Press release
AI in Media & Entertainment Market: A Significant Jump from $17.3 Billion in 2024 to $58.61 Billion by 2029, Driven by AI-Powered Solutions and Emerging Market Trends.
AI in Media & Entertainment Market
Unprecedented Growth in AI in Media & Entertainment Market: Underlying Factors and Anticipated Trends.
What Is The Projected Market Size Of The Global AI in Media & Entertainment Market And Its Growth Rate?
• In 2024, the AI in media & entertainment market size was a substantial $17.3 billion, and grew to $21.99 billion in 2025 at a compound annual growth rate (CAGR) of 27.1%
• Growth in this period was largely due to AI-enhanced services such as copyright protection, content personalization, game development, and increased streaming activities.
• An expected surge in market size to $58.61 billion is projected in 2029, showing a promising CAGR of 27.8%
• Advanced personalization, AI-generated content creation, extended AR and VR applications, and data-driven analytics are some of the known attributing factors for growth.
What Is Driving The Growth In The AI in Media & Entertainment Market?
The growing popularity of Over-The-Top (OTT) platforms and online game streaming serve as a driving force in the AI in media and entertainment market. Rising subscriptions to OTT platforms are seeing a high need for improved network and internet performance. Moreover, the online gaming industry has recently shown substantial growth, further fueling demand for AI in gaming for enhanced gaming experiences. For instance, a U.S. entertainment report in 2023 showed the U.S. video game industry contributing nearly $66 billion to the GDP, while globally, the industry reached $184 billion. Combined with a prediction by the Department of Foreign Affairs and Trade for the global digital games industry to be worth around $294 billion in 2024, it is clear that the rise in OTT platforms and online gaming streaming will significantly drive the market.
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Who Are the Key Players Driving AI in Media & Entertainment Market Growth?
• Amazon.com Inc.
• Alphabet Inc.
• Microsoft Corporation
• Intel Corporation
• International Business Machines Corp.
• Oracle Corporation
• NVIDIA Corporation
• Ericsson AB
• Dolby Laboratories Inc.
• Avid Technology Inc.
• Sony Corporation
• Technicolor SA
• Telestream LLC
• Vizrt Group AS
What Are The Key Trends In The AI in Media & Entertainment Market?
• Advanced content personalization
• AI-generated content creation
• Expanded AR and VR applications
• AI-enhanced user interaction
• Data-driven predictive analytics
• Content copyright protection
• Initial chatbot and interaction systems
• AI-enhanced editing
• Voice and language recognition
• Predictive analytics
What Are The Segments Of The Global AI in Media & Entertainment Market?
• Solution: Hardware/Equipment, Services
• Product: Simulation FX, Animation, Modelling, Matte Painting, Compositing
• Application: Gaming, Fake Story Detection, Plagiarism Detection, Personalization, Production Planning & Management, Sales and marketing, Talent Identification, Content Capture, Sports Automatic Productions
Which Region Leads The AI in Media & Entertainment Market?
North America leads the global AI in media & entertainment market share, topping the charts in 2024. Other key regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The AI in Media & Entertainment Market Global Market Report?
- Market Size Analysis: Analyze the AI in Media & Entertainment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI in Media & Entertainment 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 AI in Media & Entertainment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI in Media & Entertainment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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