Global movies & entertainment market is estimated
to reach USD 114.93 billion by 2025, according to a new report by Grand View
Research, Inc. Introduction to newer marketing and distribution platforms such
as IPTV, digital newspapers, DTH, digital cable, and online sales of music
& movies is anticipated to boost industry progress.
Decline in revenue growth in mature markets such as the U.S. and few
European countries is witnessed. Major players have adopted strategies like
regional expansion and distribution partnerships for expansion to untapped markets.
These players have shifted their focus on the production of regional content to
establish a strong connection with the audience in these markets.
Big studios are witnessed to adopt enhanced marketing strategies that
use advanced digital technology for communication. Investment in promotional
activates has increased drastically. Introduction of improved promotional
channels is expected to positively influence revenue growth.
Rapid increase in streaming of music has created new opportunities for
players to expand their business. Reduction in piracy rates due to the
emergence of online streaming service providers is anticipated to prevent loss
incurred by artists and producers.
The market has a low competitive rivalry due to the presence of a broad
range of audience with different tastes. However, players need to compete to
gain large share revenue by attracting more audience. Key players concentrate
on establishing a strong connection with the audience through promotional
events, consumer goods, and television shows.
Lucrative growth in Asia Pacific countries such as China, South Korea,
and India is projected. This is due to the presence of higher young population,
rapid adoption of digital technology, and increased disposable income of
families in these countries.
Full research report on movies & entertainment
market analysis: https://www.grandviewresearch.com/industry-analysis/movies-entertainment-market
Further key findings from the study suggest:
·
Movies dominated the market with 56.1 %
share revenue in 2016.
·
Innovation in the production of movies
through advanced graphics techniques contributes to lucrative growth.
·
Release of 3D motion pictures with sound
& visual effects giving users the experience of virtual reality is
anticipated to positively influence revenue growth.
·
Music & video are poised with fastest
growth rate owing to the rapid adoption of online streaming by the audience.
·
Emergence of online streaming service
providers reflects decline in piracy rates in developed regions.
·
Influence of Hollywood on other regional
cinemas is expected to drive progress in other countries.
·
Efforts to meet higher quality standards
and expectations of the audience is attributive to this progress.
·
Dominance of Hollywood in the global market
is a major factor that contributes to the largest revenue share of North
America in 2016.
·
However, close competition to Hollywood
from emerging markets such as China and India is projected to drive growth for
APAC region.
·
Key players operating in this industry
include CBS Corporation and CBS Broadcasting Inc., Sony Corporation, Disney,
Time Warner, 21st Century Fox, Viacom Inc., Comcast (NBCUNIVERSAL MEDIA, LLC.
& DreamWorks Animation LLC.).
·
Major players focus on the development of
regional content to grab the untapped markets.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented global movies & entertainment
market on the basis of product and region:
Movies &
Entertainment Product Outlook (Revenue, USD Million, 2013 - 2024)
·
Movies
·
Music & Videos
Movies &
Entertainment Regional Outlook (Revenue, USD Million, 2013 - 2024)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Latin America
o Brazil
·
MEA
o South Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-movies-entertainment-market
https://www.grandviewresearch.com/press-release/global-movies-entertainment-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
