More than 8 in 10 marketing, sales and customer experience executives say that video is becoming more important as a form of content in their organization, according to a report [download page] from Vidyard and Demand Metric. Here are 4 highlights from the study.
1. Brand and Social Media Videos Are Widely Used by Marketers
The survey indicates that the most common type of videos invested in by respondents are brand videos (53%), followed by demo or product videos (51%), social media videos (48%), training videos (45%) and how-to videos (42%). The popularity of social media videos speaks to social’s presence as a leading distribution platform: 63% of respondents distribute videos on social media sites, equal with websites as the top area for posting videos.
The top video types differ by role, with the study’s authors pointing out, for example, that a large share of sales teams will invest in user-generated videos, while customer experience teams show a strong inclination to invest in how-to videos.
Among marketing respondents, the video types used by a majority are brand (71%), social media (64%), and demo or product (60%) videos, while close to half use training videos (48%) and customer testimonials (46%). Although how-to videos did not feature among the top 5 for marketers in this study, previous research indicates that they are often used by B2B content marketers, who find video to be among their most effective top-of-the-funnel demand generation tactics. (This survey’s respondent sample also skews towards B2B organizations.)
2. Half of Marketers Say Video ROI is Improving
In a strong affirmation of video’s effectiveness, 7 in 10 respondents across job roles said that video performs better than other content types they use or have used in producing their desired results, a figure 10 times higher than the share (7%) who say that video performs worse.
Additionally, two-thirds of respondents report that video’s ROI is either getting better (45%) or staying the same (21%), though 3 in 10 don’t know. Marketers are the most optimistic about video ROI, with about half (49%) saying that it is improving, and another fifth (21%) reporting steady results.
Prior research suggests that videos have performed better than other content types such as long articles, livestreaming content, and podcasts, though fewer content marketers in that study found video to be as effective for them as virtual events and research reports, among others.
3. Video Viewing Data Deemed Important for Lead Scoring and Nurturing
Three-quarters of sales respondents to the survey believe that it would be important for the sales team to access video viewing data to qualify leads, engage prospects, or influence specific deals. Marketers largely agree, with two-thirds recognizing the importance of such data to lead nurturing efforts.
Currently, roughly 1 in 5 (21%) respondents say that their sales team uses video viewing data to a great extent to qualify leads, engage prospects, or influence specific deals, while about one-third say the sales team does so to a moderate extent (34%) and one-quarter (26%) to a slight extent.
Integration of this data would help, yet remains in its infancy: only slightly more than 1 in 3 respondents (36%) say that they have integrated video viewing data into their MAP and/or CRM system, although another half (49%) claim that they are planning to integrate this data.
4. Video Production Proves Difficult
While various teams within the organization are requesting and creating video content, marketing has the biggest role to play, and is the only team that a majority identified as both requesting (63%) and creating (65%) this form of content.
Although most medium- and large-sized companies use external resources to some degree to aid in their video creation efforts, only a minority of smaller companies do so.
This could prove problematic, as video production is a challenging affair. When asked which barriers or roadblocks respondents are facing in successfully leveraging video to help achieve business goals, the top 4 (equally cited) all involved production to some extent:
- Producing professional quality video that represents the brand well
- Having a strategy to drive video production
- Allocating staff time and resources for video production
- Producing videos that engage
No wonder that content marketers identified video as the number 1 type of content they would create if more resources were available to them.
Nonetheless, a majority of respondents are very satisfied (7%) or satisfied (49%) with the results they’re getting from their video efforts, with satisfaction rates much higher (67%) among those who use advanced metrics.
With this in mind, it’s perhaps no wonder that video was tagged as the top area of investment for B2B content marketers this year.
About the Data: The results are based on a survey of 705 executives across marketing (45% share), sales (25%), customer experience (12%) and other (18%) job roles. Almost half (47%) described the nature of their business as mostly or entirely B2B, while another 41% described it as a split between B2B and B2C.