US consumers are spending more time on social networks, according to the market research firm eMarketer. Due to a significant growth in usage of social networks and digital video, the overall average daily time spent online rose again in 2012, while old school media, like radio and newspapers, continued to lose share.
eMarketer reports that US consumers spent an average of 37 minutes daily on social networks in 2012, compared to 30 minutes daily in 2011.
The only other digital activity that gained as many minutes as social is online video, which rose from 17 minutes in 2011 to 24 minutes in 2012. This is largely due to a sharp increase in digital TV and movie content available online.
Social media and digital video seem to be closely correlated: the Interactive Advertising Bureau reported that, for one-quarter of online video viewers 18 and older, the third preferred way (after word or mouth and ads) to discover TV shows that they could watch on the web was through social sites.
In conclusion, the multi-media driven online social networks are here to stay and continue to evolve creating huge business opportunities for savvy marketers. Leveraging the power of social networks can represent a key opportunity to build a viable, valuable, and long lasting connection with your customers and prospects.