Press release
Asia-Pacific (APAC) Media And Entertainment Market Growing Massively by 2022-2026 Major Players: Zee Entertainment Enterprises Limited, Sun TV Network Limited, Dish TV India Limited
Market Insights Reports has added new statistical data to its repository titled as, Asia-Pacific (APAC) Media And Entertainment Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Asia-Pacific (APAC) Media And Entertainment market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The Asia-Pacific media and entertainment market is expected to register a CAGR of 7.2% during the forecast period (2021 - 2026).
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Top Key Players in the Asia-Pacific (APAC) Media And Entertainment Market are Zee Entertainment Enterprises Limited, Sun TV Network Limited, Dish TV India Limited, China Media Group Co. Ltd, Shanghai Media & Entertainment Group (SMEG), China Film Group Corporation, Shanghai Animation Film Studio (Shanghai Film Group Corporation), DB Corp Ltd, HT Media Limited, BlueFocus Communication Group Co. Ltd, Eros International PLC, and others.
Industry News and Update:
- In December 2019, Zee Entertainment Enterprises Limited launched four new regional channels, namely Zee Punjabi, Zee Biskope (Bhojpuri), Zee Thirai (Tamil), and Zee Picchar (Kannada).
- In September 2019, The China Media Group (CMG), one of China's significant broadcasters, announced that it would launch more than 200 new programs as part of a production revamp. It includes TV, radio, and new media platforms run by the CMG, including 19 TV channels and the CMG's news app.
Key Market Trends:
India is Expected to Witness Significant Growth
- A rise in disposable income levels and growing internet penetration in the country also contributes to an increase in sales of smart TVs, increased online streaming subscriptions, etc. and hence fuelling the market growth. Moreover, according to the IBEF, the market size of the OTT video streaming market of India is forecasted to reach USD 5 billion by 2023, and India is projected to become one of the top 10 global OTT markets by 2022.
- Increasing internet penetration can also be termed as a contributing factor to the widespread expansion of the media and entertainment market in India. According to the Bain and Company’s Unlocking Digital for Bharat: USD 50 Billion Opportunity report, India has the second-highest active Internet users, with about 390 million residents who use the web at least once a month.
- Moreover, Indian government initiatives towards digital transformation, such as digitization of cable TV and Direct-to-Home (DTH) services, are also favoring the adoption of IPTV in the country. The IPTV scenario in India is witnessing change owing to the advent of the network services provider, with the company providing free IPTV live subscriptions to its customers. With other companies to follow suit, the demand for mobile-based IPTV services is expected to increase in the region, which will, in turn, increase the demand for media and entertainment in the area.
- However, there are also some challenges faced by the market. Over the past few years, the creation of media content has witnessed a drastic change with a shift from traditional television to online digital platforms. Online entertainment content providers, such as Netflix and Amazon, have successfully introduced acclaimed original video content in the region. These companies are also financing content in regional languages to attract customers, especially in multilingual countries, such as India. The rising competition in the market, high cost of content creation, and technical difficulties associated with viewing videos online may hinder the market growth to an extent during the forecast period.
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05202906917/asia-pacific-apac-media-and-entertainment-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28
This Asia-Pacific (APAC) Media And Entertainment Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Asia-Pacific (APAC) Media And Entertainment market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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