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Global Consumer Media Usage Grew 2.4% in 2024, Fueled by Summer Olympics & Major Elections Worldwide; First Consumer Media Usage Decline Expected in 2025

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Global consumer media usage, including digital & traditional media channels, increased 2.4% in 2024 to an average of 57.2 hours per week, following a sharp deceleration in time spent with media growth in 2023, according to a new market intelligence report from PQ Media.

STAMFORD, Conn.  , April 16, 2025 /PRNewswire-PRWeb/ — Global Consumer Media Usage Grew 2.4% in 2024, Fueled by Summer Olympics & Major Elections Worldwide; First Consumer Media Usage Decline Expected in 2025

“A new datapoint being tracked by PQ Media in the Global Consumer Media Usage Forecast 2025-2029 is an additional generation not found in prior editions, the ai-Gen, including those born between 2025-2029, the first gen to live their entire life with AI.”

Global consumer media usage, including all digital and traditional media channels, increased 2.4% in 2024 to an average of 57.2 hours per week (HPW), following a sharp deceleration in time spent with media growth in 2023, according to a new market intelligence report from PQ Media. Growth in consumer media usage, including all digital and traditional media channels, was driven by federal elections in 15 of the top-20 markets, as well as the Summer Olympics in France, according to research released today by PQ Media, the world’s leading provider of media econometrics.

However, growth is expected to fall 0.3% in 2025, the first decline since the 2009 Great Recession, which shows that media consumption has reached its saturation point as digital device penetration rates having peaked in major developed markets, like the US. Analysis of the 2024-2029 period indicates that media usage with rise in even years when most domestic and global markets hold federal elections, as well as major international sporting events like the Olympics, FIFA World Cup, and the World Hockey Cup. Meanwhile, declines are expected each odd year during the forecast period, when there are fewer federal elections and international sporting events, which tend to be limited to sports that are played in fewer countries or don’t generate high TV ratings, such as the ICC World Cup, according to PQ Media’s 12th annual Global Consumer Media Usage Forecast 2025-2029.

“Also contributing to the media consumption decline in 2025 is expected deceleration in discretionary spending on media devices and content, as consumers worldwide tighten their overall budgets due to an expected rise in inflation and possible recession due to the tariff wars instigated by the new Trump administration in the United States,” according to PQ Media CEO Patrick Quinn. “However, the decline will be short lived, as gains are expected in 2026, when more than a dozen major countries hold federal elections, the Winter Olympics are held in Italy and the FIFA World Cup is tri-hosted by the United States, Mexico and Canada.”

Another trend which continued in 2024 is the shift from traditional media to digital media, with digital rising to 39.7% share globally, up from 37.3% in 2023 and 28.6% in 2019. Some might question that statistic as being too low, but one must remember that both India and China have populations over 1 billion, with a high percentage living in poverty and unable to afford internet access and mobile phones, among other emerging nations with the same population profile. That said, there are 11 of the top-20 markets that digital media usage accounts for over 50% of overall consumption, such as the United States, South Korea, the Netherlands and Spain.

A new datapoint being tracked by PQ Media in the Global Consumer Media Usage Forecast 2025-2029 is an additional generation not found in previous editions, the ai-Gen, individuals born between 2025-2039, the first generation to live its entire life with artificial intelligence (AI). It follows PQ Media’s policy to name generations based on digital technology, such as the m-Gen (2013-2024), the first generation to live its entire live with mobile phones and the i-Gen (1996-2012), the first generation to live its entire life with internet access.

“Compared with previous generations, the ai-Gens will be introduced to digital media at an earlier age, as broadband, smartphone, and tablet penetration rates have emerged as the highest ever in 2025, with children knowing how to use smartphones and tablets almost from the time they can walk,” said PQ Media CEO Quinn. “With streaming services replacing broadcast & cable TV, over-the-air radio, DVDs and CDs, and mobile games and podcasts increasingly being developed that are targeted towards young children, the use of traditional media platforms and channels will continue to decline at a more rapid rate each year.”

