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Entertainment And Media Market 2023-2032 Global Trends, Key Drivers, Regional Segments And Major Players | Comcast Corporation, Grupo Televisa S.A.B., Vivendi SE, The New York Times, Viacom 18
Entertainment And Media Market
The Business Research Company's Entertainment And Media Market identifies Increasing penetration of smartphones as the major driver for the Entertainment And Media Market's growth in the forecast period. Smartphones are portable electronic gadgets enabling users to browse the internet, send and receive texts, and call others. Due to their enhanced portability and connection, smartphones allow users to access information and entertainment practically wherever and anytime they choose, so the increasing penetration of smartphones will propel the growth of the entertainment and media market.
The global entertainment and media market size is expected to grow from $2,322.46 billion in 2022 to $2,507.25 billion in 2023 at a compound annual growth rate (CAGR) of 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 global entertainment and media market size is expected to reach $3,304.51 billion in 2027 at a CAGR of 7.1%.
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Major competitors in the entertainment and media global market are Comcast Corporation, Grupo Televisa S.A.B., Vivendi SE, The New York Times, Viacom 18, The Walt Disney Company, Bertelsmann SE & Co. KGaA, VOOT, Sun TV Network Limited, Dish TV India Limited, Zee Entertainment Enterprises Limited, Sony Group Corporation, Eros International, New Delhi Television Ltd., PVR Cinemas, and Reliance MediaWorks Ltd.
A key trend in the Entertainment And Media Market includes adoption of cutting-edge technologies. Companies operating in the entertainment and media market are focusing on the adoption of cutting-edge technologies, to sustain their position in the market. For instance, in April 2022, HCL Technologies (HCL), an India-based, company engaged in Information Technology services, launched All Access Media Marketplace Platform to streamline the pre-production, production, and post-production phases of content development and delivery in media and entertainment. The HCL Workflow Creator serves as a machine-to-human interface, assisting in the creation of software-defined workflows and enabling the secure transfer of information assets from the studio or set to private data centers, shared space providers, SaaS cloud-based tools, and hyperscalers via telcos and transporters. It is developed in collaboration with Microsoft and CoreSite, an American Tower Corporation firm ("CoreSite"), to address the workflow development, applications, and vendor discovery pain points experienced by many media makers.
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The Entertainment And Media Market is segmented -
By Product: Film, Music, Social Media, Video And Animation, Video Games, Other Products
By Revenue Type: Advertisement Revenue, Subscription-Based Revenue, Other Revenues
By Application: Wire, Wireless, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Entertainment And Media Market.
The Business Research Company's "Global Entertainment And 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 Entertainment And Media Market Include:
1. Executive Summary
2. Entertainment And Media Market Characteristics
3. Entertainment And Media Market Trends And Strategies
4. Entertainment And Media Market - Macro Economic Scenario
5. Entertainment And Media Market Size And Growth
……
26. Africa Entertainment And Media Market
27. Entertainment And Media Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Entertainment And Media Market
29. Entertainment And Media Market Future Outlook and Potential Analysis
30. Appendix
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