The entertainment and media industry is undergoing significant transformation, driven by technological advancements and evolving applications. This transformation has compelled global entertainment and media enterprises to innovate their content offerings and distribution models in order to thrive in a highly competitive market. Major industry players continuously devise strategies to combine high-quality content and efficient distribution to enhance user experiences in terms of content discovery and pricing. Digital tools and platforms play a pivotal role in facilitating the efficient production, distribution, and consumption of content, revolutionizing the market’s growth.
Request To Download Free Sample of This Strategic Report:- https://www.reportocean.com/industry-verticals/sample-request?report_id=11100001
The global entertainment and media market is anticipated to reach approximately USD 6,709.4 billion by 2030, with a projected Compound Annual Growth Rate (CAGR) of 10.40% during the forecast period.
Market Segmentation
The market is segmented based on type and application:
By Type:
- Book & Magazine
- Films and Theatrical
- Social Media
- Music
- Animation
- Video Games
- Outdoor Advertising
- Radio and Broadcasting
- Amusement Park/Facilities
- Sports
- Toys
- Art
The media and entertainment industry is evolving rapidly, primarily due to the proliferation of smart and connected devices like smartphones, tablets, smart speakers, gaming consoles, and smart TVs, along with the increased adoption of the Internet. In 2018, the books and magazine segment dominated the global entertainment and media market, generating the highest revenue of USD 345.5 billion, with an expected CAGR of 5.51% during the forecast period. The video games segment is projected to be the fastest-growing, with a CAGR of 14.95% during the same period.
By Application:
- Wired
- Wireless
Both wired and wireless applications involve data transmission between transmitters and receivers. The wired medium employs cables for transmission, while the wireless medium uses the frequency spectrum, such as radio waves and microwaves. These connectivity options are utilized in devices like smartphones, tablets, PCs, televisions, and gaming consoles for media and entertainment purposes. In 2018, the wired segment dominated the global entertainment and media market by application and is estimated to grow at a CAGR of 9.56% during the forecast period. However, the wireless segment is expected to be the fastest-growing segment during this period.
Key Players
Key players in the Entertainment and Media Market include:
- Baidu Inc. (China)
- News Corporation (US)
- Advance Publications, Inc. (US)
- iHeartMedia, Inc. (US)
- Discovery, Communication Inc. (US)
- Grupo Globo (Brazil)
- Warner Media, LLC (US)
- Verizon Communications Inc. (US)
- Alphabet Inc. (US)
- Comcast Corporation (US)
- Facebook, Inc. (US)
- Bertelsmann SE & Co. KGaA (Bertelsmann) (Germany)
- Viacom, Inc. (US)
- CBS Corporation (US)
- The Walt Disney Company (US)
Market Analysis and Forecast
The objectives of the global entertainment and media market analysis and forecast from 2018 to 2030 include:
- Providing a detailed analysis of the market structure, along with forecasts for various segments and sub-segments of the global media and entertainment market.
- Offering insights into the factors influencing market growth.
- Analyzing the entertainment and media market based on value chain and Porter’s five force analysis.
- Providing historical and forecast revenue figures for the market segments and sub-segments in four main geographies: North America, Europe, Asia-Pacific, and the rest of the world.
- Offering country-level analysis of the market concerning current market size and future perspectives.
- Providing country-level analysis for market segments based on type, end-user, and region.
- Conducting strategic profiling of key players in the market, comprehensively analyzing their core competencies and creating a competitive landscape for the market.
- Tracking and analyzing competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the media and entertainment market.
Target Audience
The following entities are the primary target audience for this report:
- Television companies
- Managed service providers and middleware companies
- Gaming companies
- Advertising and marketing agencies
- Amusement park operators
- Sports organizations
- Investors
Key Findings
- The global entertainment and media market is projected to reach USD 6,709.4 billion by 2030.
- The books and magazines segment dominated the market by type, generating the highest revenue of USD 345.5 billion in 2018 and is expected to maintain its lead, with a CAGR of 5.51% during the forecast period.
- Wired connectivity accounted for the largest market share in the application category in 2018, with a market value of USD 1,327.7 billion. It is estimated to grow at a CAGR of 9.59% during the forecast period.
- Geographically, North America is expected to hold the largest market share in the global media and entertainment market, followed by Europe.
Regional and Country Analysis
Geographically, North America dominates the global entertainment and media market due to the presence of key players such as Comcast Corporation, The Walt Disney Company, Google LLC, Facebook Inc., Warner Media LLC, Viacom Inc., Time Inc., and others. The region serves as a global hub for a wide range of media and entertainment offerings, including film and television, music, social media, sports, arts, theater, video games, and publishing. The American Film Industry, notably Hollywood, generates substantial annual revenue, contributing to the market’s growth in this region.
The media and entertainment industry in North America also benefits from robust news broadcasting services provided by various enterprises in the US, Canada, and Mexico. Consumers in North America are increasingly adopting smartphones, smart devices like digital assistants and smart speakers, and the Internet for entertainment purposes.
Asia-Pacific is the fastest-growing market due to the growing entertainment and media market in countries such as India and China. These countries, with their large populations, have a high demand for high-quality media content.
The report also covers the following country-level analysis:
North America:
- United States (US)
- Canada
- Mexico
Europe:
- Germany
- United Kingdom (UK)
- France
- Italy
- Rest of Europe
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
Rest of the World:
- Middle East & Africa
- Latin America
Market Dynamics
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women.
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
About Report Ocean
Report Ocean is a leading provider of market research reports, known for its informative research reports. The company is dedicated to offering clients both quantitative and qualitative research results. Leveraging the latest technology, analysis tools, and unique research models, Report Ocean provides comprehensive industry coverage, enabling informed and strategic business decision-making.