AI In Media And Entertainment Market Analysis: Major Players, Lucrative Segments And Top Geographies
4 May, 2023
The global AI in media & entertainment market size is expected to grow from $10.74 billion in 2022 to $13.72 billion in 2023 at a compound annual growth rate (CAGR) of 27.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AI in media & entertainment market is expected to grow to $34.86 billion in 2027 at a CAGR of 26.3%.
Global AI In Media And Entertainment Market Key Driver
The spike in popularity of OTT platforms and growth in online game streaming are expected to propel AI in media and entertainment market. The presence of subscribers on over-the-top (OTT) platforms is growing due to improved networks, more robust internet connectivity, and multimedia service-capable mobiles. Recently, the market has also shown growth in the online gaming industry due to an array of factors such as increased penetration of affordable internet, access to online games, and large-scale development in the gaming industry. This increasing demand for OTT platforms and online gaming has boosted the utilization of AI in gaming and OTT to deliver a realistic gaming and virtual experience for players and viewers on a virtual platform.
Get a Sample of the global AI in media and entertainment market reportGlobal AI In Media And Entertainment Market Segments
The global AI in media and entertainment market is segmented:
1) By Solution: Hardware/Equipment, Services
2) By Product: Simulation FX, Animation, Modelling, Matte Painting, Compositing
3) By Application: Gaming, Fake Story Detection, Plagiarism Detection, Personalization, Production Planning & Management, Sales and Marketing, Talent Identification, Content Capture, Sports Automatic Productions
6) By Geography: The regions covered in the AI in media and entertainment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global AI in media and entertainment market.
Major AI In Media And Entertainment Industry Players
Amazon Web Services Inc., Veritone Inc., Gravity Media, GrayMeta Inc., International Business Machines Corp., LMG LLC, Pixellot Ltd., Synthesia Ltd.
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AI In Media And Entertainment Market Overview
AI in media and entertainment refers to a technology in which AI applications are used for the media and entertainment industries. The primary goal is to create interactive AR/VR content and themes for content, gaming, and events.
AI In Media And Entertainment Global Market Report 2023 provides data on the global AI in media and entertainment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The AI in media and entertainment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.