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Entertainment & Media Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2030

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Shweta Raj
Entertainment & Media Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2030

Global Entertainment & Media Market Research Report: Information By Type (Wired and Wireless), Application (Books & Magazine, Films & Theatrical, Social Media, Music, Animation, Video Games, Outdoor Advertising, Radio & Broadcasting, Amusement Park/Facilities, Sports, Toys and Arts) and Region (North America, Europe, Asia-Pacific and Rest of the World: Middle East & Africa and South America) - Forecast till 2030

Market Analysis

The entertainment & media market is likely to develop at a healthy 10.40% CAGR between 2018- 2030, states the recent Market Research Future (MRFR) analysis. The entertainment & media market includes every form of broadcasting medium, including TV, radio, magazines, newspapers, and also books, music, and film. 

Various factors are propelling the global entertainment and media market growth share. According to the recent MRFR report, such factors include the advances in digital technologies, the emergence of 5G network connectivity services, the impact of artificial intelligence on the gaming sector with increasing demand from consumers for an enhanced gaming experience, the proliferation of connected and smart devices like smart TVs, gaming consoles, smart speakers, tablets, and smartphones, and growing adoption of the internet. 

On the contrary, challenges of controlling piracy, proper enforcement of copyright laws, development of new media content, the emergence of a new culture, and the impact of the on-going COVID-19 pandemic are factors that may impede the global entertainment and media market growth over the forecast period. 

Segmental Analysis

The MRFR report highlights an inclusive segmental analysis of the global entertainment and media market based on application and type. 

By type, the global entertainment and media market is segmented into outdoor advertising, toys, book and magazines, radio and broadcasting, amusement park/facilities, art, sports, video games, animation, social media, music, and films and theatrical. Of these, books and magazines segment is predicted to lead the market over the forecast period. 

By application, the entertainment & media market is segmented into wireless and wired. Of these, the wired segment will dominate the market over the forecast period. 

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Competitive Analysis

Key players profiled in the global entertainment and media market report include The Walt Disney Company (US), CBS Corporation (US), Viacom, Inc (US), Bertelsmann SE & Co. KGaA (Bertelsmann) (Germany), Facebook, Inc. (US), Comcast Corporation (US), Alphabet Inc. (US), Verizon Communications Inc (US), Warner Media, LLC (US), Grupo Globo (Brazil), Discovery, Communication Inc (US), iHeartMedia, Inc. (US), Advance Publications, Inc. (US), News Corporation (US), and Baidu Inc. (China). 

Regional Analysis

Based on the region, the global entertainment and media market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. A major contribution from the US film & media enterprises and gaming & music industry, demand to access media and entertainment live by consumers on smartphones, presence of large and small media & entertainment conglomerates like cable & magazine subscriptions, newspaper, music services, video and streaming services, movie theatres, films, and television, excellent video distribution network is adding to the global entertainment and media market growth in the region. The United States holds the maximum share in the market for the presence of the world’s largest publishing sector that publishes e-books and content in educational and professional sectors and increasing demand of consumers for an enhanced reading experience. The US is followed by Canada and Mexico. 

The global entertainment and media market in Europe is predicted to hold the second-largest share over the forecast period. Rising internet penetration, the huge contribution from the media sector, presence of leading radio broadcasters in Western Europe comprising France, Spain, Germany, and the UK, and increasing internet access in Sweden, Italy, Denmark, and Russia are adding to the global entertainment and media market growth in the region. 

The global entertainment and media market in the APAC region is predicted to grow at a fast pace over the forecast period. Presence of a large population in India and China that demands high-quality media content, presence of leading media providers, growing adoption of tablets and smartphones in Japan and China, rapid growth in the entertainment & media industry in China, the advent of digital media, increasing digitalization, increasing adoption of media & entertainment services and products like films, video games, advertisements, and videos, and heavy investments made by the Chinese government enabling foreign companies to invest in local newspapers and magazines are adding to the global entertainment and media market growth in the region. 

The global entertainment and media market in the RoW is predicted to have steady growth over the forecast period. 

Get Full Report @ https://www.marketresearchfuture.com/reports/entertainment-and-media-market-7773

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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