Movies And Entertainment Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Movies And Entertainment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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Market Drivers and Trends:

The rising popularity of 3D movies is expected to propel the growth of the movie and entertainment markets going forward. 3D movies refer to films that are three-dimensional and give viewers realistic experiences. 3D movies provide visual artistry, enhanced realism, effective audience engagement, and an enhanced experience for the audience. For instance, in September 2020, according to a report published by the Motion Picture Association, a US-based organization for the film and television industries, in 2021, 3D technology accounted for 7% of the worldwide box office business, an increase of 1% from 2020. Further, compared to 2020, the global 3D box office market increased by 112% to $1.4 billion in 2021. Therefore, the rising popularity of 3D movies drives the growth of the movie and entertainment market.

Major companies operating in the movie and entertainment market are focusing on developing advanced solutions such as streaming and playout SaaS (Software as a Service) to provide reliable services to their customers. Streaming and playout SaaS (Software as a Service) are cloud-based solutions offering complete video delivery platforms for media handling, live broadcasting, and playout. For instance, in October 2021, Evertz, a Japan-based communication equipment company, launched evertz.io, an advanced streaming and playout SaaS service featuring extensive video, audio, caption, and graphics insertion functionality. In addition, it provides a diverse set of streaming video inputs and outputs to customers, including the ability to stream in 4K ultra-high definition (UHD) with high dynamic range (HDR) and compatibility for major video transport technologies such as RIST, SRT, and ZIXI.

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Major Key Players of the Market:

Amazon.com Inc., Apple Inc., The Walt Disney Company, Netflix Inc., Twenty-First Century Fox Inc., The Cannon Group Inc., Paramount Global, Hulu LLC, Warner Bros. Entertainment Inc., Home Box Office Inc., Lions Gate Entertainment Corp., Universal Pictures Corporation, DreamWorks Animation LLC, Pixar Animation Studios, Village Roadshow Pictures, Focus Features LLC, Twentieth Century Studios Film Corporation, STX Entertainment LLC, Miramax LLC, Constantin Film AG, Participant Media LLC, Legendary Entertainment Productions LLC, A24 Films LLC, Blumhouse Productions LLC, Amblin Partners LLC

Movies And Entertainment Market 2024 Key Insights:

• The movies and entertainment market is expected to grow to $140.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• 3D Movie Craze Fueling Growth In The Movie And Entertainment Market
• Streaming And Playout Saas Solutions Revolutionizing The Movie And Entertainment Market
• North America was the largest region in the movies and entertainment market in 2023

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