Movies Entertainment Market
Report ID: SQMIG50H2005
Movies Entertainment Market Size, Share, Growth Analysis, By product(movies, music and videos), By Type(print, digital and streaming media), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG50H2005 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
65
Movies Entertainment Market Insights
Movies Entertainment Market size was valued at USD 84.62 billion in 2021 and is poised to grow from USD 104.25 billion in 2022 to USD 169.6 billion by 2030, at a CAGR of 7.2% during the forecast period (2023-2030).
Movies and entertainment are recorded images and videos which give people pleasure. The popularity of platforms for streaming music, movies, and television shows is stoking the demand for movies and entertainment. As consumers become more digitally attracted, their movies and entertainment consumption have also altered from multitasking while watching TV to using several devices to get information. This presents opportunities for businesses in this sector in terms of the distribution and use of print and digital information. While making investments in this industry, the main business goal is mainly the user experiences and their engagement with the media.
The broadcast sector, which generates the majority of its revenue from television shows and advertisements, dominates the market. The market for movies and entertainment is expected to rise as a result of the rising popularity of 3D films that provide viewers a virtual reality experience. Moreover, due to covid 19 most of the countries declared the lockdown. As a result, more people were using OTT services like Spotify, Netflix, and Amazon which drive the segment's growth during the forecast period
US Movies Entertainment Market is poised to grow at a sustainable CAGR for the next forecast year.
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Movies Entertainment Market Segmental Analysis
Global Movies entertainment market is segmented based on the product, type and region. Based on product, the market is segmented into movies, music and videos. Based on Type, the market is segmented into print, digital and streaming media. Based on Region it is categorized into North America, Europe, Asia-Pacific, and LAMEA.
Movies Entertainment Market Analysis by Product
Based on the product, the world's civilizations have been significantly influenced by movies over the years. Due to its prominence in people's lives, film has mostly replaced other forms of entertainment in the view of people’s preference. Due to quality advancements, quicker production, and better storage alternatives the movie market is growing significantly. Moreover, It is predicted that the music & video section will expand in the forecasting period. The main element which contributes to the rise of the music and video market is users' growing preference for Over-the-Top (OTT) platforms on a global scale. Moreover, live performance and broadcasting is anticipated to drive the segment’s growth during the forecast period.
Movies Entertainment Market Analysis by Type
Based on type, In recent years, digital media has revolutionised the entertainment sector. People are more attracted toward the digital segment as it provides a platform so people can enjoy videos, images, games and others anywhere and anytime.
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Movies Entertainment Market Regional Insights
North America dominated the Movies entertainment market in 2021. The lucrative expansion of the movies & entertainment sector in this area is facilitated by innovation in the creation of movies through cutting-edge graphics techniques. Additionally, it is projected that a rise in the number of 3D motion pictures with sound and visual effects that provide viewers a virtual reality experience will have a beneficial impact on revenue growth in North America.
The Asia Pacific area is anticipated to experience significant growth in a forecasting year. The region's expanding leisure and entertainment spending is primarily responsible for the rise of the movies and entertainment business. The rising popularity of Chinese, Japanese, South Korean, and Indian films and music is expected to fuel further growth. The growing popularity of music and videos from other developing countries like India, the Philippines, Vietnam, and Australia is expected to support regional market growth.
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Movies Entertainment Market Dynamics
Movies Entertainment Market Drivers
Rapidly Changing Lifestyle is Bolstering Demand for Movies Entertainment
- The changing lifestyle and Ease-Of-Use has changed the preference of peoples toward the use of smart devices and digital platforms. Moreover, the rising popularity of this platform and flexibility is the key factor in influencing the movies entertainment market. This has positively impacted market growth to increase its market value.
- Rise in penetration of internet and smartphone devices is the key contribution factor in the movies entertainment market growth. It has driven the peoples mind and attraction also offered the convenient facilities to the users.
Movies Entertainment Market Restraints
High Cost to Hinder Market Growth
The high cost is involved in the Movies entertainment market. So the high investment requirement is restraints and challenges for the movies entertainment market.
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Movies Entertainment Market Competitive Landscape
The Movie entertainment market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Movies Entertainment Market Top Player's Company Profiles
- BA Corporation and CBS Broadcasting Inc.
- Time Warner
- Viacom Inc.
- Comcast
- Netflix, Inc.
- Vivendi
- Universal Pictures
Movies Entertainment Market Recent Developments
- In February 2022, Sony Entertainment Talent Ventures India was created by Sony Music Entertainment and Sony Pictures Entertainment (SETVI). By utilising India's commercial skill and celebrity power in film, music, television, digital, and gaming, this cross-corporation joint venture will create investment and partnership opportunities.
- In February 2021, The Star brand launched by disney+ in western europe, canada, australia, and new zealand. This brand include, a selection of general entertainment movies, television shows, and documentaries. The brand hopes to do this to expand its geographic reach.
Movies Entertainment Key Market Trends
- The 3D effect of movies and videos offers the real experience and gives the true feel of videos and images. It Brings the audience closer to the characters and can immerse them in the story. This has attracted viewers more toward the Movies entertainment market and driving the market value.
Movies Entertainment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Movies Entertainment Market analysis, in terms of product, the segment movies, music and videos have held a larger market share. This was caused by the increasing demand for Over-the-Top (OTT) platforms. In terms of type, the segment digital market has positively contributed to the rising market value. Moreover, the new advancement and easiest use of this sector can maximize the market value in forecasting years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 84.62 billion |
| Market size value in 2031 | USD 169.6 billion |
| Growth Rate | 7.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Movies Entertainment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Movies Entertainment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Movies Entertainment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Movies Entertainment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Movies Entertainment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Movies Entertainment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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