YouTube vows to double user base in India to 800 mn GROWING MARKET
YouTube, the video platform of Google, said on Tuesday it expects its user base in India to double to over 800 million as more consumers, particularly in smaller towns and rural areas, get access to affordable internet that would help them access videos on their mobile phones.
India has a base of more than 930 million mobile subscribers, of which over 300 million use smartphones that allows them to access internet on the go. For YouTube, 85 per cent of the content streamed on its video channels is consumed on mobile phones, which has seen a fourfold increase over the past year.
"India is one of the most exciting markets and the global leadership is interested in India," said Ajay Vidyasagar, regional director-Google Asia Pacific. "The growth will be led by rural markets, which have been growing more than urban market."
Reliance Jio, which launched last year, has seen its user base at nearly 110 million. Its push to target lowincome users with a feature phone that allows users to access video content is expected to increase video consumption in the country.
For the online video platform, YouTube India is the one of the fastestgrowing markets globally and already in the top 10. The company which started with English content, went to Hindi and now it sees good traction from regional languages.
For example, Rajinikanth's Kabali teaser had around 34 million views, which was more than the trailer for the new Star Wars movie. YouTube on India has a base of about 930 million mobile subscribers, of which 300 million use smartphones 85 per cent of the content streamed on YouTube is consumed on mobiles, a fourfold increase over the last year YouTube India is one of the fastest-growing markets globally and is already in the top 10 Tuesday recognised Chennai-based YouTube-focused kids channel ChuChuTv with its diamond play button, for surpassing 10 million subscribers with only 154 videos.
YouTube, which has been relying on advertising revenue till now in India, may look at subscription-based revenue going forward. Now, only the US and Korea are the two markets, which have subscription-based revenue.
"As the market evolves, we may look at this model in India," Vidyasagar said.
Content offered through the subscription model are advertisement-free and the user can even view it offline.