Yesterday, YouTube gave video metrics to their users. If you have uploaded videos to YouTube, you can go to your video list and click “About this video” to see a history of view counts. Very simple, but a good move.

It is great to see YouTube provide this service, even if just for your own, personally uploaded videos. It validates the newly emerging industry category of “online video metrics“, that Vquence is also a part of.

Our colleagues from VisibleMeasures expressed a similar feeling in their blog entry saying: “we view anything that companies can do to help showcase the need and improve the landscape for video measurement as a plus for the entire ecosystem”. I couldn’t express it any better.

Following the blogging community, there is a large need for online video metrics, both for tracking your own published videos – as YouTube has started providing since yesterday – as well as tracking videos published by the market generally for market analysis and intelligence reasons.

The number of players in the field is still small and FAIK we are the only Australians to offer these services.

U.S. spending on internet video advertising alone is expected to grow to US$4.3 billion by 2011. The need for online video publications is predicted to grow even stronger in the near future when each and every Website will be expected to use video to communicate their message. The need for video metrics will increase enormously.

Check out our new Website if you want to learn more about how Vquence measures video.