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Media Global Market Size, Share 2023 | Global Industry Demand, Key Players, Future Growth Rate, Business Development, Trends, Drivers And Forecast To 2032
Media Market
The Business Research Company's Media Global Market Report 2023 identifies Virtual reality (VR) is increasingly as the major driver for the Media Market's growth in the forecast period. Live events such as sports and music are expected to boost the demand for VR adoption during the forecast period, by helping audiences to connect with major events through a dynamic environment. For example, NextVR, a virtual reality platform for delivering live content, streamed Daytona 500 and a democratic debate.
The global media market grew from $2,195.19 billion in 2022 to $2,371.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. 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 media market is expected to grow to $3,200.17 billion in 2027 at a CAGR of 7.8%.
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Major competitors in the Media Market are Google, Facebook Inc., AT&T Inc., Netflix Inc., The Walt Disney Company.
A key trend in the Media Market includes autonomous drones. Autonomous drones are flying gadgets equipped with multiple rotors, a built-in high-resolution camera, and algorithms for capturing videos and pictures. It offers a 360-degree experiential recording experience with minimum human intervention. They are used to capture aerial shots, taking footage and images without having a cameraman on an actual helicopter. For instance, Major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG.
Read More On The Global Media Market Report Here:
https://www.thebusinessresearchcompany.com/report/media-global-market-report
The Media Market is segmented -
• By Type: TV And Radio Broadcasting, Film And Music, Information Services, Web Content, Search Portals And Social Media, Print Media, Cable and Other Subscription Programming
• By Revenue Model: Subscription, Advertisement, Sponsorship, Other Revenue Models
• By Application: Wired, Wireless
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Media Market.
The Business Research Company's "Global Media 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 Media Market Include:
1. Executive Summary
2. Report Structure
3. Media Market Characteristics
4. Media Market Product Analysis
5. Media Market Supply Chain
……………………………………….
20. Africa Media Market
21. Media Market Competitive Landscape
22. Key Mergers And Acquisitions In The Media Market
23. Recommendations
24. Appendix
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