New entrants to the video sharing market face a strong battle with dominant
player
YouTube,
new figures show.
Microsoft
announced a beta
test of its
MSN
Soapbox video sharing service yesterday, while
Yahoo
revealed that it was
teaming up
with
CurrentTV.
Stats released from web monitoring firm
Hitwise
show that YouTube dominated the UK market with 60 per cent of visits to the top
10 video sharing sites in the week to 16 September, comprising one in every 400
UK internet visits.
Visitors spent an average of 17 minutes and 32 seconds on YouTube last week
and the site captured more than twice as large a share of UK visits than
Google
Video which ranked second with 23 per cent market share (combined .co.uk and
.com domains).
"Advertising-supported content has become a popular online business model and
music companies are the latest to experiment with it," said Heather Hopkins,
vice president of research at Hitwise UK.
"YouTube visits are eight minutes longer than average for all categories of
websites. Coupled with the site's popularity, YouTube is a potentially lucrative
platform for advertising."
MSN
UK Video accounted for 1.71 per cent of UK internet visits among the top 10
video sharing sites last week.
The site received 63 per cent of its traffic from
MSN UK's
portal page, and 11 of the top 20 sites sending visits to MSN UK Video last week
were MSN properties.
The top 10 video sharing sites, by market share and session duration were:
1.
YouTube
59.89 per cent 17:32 minutes
2.
Google
Video 16.63 per cent 7:14 minutes
3.
Google
Video UK 6.78 per cent 12:45 minutes
4.
MySpace
Videos 5.49 per cent 6:25 minutes
5.
MetaCafe
2.90 per cent 10:05 minutes
6.
Yahoo
Video 1.92 per cent 12:26 minutes
7.
Daily
Motion 1.76 per cent 8:53 minutes
8. MSN
UK Video 1.71 per cent 0:58 minutes
9.
AddictingClips
1.58 per cent 6:13 minutes
10. AOL
Media 1.33 per cent 4:46 minutes
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