Media & Entertainment Market Grow with a CAGR of 7.65% through 2030F
The global Media & Entertainment market is expected to
grow in the future owing
to the digital transformation, streaming services growth, rising demand for
immersive content, advancements in technology, and evolving consumer
preferences.
According to
TechSci Research report, “Media & Entertainment Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”,
the global Media & Entertainment market stood at USD 31.45 billion in 2024 and is expected to
grow USD 46.39 billion by 2030 with a CAGR of 7.65% during the
forecast period. The global Media & Entertainment market is experiencing
significant growth owing to the advancements in 5G technology, revolutionizing
content delivery and consumption. With significantly faster internet speeds, 5G
enables seamless streaming of high-quality video, including 4K and 8K content,
on mobile devices without buffering. This enhanced connectivity also supports
immersive experiences such as augmented reality (AR) and virtual reality (VR),
creating new opportunities for interactive media. Also, 5G’s low latency allows
for real-time gaming and live streaming, improving user engagement across
platforms. As 5G networks expand globally, media companies can innovate more
rapidly, offering richer content experiences and expanding their reach to new
markets, fueling growth in the Media & Entertainment industry.
The global Media
& Entertainment market is expected to grow in the future owing to the rising
consumer demand for personalization. As audiences increasingly expect tailored
content experiences, platforms are leveraging artificial intelligence (AI) and
machine learning to analyze user preferences and deliver customized
recommendations. This shift is evident in streaming services like Netflix and
Spotify, which use algorithms to suggest shows, movies, and music based on
individual viewing or listening habits. Personalization enhances user
engagement, reduces churn, and fosters brand loyalty. Also, interactive
content, such as personalized ads and content formats, further increases
audience satisfaction. As consumers continue to seek more relevant and unique
experiences, personalized media offerings will play a central role in shaping
the future of the industry.
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"Global Media & Entertainment Market”
The global Media
& Entertainment market is segmented into type and region.
Based on the type,
the streaming media segment is the fastest growing in the global Media &
Entertainment market, driven by the increasing demand for on-demand, ad-free
content. Platforms like Netflix, Disney+, Amazon Prime Video, and Spotify have
become central to content consumption, offering vast libraries of movies, TV
shows, and music across multiple devices. The convenience of streaming,
combined with affordable subscription models, has led to widespread adoption
worldwide. Also, streaming platforms continue to innovate by producing
exclusive content, attracting new subscribers, and maintaining viewer
engagement. The growth of mobile and internet connectivity, along with the
shift away from traditional cable TV, has fueled the rapid expansion of the
streaming media segment, making it a dominant force in the industry.
Based on the
region, Asia-Pacific is the fastest-growing region in the global Media &
Entertainment market, driven by rapid digital adoption, increasing internet
penetration, and rising disposable incomes. The region's growing middle class
is fueling demand for diverse content across streaming services, mobile gaming,
and digital media. With the rise of platforms like Tencent Video, Hotstar, and
iQIYI, Asia-Pacific is witnessing a surge in local content production,
appealing to regional audiences. Also, advancements in mobile technology and
increasing use of smartphones are further boosting content consumption. The
expansion of 5G networks in key markets, such as China, India, and South Korea,
is also expected to accelerate growth, offering faster streaming and immersive
media experiences. As the region continues to embrace digital transformation,
Asia-Pacific is poised to lead the global Media & Entertainment market.
Major companies
operating in the global Media & Entertainment market are:
- NBC Universal
- Warner Bros. Discovery, Inc.
- Walt Disney Company
- Netflix Inc.,
- Bertelsmann SE & Co. KGaA
- Gannett Co., Inc
- Eros Media World Plc
- Axel Springer SE
- Reliance Industries Limited
- Comcast Corporation
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“The global Media
& Entertainment market is being fueled by the rising demand for news and politics genre
podcasts. As consumers seek real-time, in-depth coverage of current events,
podcasts have become a go-to platform for engaging with political discussions
and news analysis. The flexibility of podcasts allows listeners to stay
informed while multitasking, contributing to their growing popularity.
Platforms like Spotify, Apple Podcasts, and independent creators have
capitalized on this demand by offering content that ranges from daily news
summaries to detailed political debates. The appeal of these podcasts lies in
their ability to provide diverse perspectives, offer expert insights, and
foster conversations on critical global issues, positioning them as a vital
source of information in today’s media landscape, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
"Media &
Entertainment Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Type (Print Media
(Newspaper, Magazine, Billboard, Others), Digital Media (Television, Music
& Radio, Others), Streaming Media (OTT and Livestream)) By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global
Media & Entertainment market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global Media
& Entertainment market.
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