Among other key findings from the report:

The average global consumer spent 8.17 hours per day with media in 2024, up from 7.36 hours in 2019 (in some markets, like Japan and the Netherlands, daily media usage exceeded 12 hours per day);Ad-supported media accounted for 52.7% of time spent in 2024, down from a 55.5% share in 2019, while in 11 markets, including the United States, consumer-driven media usage exceeds 50%, led by Spain and Japan at 57.9%;From a demographic perspective, men used media more than women globally, 58.29 hours per week (HPW) vs. 57.02, respectively. The Greatest Generation (born before 1945) used media the most (98.37 HPW), while the m-Gen used media the least (31.73 HPW) in 2024;Television (including live, digital, streaming and over-the-top (OTT) video) remains the most used of the 11 media platforms that PQ Media tracks, reaching 28.07 hours per week in 2024, while film & home video posted the fastest growth, up 10.4%, fueled by more movies being released on streaming services and high number of blockbusters in movie theaters;Mobile video posted the highest gain of the 22 digital channels that PQ Media monitors, up 16.7% in 2024, while OTT video (streaming, video-on-demand (VOD), pay-per-view (PPV), and digital-video-recorder (DVR) viewing) is the most used digital channel at 8.77 hours per week;

“Print books are an anomaly in traditional media, as digital extensions, such as e-Books, are actually posting declines in many markets obsessed with digital access,” said PQ Media Executive VP and Research Director Dr. Leo Kivijarv. “Older demographics that grew up in a linear environment, enjoy feeling and touching print books, while younger demos turn to printed books due to screen fatigue after spending hours on social media, streaming video and videogames.”

About the Forecast:

PQ Media’s 12th annual Global Consumer Media Usage Forecast 2025-2029 delivers the world’s most comprehensive and actionable media consumption intelligence covering the 2019-2029 period; the Top 20 Global Markets and the Rest of the Countries in each of the 4 major global regions; 25 digital media platforms & channels; 11 traditional media platforms; 11 hybrid (digital + traditional) media silos; 7 consumer generations, including the aiGens born after 2025; and both genders. The new edition includes in-depth econometric data and market insights delivered through a Report & Analysis providing 453 slides of analysis and 600 datagraphs; and a Deep-Dive Excel Databook delivering 250,000 data points examining all media platforms, channels, and markets worldwide. Click the link above to download free report samples and to purchase a copy of the report.

About PQ Media:

PQ Media delivers intelligent data and analysis to the world’s leading media organizations via syndicated market intelligence reports, custom drill-down research, and on-demand strategic consulting. which includes three reports that cover the industry’s KPIs: advertising & marketing spending; consumer media usage; and consumer spending on media. Click the link above to download free report samples and for details regarding our Special Three-Report Bundle License.

Media Contact

Patrick Quinn, PQ Media, 1 2039215249, pquinn@pqmedia.com, https://www.pqmedia.com

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SOURCE PQ Media

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UK FinTech Week Opens with Major UK-US Innovation and Investment Announcements

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UK FinTech Week 2025 Opens with Major UK-US Innovation and Investment Announcements

LONDON and JACKSONVILLE, Fla., April 28, 2025 /PRNewswire/ — UK FinTech Week 2025 launches today with major announcements reinforcing the strength of the UK’s fintech ecosystem and its growing ties with US investors, entrepreneurs and innovators.

In a significant development unveiled at the Global Fintech Forum, L Marks, a leader in corporate innovation, announced the launch of JAX Hub, a new initiative in partnership with the City of Jacksonville. Set to open later this year, JAX Hub will establish L Marks’ US operations in Jacksonville, connecting leading financial firms with top-tier global scale-ups and entrepreneurs. Built on L Marks’ proven, award-winning Innovation Lab methodology, JAX Hub will accelerate financial sector innovation, support economic growth, and strengthen Jacksonville’s reputation as a global destination for fintech.

The announcement, made by the UK’s Economic Secretary to the Treasury, Emma Reynolds MP, highlights how the UK’s fintech expertise is driving tangible investment and collaboration in the United States. JAX Hub will form a key pillar of a new UK–Florida FinTech Corridor, a priority initiative stemming from the Memorandum of Understanding signed in 2023 between the State of Florida and the UK Government.

