Press release
Global Expansion in Entertainment and Media Market: Seize Opportunities from Increased Smartphone Penetration and Emerging Technologies
"Rapid Growth and Promising Trends in the Entertainment and Media Market
The entertainment and media market is blooming with a promising growth rate and trend shifts underpinned by technological advancements. The market is anticipated to register a notable increase from $2671.36 billion in 2024 to $2871.79 billion in 2025, at a CAGR of 7.5%. By 2029, the market is expected to expand further to $3825.97 billion at a significant CAGR of 7.4%. The projected growth is largely influenced by adoption of smartphone technology, content personalization, streaming service proliferation, and regulatory changes, among others.
What Is The Projected Market Size Of The Global Entertainment And Media Market And Its Growth Rate?
• The entertainment and media market exhibits strong growth from $2671.36 billion in 2024 to $2871.79 billion in 2025, owing to factors such as smartphone adoption, social media influence, dominance of streaming services, content personalization, and globalization of content.
• The market is forecasted to grow robustly to $3825.97 billion in 2029 at a CAGR of 7.4%. The growth in the forecast period can be attributed to the adoption of subscription models, live events evolution, podcasting growth, interactive and immersive content, sustainability in entertainment, and regulatory changes.
What Is Driving The Growth In The Entertainment And Media Market?
The entertainment and media market is witnessing a significant boost from the increased penetration of smartphones. As portable electronic devices, smartphones enable users to browse the internet, send and receive texts, and make calls, thereby providing easy access to entertainment and information anywhere, anytime. For instance, a report by Uswitch Limited projected that by 2025, 95% of the 68.3 million UK population will have smartphones. Similarly, according to Catch Connect, 79.60% of the Australian population used a smartphone as of April 2022, with the number of smartphone users predicted to reach 2.8 million by 2022. Such trends underpin the potential of smartphone penetration in propelling the growth of the entertainment and media market.
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Who Are the Key Players Driving Entertainment And Media Market Growth?
Major companies operating in the entertainment and media market include:
• Comcast Corporation
• Grupo Televisa S.A.B.
• Vivendi SE
• The New York Times Co.
• Viacom 18 Media Pvt. Ltd.
• The Walt Disney Company
• Bertelsmann SE & Co. KGaA
• Sun TV Network Limited
• Dish TV India Limited
• Zee Entertainment Enterprises Limited
• Sony Group Corporation
• Eros International
• New Delhi Television Ltd.
• Advance Publications Inc.
• iHeartMedia Inc.
• Discovery Inc.
• Warner Media LLC
• Verizon Communications Inc.
• Alphabet Inc.
• Baidu Inc.
• Bilibili Inc.
• Lagardère SCA
• Time Magazine Inc.
• Rolling Stone LLC
• Billboard
• Variety Ltd.
• The Hollywood Reporter
What Are The Key Trends In The Entertainment And Media Market?
Key trends in the entertainment and media market include:
• Blockchain in media
• AI and machine learning integration
• Remote production technologies
• Augmented reality (AR) and virtual reality (VR)
• Metaverse development
What Are The Segments Of The Global Entertainment And Media Market?
The global entertainment and media market is divided into:
1) Product: Film, Music, Social Media, Video And Animation, Video Games, Other Products
2) Revenue Type: Advertisement Revenue, Subscription-Based Revenue, Other Revenues
3) Application: Wire, Wireless, Other Applications
Which Region Leads The Entertainment And Media Market?
North America leads the entertainment and media market as of 2024. Other key regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Entertainment And Media Market Global Market Report?
- Market Size Analysis: Analyze the Entertainment And Media Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Entertainment And Media Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Entertainment And Media Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Entertainment And Media Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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