cousin to its Instagram and SnapChat counterparts?
FaceBook has become the global meeting place for all age groups, demographics and peoples. It’s obvious that by being the evrything to everyone, young people ens up wanting to be else where.
This isn’t to say that FaceBook isn’t still one of the most important video marketing platforms. In this sectiojn we explore some of our favourite video marketing statistics that will make you think twice about leaving this giant off of your next campaign.
For a more detailed dive why not check out our article on FaceBook Video Marketing Statistics for 2024?
The Best Instagram Video Marketing Statistics. (2024)
If you’re not using Instagram yet, where have you been?
Today, Instagram has over 1.6 billions monthly active users and is used in over 200 countries world wide.
With Reels becoming a massive hit in 2023, the platform has seen continued growth and at least for now, has seen of its rivals.
Below are what we think are the very best Instagram video marketing statistics for 2024! For a more detailed exploration of Instagram for marketeers why not check out our specific Instagram video marketing statistics page.
The Best TikTok Video Marketing Statistics. (2024)
TikTok is now only 8 years old but what a seven years it’s had.
Released as a platform for people to share 3 minute short forms video to the platform has exploded as a go to place for sharing dance, art, pranks, gaming, vlogs and any other type of video content.
With the app being downloaded now over 4 billion times it’s quite rightly got the attention of a lot of brands. Below are some key stats on how to use video on TikTok.
If you’re interested in learning more about TikTok, take a look at our 23 TikTok Video Marketing Statistics for 2024 page.
- Ages 10-19 are 25% of users.
- Ages 20-29 are 22.4% of users.
- Ages 30-39 is 21.7% of users.
- Ages 40-49 is 20.3% of users.
- Ages 50+ are 11% of users.
Twitter video marketing statistics (2024)
The Best Snapchat Video Marketing Statistics. (2024)
Snapchat’s, like TikTok, is one of those platforms that you underestimate at your own peril. We once thought that way but today, we take the platform and its 300 million daily user base very seriously.
As a platform it has one of the highest ROI’s of any of the social media platforms (5x investment) and it’s ad spend is now at an eye watering $1.07billion per year.
The following stats will give you a solid idea of just how important this platform is, and may wel make you think twice about whether or not to have SnapChat as a part of your next video marketing campaign.
For a deeper dive on Snapchat, why not check out our SnapChat video marketing statistics page.
Live Video Marketing Statistics in 2024
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