Press release
2025-2034 Entertainment And Media Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Entertainment And Media
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What Is the Expected CAGR for the Entertainment And Media Market Through 2025?_x000D_
The size of the entertainment and media market has experienced robust growth in recent times. It is poised to escalate from $2671.36 billion in 2024 to $2871.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.5%. Factors such as the rise in smartphone usage, the impact of social media, the supremacy of streaming services, tailoring of content, and content globalization have all contributed to the market's expansion in the historic phase._x000D_
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What's the Projected Size of the Global Entertainment And Media Market by 2029?_x000D_
The size of the entertainment and media market is forecasted to witness substantial expansion in the coming years, with estimations suggesting a growth to "$3825.97 billion by 2029, corresponding to a compound annual growth rate (CAGR) of 7.4%. Several factors are thought to fuel this growth, such as the increased popularity of subscription-based systems, the evolution of live events, the rising trend of podcasting, interactive and immersive content, a focus on sustainability in entertainment, and modifications in regulations. Key trends projected during the forecasting period include the incorporation of blockchain in media, integration of AI and machine learning, the implementation of remote production technologies, the utilization of augmented reality (AR) and virtual reality (VR), and the development of the metaverse._x000D_
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Top Growth Drivers in the Entertainment And Media Industry: What's Accelerating the Market?_x000D_
The proliferation of smartphones is anticipated to enable the entertainment and media market to flourish. These mobile devices, which provide individuals with the capacity to surf the internet, exchange messages, and make calls owing to their mobility and connectivity, can be used virtually anywhere and at any time for information and entertainment access. Consequently, the escalating prevalence of smartphones is predicted to spur the expansion of the entertainment and media market. For example, a study conducted by Uswitch Limited, a telephone and online comparison and switching service active in the UK, revealed 71.8 million active mobile connections in 2022. The UK is estimated to house 68.3 million inhabitants by 2025, with 95% of them being smartphone owners. Furthermore, Catch Connect, an Australian mobile plan provider, reported in April 2022 that 79.60% of Australia's total population were smartphone users. The count of smartphone users is anticipated to surge to 2.8 million by 2022. Hence, the intensifying saturation of smartphones is propelling the growth of the entertainment and media market._x000D_
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What Trends Will Shape the Entertainment And Media Market Through 2029 and Beyond?_x000D_
The rising trend of utilizing advanced technologies is becoming increasingly prevalent in the entertainment and media industry. Firms in this industry are prioritizing the implementation of such technologies to maintain their market standing. For example, in April 2022, HCL Technologies (HCL), an Indian IT services provider, introduced the All-Access Media Marketplace Platform to enhance the efficiency of content development and delivery throughout the pre-production, production, and post-production stages in the media and entertainment industry. The HCL Workflow Creator serves as a bridge from machine to human, supporting the creation of software-defined workflows and ensuring the safe relocation of information resources from studios or sets to private data centres, coworking spaces, SaaS cloud-based tools, and hyperscalers through telcos and transporters. This was initiated in partnership with Microsoft and CoreSite, a firm owned by American Tower Corporation ("CoreSite"), aiming to tackle the challenges associated with workflow creation, applications, and vendor discovery encountered by numerous media creators._x000D_
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What Are the Main Segments in the Entertainment And Media Market?_x000D_
The entertainment and media market covered in this report is segmented -_x000D_
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1) By Product: Film, Music, Social Media, Video And Animation, Video Games, Other Products_x000D_
2) By Revenue Type: Advertisement Revenue, Subscription-Based Revenue, Other Revenues_x000D_
3) By Application: Wire, Wireless, Other Applications_x000D_
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Subsegments:_x000D_
1) By Film: Feature Films, Documentaries, Short Films, Animated Films_x000D_
2) By Music: Recorded Music, Live Music Performances, Music Streaming Services, Music Publishing_x000D_
3) By Social Media: Social Networking Platforms, Content Creation and Sharing Platforms, Influencer marketing_x000D_
4) By Video And Animation: Online Streaming Videos, Animated Series And Shorts, Corporate And Promotional Videos_x000D_
5) By Video Games: Console Games, PC Games, Mobile Games, Virtual Reality (VR) Games_x000D_
6) By Other Products: E-books, Podcasts, Live Events And Experiences, Merchandise_x000D_
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Which Top Companies are Driving Growth in the Entertainment And Media Market?_x000D_
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_x000D_
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Which Regions Will Dominate the Entertainment And Media Market Through 2029?_x000D_
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_x000D_
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2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
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Learn More About The Business Research Company_x000D_
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Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making._x000D_
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