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AI In Media And Entertainment Market 2023 - Industry Analysis, Market Size, Leading Players, Trends, And Forecast To 2032
AI In Media And Entertainment Market Analysis
The Business Research Company's AI In Media And Entertainment Global Market Report 2023 identifies spike in popularity of OTT platforms and growth in online game streaming as the major driver for the AI in media and entertainment market's growth in the forecast period. The presence of subscribers on over-the-top (OTT) platforms is growing due to improved networks, more robust internet connectivity, and multimedia service-capable mobiles. Recently, the market has also shown growth in the online gaming industry due to an array of factors such as increased penetration of affordable internet, access to online games, and large-scale development in the gaming industry. This increasing demand for OTT platforms and online gaming has boosted the utilization of AI in gaming and OTT to deliver a realistic gaming and virtual experience for players and viewers on a virtual platform.
The global AI in media & entertainment market size is expected to grow from $10.74 billion in 2022 to $13.72 billion in 2023 at a compound annual growth rate (CAGR) of 27.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AI in media & entertainment market is expected to grow to $34.86 billion in 2027 at a CAGR of 26.3%.
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Major competitors in the AI in media and entertainment market are Amazon Web Services Inc., Veritone Inc., Gravity Media, GrayMeta Inc., International Business Machines Corp., LMG LLC, Pixellot Ltd.
A key trend in the AI in media and entertainment market includes advancement in implementing cloud-based applications and services. Major market players in the industry are implementing cloud-based applications and services to grow enhancements in the sector and gain a competitive edge in the market. For instance, in May 2021, Tata Consultancy Services (TCS), an India-based information technology company, launched an intelligent cloud-based subscription solution for media companies to improve the customer experience and increase revenue. TCS' intelligent subscription solution uses SAP business technology by leveraging the cloud, artificial intelligence, and machine learning to personalize content duration and offer recommendations based on user profiles, preferences, and previous subscriptions.
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https://www.thebusinessresearchcompany.com/report/ai-in-media-and-entertainment-global-market-report
The AI in media and entertainment market is segmented -
1) By Solution: Hardware/Equipment, Services
2) By Product: Simulation FX, Animation, Modelling, Matte Painting, Compositing
3) By Application: Gaming, Fake Story Detection, Plagiarism Detection, Personalization, Production Planning & Management, Sales and Marketing, Talent Identification, Content Capture, Sports Automatic Productions
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI in media and entertainment market.
The Business Research Company's "Global AI In Media And Entertainment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI In Media And Entertainment Market Include:
1. Executive Summary
2. AI In Media & Entertainment Market Characteristics
3. AI In Media & Entertainment Market Trends And Strategies
4. AI In Media & Entertainment Market - Macro Economic Scenario
5. AI In Media & Entertainment Market Size And Growth
…….
26. Africa AI In Media & Entertainment Market
27. AI In Media & Entertainment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Media & Entertainment Market
29. AI In Media & Entertainment Market Future Outlook and Potential Analysis
30. Appendix
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