OTT media services have grown a lot because they let people watch different kinds of content online, whenever they want, and on any device. OTT platforms have content like movies, TV shows, live sports, and news, for different tastes and preferences. But with so much content, how can OTT providers make sure they show the right content to the right audience at the right time?
They use personalized content delivery. This means they show different content to different segments or individuals in their target audience, based on what they do, like, want, where they are, and other factors. Personalized content delivery makes the content more relevant, enjoyable, and memorable for the viewers, and helps to keep them engaged, loyal, and happy.
Personalized content delivery is not a new concept, but it has become more important and challenging in the OTT space, due to the following reasons:
- Competition: OTT providers have to compete with many others for the same audience. They need to offer personalized content that meets the viewers’ needs and expectations, and that makes them stand out from their competitors.
- Choice: OTT viewers have a lot of choice in content. They can access thousands of titles in different genres, languages, and formats, and they can switch between platforms easily. The providers need to offer personalized content that is relevant, engaging, and customized to their preferences and context.
- Data: Consumers generate a lot of data when they watch content. They leave behind information about their viewing history, ratings, reviews, searches, clicks, pauses, skips, and more. This data can be used to create personalized content recommendations, suggestions, and offers. However, OTT providers need to have the right tools and techniques to use this data in a timely, accurate, and ethical way.
Personalized content delivery can bring many benefits to both the OTT providers and the viewers, such as:
- Increased engagement: Personalized content can hook the viewers to the platform. By offering content that matches the viewers’ preferences and context, OTT providers can boost the viewers’ engagement with the content.
- Larger retention: Personalized content can lower the viewers’ dissatisfaction and raise their loyalty. By offering content that is satisfying, enjoyable, and memorable, OTT providers can increase the chances of the viewers’ coming back to the platform, and reduce the risk of them leaving for other platforms.
- Growth of revenue: Personalized content can increase the viewers’ willingness to pay and spend. By offering content that is valuable, appealing, and exclusive, OTT providers can increase the conversion, retention, and upsell rates of the viewers, and generate more revenue from subscriptions, advertising, and merchandising.
- Personalized content delivery is not a one-size-fits-all solution, but a dynamic and continuous process that requires constant testing, learning, and improvement. OTT providers should deliver personalized content that satisfies viewers and matches their goals.
Personalized content delivery is not a nice-to-have feature, but a must-have necessity for OTT providers who want to succeed in the competitive and evolving OTT market. Personalized content delivery is one of the most important things in the industry this year, and it will continue to be so in the years to come.
That is why we at 2Coders, strive to find a way to use every technology needed to deliver the best-suited content that users want from the streaming platform. So, If you want to follow the trend and have the best platform, feel free to contact us.
