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

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.