Industry report presents a focused analysis of the impact of ATSC 3.0 on the video market
DALLAS, Dec. 7, 2023 /PRNewswire/ — Parks Associates, the premier technology research firm, recently released the industry report “ATSC 3.0: Impact and Opportunity for Video Services,” which reveals that 20% of US internet households own a television antenna and 12% don’t have an antenna but plan to purchase one in the next six months.
“The percentage of antenna owners has remained steady over the last few years, creating a stable audience for broadcasters at a time when they are losing revenues from lost retransmission fees as consumers abandon pay TV for streaming services,” said Alan Bullock, Sr. Contributing Analyst, Parks Associates. “ATSC 3.0 has the potential to pump new life into broadcast TV.”
According to Parks Associates research, TV antenna owners report watching about 6.4 hours of over-the-air (OTA) programming per week, second only to subscription-based video-on-demand streaming (7.6 hours per week). Among nearly 30% of antenna owners, OTA is the preferred method of watching live news, while approximately 20% prefer OTA to watch live sports and TV shows and movies. The ATSC 3.0 standard could improve the experiences for these viewers, and attract new OTA viewers, by enabling higher quality video, enhanced audio, and interactive capabilities.
ATSC 3.0 is built on IP architecture to deliver the next generation of broadcast technology. The standard, labeled as NEXTGEN TV to consumers, allows more revenue-generating advertising opportunities, enables new interactive ads with more precise targeting, and offers new, cost-effective ways to securely distribute data to many recipients.
“ATSC 3.0: Impact and Opportunity for Video Services” details shifting video consumption habits, provides an overview of ATSC 3.0, and profiles leading broadcasters and service providers deploying it today. It also assesses implications for the full video ecosystem, including implications for both traditional and streaming players.
For interview or data requests, please contact Mindi Sue Sternblitz-Rubenstein at [email protected] or 972-490-1113.
About Parks Associates
Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.
The company’s expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets.
Each year, Parks Associates brings thousands of leaders together for its webinars and annual events. The firm hosts the annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. https://www.parksassociates.com
Follow Parks Associates on LinkedIn, Twitter, Facebook, and Instagram.
Contact:
Mindi Sue Sternblitz-Rubenstein
Parks Associates
972.996.0212
[email protected]
SOURCE Parks Associates
Tyler Fields is your internet guru, delving into the latest trends, developments, and issues shaping the online world. With a focus on internet culture, cybersecurity, and emerging technologies, Tyler keeps readers informed about the dynamic landscape of the internet and its impact on our digital lives.
