With the news of the new tiered Verizon data plans, data consumption is going to become an even more pressing concern for users as they will be in danger of expensive overage fees.  One of the leading causes of mobile data consumption is videos, but luckily it appears that the Skyfire mobile web browser has your back when it comes to that.

According to a 2011 Nielsen study, the average wireless user consumes 582 megabytes (MB) on Android and 492 MB on iOS per month.  Assuming you wanted to save as much money as possible and go with a 200 MB plan, you’d really have to curtail your video watching when mobile, and seeing as data from Cisco indicated that 53 percent of all mobile traffic is from videos, that won’t be easy.

Through some sort of technology that is beyond my personal scope of understanding, Skyfire is able to compress a video up to 75 percent with no noticeable loss of quality. Sure the browser may cost you, but the savings from possible overages might make it worth your while.

Here’s a handy infographic from the company explaining it all (click for larger view).

Skyfire infographic

Are you worried about exceeding your data cap with all of the new limitations?