Motion Picture Size to Worth 43.9 billion by 2027 | Motion Picture Industry Registering 8.3% CAGR 2021 to 2027

Allied Market Research published a new report, titled, " Motion Picture Industry " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

"The adoption of advanced technologies such VFX, 360 degree view cameras, virtual reality and drone cinematography supplements the motion picture industry expansion "According to a new report published by Allied Market Research, titled, "Motion Picture Industry by Genre, Demographics, and Dimension: Global Opportunity Analysis and Industry Forecast, 2021-2027," the motion picture industry size was $ 42.2 billion in 2019, and is projected reach $ 43.9 billion by 2027, registering a CAGR of 8.3% from 2021 to 2027

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COVID-19 impact on the motion picture industry :-

COVID-19 has caused perilous impact on the motion picture industry. Widespread lockdown, social distancing norms and fear of crowded places have resulted in colossal losses for the engaged stakeholders in the industry. Furthermore, production of films has been affected greatly owing to strict SOPs issued by the respective governments. The COVID-19 pandemic is expected to impact the market profoundly in the current and next year, however the market is likely to bound back post 2021.

Some of the key players profiled in motion picture industry analysis included are Warner Bros., Sony Pictures Motion Picture Group :-

WARNER BROS
SONY PICTURES MOTION PICTURE GROUP
WALT DISNEY STUDIOS
UNIVERSAL PICTURES
20TH CENTURY FOX
PARAMOUNT PICTURES
LIONSGATE FILMS
THE WEINSTEIN COMPANY
METRO-GOLDWYN-MAYER STUDIOS
DREAMWORKS PICTURES

The emergence of OTT platforms has disrupted the global entertainment sector. OTT services are making movie-watching experiences more convenient, providing accessibility along with affordability across a much wider segment of the users. With the ongoing lockdowns across economies, OTT platforms have emerged enormously in the world of entertainment.

Owing to very limited relaxations across geographies in the past few months, films have been bearing the brunt of closures of cinema complex and multiplexes. However, streaming of content hasn't stopped via the OTT platforms.

Releases via OTT have increased exponentially in the present years with leading players finding alternative ways via OTT platforms to generate revenue. Such enormous emergence of OTT platform will result in hampering the market expansion in the upcoming years.

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The motion picture industry is segmented into genre, demographics, dimension and region :-

By genre, the global market is classified into action, comedy, drama, fantasy, horror, romance, and others.
By demographics, it is bifurcated into children and adult.
By dimension, the market is divided into 3D & above and 2D. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study

By region, Asia-Pacific dominates in terms of motion picture industry and is expected to retain its dominance during the forecast period.
By genre, the fantasy segment led in terms of market share, in 2019; however, action segment is expected to gain market share in the upcoming years
By demographics, the adult segment accounted for about three-fourths share of the motion picture industry in 2019; however, the children segment is poised to grow at the highest CAGR during the forecast period.
By dimension, the 3D and above segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 10.1% during the motion picture industry forecast period.
By region, North America is anticipated to grow with robust CAGR of 8.7% during the forecast period.

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FREQUENTLY ASKED QUESTIONS?
Q1. What is the total market value of motion picture industry report?
Q2. What would be forecast period in the market report?
Q3. What is the market value of motion picture industry in 2027?
Q4. Which is base year calculated in the motion picture industry report?
Q5. Which are the top companies hold the market share in motion picture industry?

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