Online Entertainment Market Size, Share, Growth & Forecast, 2032 | Netflix, The Walt Disney Company, Comcast Corporation & Others

The global online entertainment market size hit USD 90.23 billion in 2023. The market is anticipated to rise from USD 99.98 billion in 2024 to USD 261.23 billion by 2032, exhibiting a CAGR of 12.76% during the analysis period.

Online entertainment sites offer excitement and relaxation to viewers and incorporate Large Language Model-based (LLM-based) algorithms to build their attention through personalized shows. The escalating popularity of smart home devices is anticipated to open lucrative avenues for industry players over the ensuing years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/online-entertainment-market-110346

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

▶ Netflix (U.S.)
▶ The Walt Disney Company(U.S.)
▶ Comcast Corporation(U.S.)
▶ Sony Group Corporation (Japan)
▶ Nintendo Co., Ltd. (Japan)
▶ Electronic Arts Inc. (U.S.)
▶ Spotify (Sweden)
▶ NetEase, Inc. (China)
▶ Universal Music Group (Netherlands)
▶ com, Inc. (U.S.)
▶ Flutter Entertainment plc. (Ireland)
▶ Tencent (China)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Games Segment to Exhibit Fastest Growth Due to Soaring Number of Group Plays

By form, the market is fragmented into audio, games, video, and others. The games segment held a leading market share in 2023 and is anticipated to expand at the fastest rate over the projection period. The segment's growth is fueled by the mounting number of group plays for discovering the vital roles of new online games.

Desktop/Laptop Segment to Grow at Fastest Rate Owing to Escalating Demand for High-Performing Laptops

By device, the market is classified into desktop/laptop, smartphones/mobile phones, TV, and others. The desktop/laptop segment is slated to surge at the fastest rate over the analysis period considering the escalating demand for ergonomically designed, high-performing gaming laptops.

On the basis of geography, the market for online entertainment has been analyzed across South America, Asia Pacific, North America, Asia Pacific, and the Middle East & Africa.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/online-entertainment-market-110346

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

The report presents the competitive landscape of the industry and enlists the major factors propelling market expansion. It also gives an in-depth industry analysis on the basis of form, device, and geography. The key trends in the market have also been mentioned in the report.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

Mounting Digital Advertising Expenditure to Propel Industry Expansion

The soaring expenditure on digital marketing and advertising campaigns is anticipated to augment service demand, impelling online entertainment market growth. For instance, Nintendo Co. Ltd., registered a surge of 1.22% in its advertisement expenditure, touching USD 714.10 million in FY ending 31st March 2023.

However, escalating incidences of gaming addiction may create challenges for industry growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America Accounted for Major Share Driven by Rising Popularity of Online Gaming

The rising viewership rates in North America are slated to spur the industry expansion in the region. In the U.S., the average time spent on subscription videos surged to 79.8 minutes/day in 2021 from 36.7 minutes/day in 2017, as per the Motion Pictures Organization. The regional online entertainment market share stood at a dominant position in 2023, propelled by the escalating popularity of online gaming.

Asia Pacific is anticipated to expand at the fastest rate over the forecast period favored by the surging consumer preference for TV shows and videos based on cultural entertainment.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Leading Companies Forge Partnerships to Provide Enhanced Customer Experience

To enhance customer experience, major companies are forging collaborations to develop new offerings. Such steps are also being adopted for consolidating their positions in the global market. The Walt Disney Company is one of the prominent players in the online entertainment market.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: https://www.fortunebusinessinsights.com/online-entertainment-market-110346

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

April 2024 - Lionsgate Play struck a collaboration with Smart Communications, Inc., for improving online entertainment in the Philippines. The move would provide Smart Prepaid and Smart Postpaid subscribers access to Lionsgate Play's library of series and movies at affordable rates.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519

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This release was published on openPR.