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Film And Video Global Market Report 2024 To 2033 | The Walt Disney Company, WARNER BROS. DISCOVERY, INC, Comcast Corporation, Paramount Global, Vivendi SA, Sony Corporation
Film And Video Market Forecast
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According to The Business Research Company's, The film and video market size has grown strongly in recent years. It will grow from $285.62 billion in 2023 to $304.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased numbers of television channels, increasing internet penetration, increase in tme (technology, media and entertainment) mergers, growth in world population, rapid urbanization and strong economic growth in emerging markets.
The film and video market size is expected to see strong growth in the next few years. It will grow to $390.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for video content, rising use of social media platforms, digitization and increase in mobile video viewing. Major trends in the forecast period include autonomous drones aiding film and video production, 3d previsualization, motion capture technology, virtual production, 4k technology and streaming and on-demand platforms.
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Market Drivers and Trends:
Mobile video viewing has increased significantly in recent years and is expected to grow further during the forecast period. This is mainly driven by the rise in internet penetration and growth in smartphone usage. For instance, according to Marketsplash, a US-based company that offers services for digital marketing, design, and online publication, approximately 3 billion online users have seen or watched video content on average monthly by 2022. Mobile devices account for an astounding 90% of all views of videos. Thus, a rapid increase in mobile video consumption is expected to drive the film and video market during the forecast period.
Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost-effective, lightweight, and reduce risks associated with cranes and cable cams during filmmaking. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution cameras, 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Bunge Limited, Wilmar International Limited, Archer Daniels Midland Company (ADM), Mewah International Inc, AAK AB, Cargill, Incorporated, The Nisshin Oillio Group, Musim Mas Group, Fuji Oil Co. Ltd, Associated British Foods PLC, Miyoshi Oil & Fat Co Ltd, IOI Group, Fairchem, Australian Chemical Industries Int Co, Jayant Oils And Derivatives Ltd, Atlas Chemicals, Guangdong Jiangmen Chemical Plant, Shanghai Yan'an Grease Chemical Co Ltd, Gysmecol (Guangzhou) Technology Co Ltd, Eastman Chemical Company, BASF SE, Aker BioMarine, Oleon NV, Emery Oleochemicals GmbH, Kao Oleochemical, Ashland Global Specialty Chemicals Inc, Zaplaza Tec, Krasnogorsk Oil Plant Llc, Th Ekobiotek-Uktaine Ltd, Verona Agroexport, Pe Rpc Elitphito, Oliya Voluni, Flp Kasap, Bulk Apothecary, Vigon International, Ingredients Online, Sonneborn LLC, Welch Holme & Clark Co Inc, Amazonian Natural Oils, Copacol foods, Crista Industria E Comercio Ltda, Romero E Jacobucci Ltda, Arab Sudanese Vegetable Oil Company (ASVOC), Emek Yag Sanayii AS, Egenin Kalbi, Balsari Yag Sanayi Ve Ticaret Limited Sirketi, United Foods Company, Abu Dhabi Vegetable Oil Company (ADVOC), AJWA Group Food Industries, Olam Togo SARL.
Film And Video Market 2024 Key Insights:
• The film and video market size is expected to see strong growth in the next few years. It will grow to $390.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Explosive Growth In Mobile Video Consumption Fuels Film And Video Market Expansion
• Soaring Influence Of Autonomous Drones In Film And Video Production
• North America was the largest region in the film and video market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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