Today’s news comes alongside another major UK-US announcement: Coinbase, one of the world’s leading crypto exchanges, has selected the UK as the home for a new multi-million-dollar Web3 accelerator. Developed alongside global technology leaders Fabric Ventures and Animoca Brands, and supported by Founders Factory, the accelerator will invest in the next generation of blockchain and AI startups—cementing the UK’s leadership in digital innovation.

The UK remains the second-largest exporter of financial services globally, Europe’s top destination for fintech investment, and a trusted partner for US companies looking to scale internationally. With a fintech market valued at $393 billion, a world-class regulatory environment, and a thriving startup ecosystem, the UK offers US investors and innovators a reliable and dynamic platform for growth.

To further strengthen transatlantic collaboration, the UK’s Department for Business and Trade is hosting a delegation of leading US fintech firms at UK FinTech Week, including PayPal, Block, Affirm, Circle, Ripple, Marqeta, FIS, Robinhood and Chainalysis—demonstrating the deep and growing ties between the two markets.

As the fintech landscape evolves, the UK remains a committed, proven, and future-facing partner for US investors and innovators.
UK FinTech Week 2025 runs from 28 April – 2 May.

About the Department for Business and Trade (DBT):
The UK’s Department for Business and Trade is an economic growth department. We ensure fair, competitive markets at home, secure access to new markets abroad and support businesses to invest, export and grow. Our priorities are the Industrial Strategy, Make Work Pay, the Trade Strategy and the Plan for Small Business.

View original content:https://www.prnewswire.com/news-releases/uk-fintech-week-opens-with-major-uk-us-innovation-and-investment-announcements-302440433.html

SOURCE UK’s Department for Business and Trade

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TECO Group Showcases Vehicle Electrification Upgrade Solutions at ACT Expo

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LOS ANGELES, April 28, 2025 /PRNewswire/ — The ACT Expo 2025, the world’s leading event in green transportation and charging technologies, opens on April 28 in California, USA. TECO Electric & Machinery is making its debut at the event, joining forces with its U.S. subsidiaries—TECO-Westinghouse Motor Company and NexE (charging solution sales company), as well as the newly acquired EVK Motor, a company specializing in EV hairpin motors.

The TECO Group will showcase cutting-edge products and services including electric drive axle systems for EV powertrains and high-power fast charging stations. TECO Chairman Morris Li emphasized that the company is committed to electrification solutions for vehicles, with EV powertrain systems and charging infrastructure among the group’s key strategic priorities. The products making their debut at this year’s ACT Expo integrate TECO’s technological and manufacturing strengths from both Taiwan and the U.S., showcasing the company’s capabilities in expanding into international markets.

At the end of last year, TECO acquired EVK Motor, an electric vehicle motor manufacturer. EVK’s third-generation innovative hairpin motor technology features excellent thermal design, high power density, and peak efficiency of up to 97.8%.  Making its first public appearance, the hairpin motor unit boasts key features such as a compact size and lightweight build—the complete unit, including the oil pump and radiator, weighs less than 55 kilograms. The motor covers a power range of 50 to 300 kW and a torque range of 150 to 550 Nm. According to TECO, this product is specifically designed for electric axle (E-Axle) solutions used in medium and large commercial vehicles, such as electric buses and electric trucks. It helps automakers overcome challenges related to vehicle capacity, space, and weight, while significantly enhancing the mobility performance of electrified vehicles. The company is targeting the multi-billion-dollar commercial vehicle market in Europe and North America.

At the event, TECO-Westinghouse and NexE are also showcasing their 30kW and 60kW DC fast charger and PowerCube (EV Charger Portable Power distribution system). Those DC Chargers feature high output power, smart charging capabilities, and renewable energy integration, significantly reducing charging time and improving energy efficiency. TECO stated that TECO-Westinghouse and NexE currently offer a full range of charging solutions from 30kW to 480kW. TECO-Westinghouse has already established a charger assembly line at its Texas factory to meet the needs of public institutions, including school bus fleets. Through its participation at ACT Expo, TECO aims to broaden its market exposure and business opportunities.

