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Comprehensive Entertainment And Media Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Entertainment And Media Market Analysis
The rise in smartphone usage is set to boost the expansion of the entertainment and media market. These portable electronic devices that allow internet browsing, text messaging, and calling, offer enhanced mobility and connectivity. This lets individuals access information and entertainment at virtually any time and place, thus, the surge in smartphone usage will foster the development of the entertainment and media market. For example, a 2022 report by Uswitch Limited, an online and telephone comparison and switching service based in the UK, stated that there were 71.8 million active mobile connections. With an expected 68.3 million population in the UK by 2025, 95% are projected to own smartphones. Furthermore, as per Catch Connect, a mobile plan provider in Australia, in April 2022, smartphones were being used by 79.60% of Australians. The number of smartphone users is forecasted to hit 2.8 million by 2022. Consequently, the escalating smartphone usage is catalysing the growth of the entertainment and media market.
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How will the growth rate of the entertainment and media market shape industry trends by 2034?
In recent times, there has been a robust expansion in the entertainment and media market size. It is projected to escalate from $2671.36 billion in 2024 to $2871.79 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. Factors such as the increased adoption of smartphones, influence of social media, the dominance of streaming services, personalization of content, and the globalization of content have contributed to the growth observed in the historic period.
The market size of media and entertainment is set to witness robust expansion in the coming years, anticipated to reach "$3825.97 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 7.4%. The predicted growth in this period can be credited to factors such as the adoption of subscription-based models, advancement in live events, the rise of podcasting, interactive and immersive content, emphasis on sustainability in entertainment, and regulatory modifications. Key trends that will mark the forecasted period encompass media's usage of blockchain, AI and machine learning incorporation, progression in remote production technologies, the presence of Augmented Reality (AR) and Virtual Reality (VR), and the growth of the metaverse.
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What trends are poised to drive the future success of the entertainment and media market?
Embracing advanced technologies is a prominent trend observed in the entertainment and media industry. Firms in this sector are prioritizing the integration of these novel technologies to maintain their market standing. For example, in April 2022, India-based IT services firm, HCL Technologies (HCL), introduced the All-Access Media Marketplace Platform, designed to facilitate efficient management of pre-production, production, and post-production stages in media and entertainment. The HCL Workflow Creator, acting as an intermediary between machines and humans, aids in curating software-defined workflows and ensures safe transmission of informational assets from the studio or set to private data centers, shared space providers, SaaS cloud-based utilities, and hyperscaler via telcos and carriers. This is a collaborative endeavor with Microsoft and CoreSite, a subsidiary of the American Tower Corporation, to tackle workflow creation, application, and vendor discovery challenges frequently encountered by media creators.
Which primary segments of the entertainment and media market are driving growth and industry transformations?
The entertainment and media market covered in this report is segmented -
1) By Product: Film, Music, Social Media, Video And Animation, Video Games, Other Products
2) By Revenue Type: Advertisement Revenue, Subscription-Based Revenue, Other Revenues
3) By Application: Wire, Wireless, Other Applications
Subsegments:
1) By Film: Feature Films, Documentaries, Short Films, Animated Films
2) By Music: Recorded Music, Live Music Performances, Music Streaming Services, Music Publishing
3) By Social Media: Social Networking Platforms, Content Creation and Sharing Platforms, Influencer marketing
4) By Video And Animation: Online Streaming Videos, Animated Series And Shorts, Corporate And Promotional Videos
5) By Video Games: Console Games, PC Games, Mobile Games, Virtual Reality (VR) Games
6) By Other Products: E-books, Podcasts, Live Events And Experiences, Merchandise
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Which geographical regions are pioneering growth in the entertainment and media market?
North America was the largest region in the entertainment and media market in 2024. The regions covered in the entertainment and media market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the entertainment and media market landscape?
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
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What Is Covered In The Entertainment And Media Global Market Report?
• Market Size Forecast: Examine the entertainment and media market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the entertainment and media market for a structured understanding.
• Key Players Overview: Analyze major players in the entertainment and media market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the entertainment and media market.
• Segment Contributions: Evaluate how different segments drive overall growth in the entertainment and media market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the entertainment and media market.
• Industry Challenges: Identify potential risks and obstacles affecting the entertainment and media market.
• Competitive Landscape: Review strategic developments in the entertainment and media market, including expansions, agreements, and new product launches.
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