TECO Group continues to invest in EV powertrain systems with a global market layout that includes Taiwan, North America, India, Europe, and China. In Taiwan, TECO supplies 80% of the electric bus powertrain systems. The nation’s first domestically produced hydrogen electric bus is also powered by TECO’s 235kW SiC direct-drive system, capable of traveling 22 kilometers per kilogram of hydrogen (compared to the international average of about 20 km/kg). In India, TECO delivered prototypes to customers in Q1, with mass production of 200kW and 235kW direct-drive systems slated to begin in Q3. In North America, the company is targeting electric buses and trucks as its key customer base.

TECO website https://www.teco.com.tw/en

TECOWestinghouse website https://www.tecowestinghouse.com/products-home/green-energy-solutions/ev_chargers/

View original content to download multimedia:https://www.prnewswire.com/news-releases/teco-group-showcases-vehicle-electrification-upgrade-solutions-at-act-expo-302440431.html

SOURCE TECO Electric & Machinery Co.

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Vietnam Airlines expands partnership with Adyen

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The airline now taps on Adyen’s extensive global acquiring network to process transactions worldwide

SINGAPORE, April 29, 2025 /PRNewswire/ — Adyen, the financial technology platform of choice for leading companies, today announced an expanded partnership with Vietnam Airlines, Vietnam’s flag carrier. The airline partnered with Adyen in 2017 for its gateway solution and in 2024, expanded the partnership to leverage Adyen’s global acquiring capabilities, enabling seamless payment experiences in markets like Japan, Australia, the U.S., and Europe, among others.

The single integration with Adyen allows faster, more reliable transactions in credit cards and selected local payment methods like Alipay and WeChat Pay. Adyen’s acquiring capabilities connect businesses directly to Visa and Mastercard card schemes, helping the airline benefit from local market conditions and generate higher authorization rates and lower transaction fees. Since the expansion of partnership, Vietnam Airlines has seen up to a 5% uplift in authorization rates.

“Our strengthened partnership with Adyen represents a significant step forward in Vietnam Airlines’ digital transformation. With Adyen’s global reach and advanced payment solutions, we can offer travelers around the world a smooth, secure, and flexible payment experience—supporting major card networks and emerging payment methods alike. This collaboration enables us to elevate the passenger journey while boosting operational efficiency and fostering innovation,” said Bui Tran Cuong, Deputy Director of Finance and Accounting, Vietnam Airlines.

“We’re honored to further our longstanding collaboration with Vietnam Airlines as their trusted payments partner and our work together is testament to how the right payment solutions can empower businesses to serve a global customer base at scale,” said Warren Hayashi, President, Asia-Pacific, Adyen.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, LVMH, SHEIN, Uber, L’Oréal, Cathay Pacific, Grab, Klook, and Singapore Airlines. This partnership with Vietnam Airlines as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.

About Vietnam Airlines

Vietnam Airlines, a member of Skyteam Alliance, is the flag carrier of Vietnam, connecting the world’s most thriving destinations with nearly 100 routes to 22 domestic and 30 international destinations in 18 countries. 

Vietnam Airlines boasts one of the youngest and most modern fleets in Asia, highlighted by their Boeing 787-9 and -10 Dreamliners, Airbus A350-900 XWBs and Airbus A320, A321neos, offering impeccable level of comfort and service throughout every journey.

The carrier is recognized as one of the region’s leading airlines thanks to its modern fleet and its commitment towards innovation, digitalization and development — earning it international acclaim as validated by numerous prestigious awards including Top 25 World’s Safest Airlines for 2025, Top 20 World’s Best Airlines for 2025, World’s Best Value Premium Economy, Top 20 World’s Best Airline by Airline Ratings (2023), Global 5 Star Airline 2023, Major 5 Star Airline 2024 by APEX; Skytrax’s 4 Star Airline for four consecutive years.

View original content:https://www.prnewswire.com/apac/news-releases/vietnam-airlines-expands-partnership-with-adyen-302439540.html

SOURCE Adyen

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