Global Film And Video Market Trends And Strategies Of Major Players In The Film And Video Market 2021-2030
6 Jan, 2021
The film and video market consists of the sales of entities (organizations, sole traders or partnerships) that produce or distribute motion pictures, videos, television programs, or commercials, exhibit motion pictures or provide postproduction and related services. The film and video market is segmented into film and video production; film and video distribution; post-production services; film and video theatres and other film and video industries.
Global Film And Video Market Size And Drivers:
The global film and video market is expected to grow from $234.91 billion in 2020 to $251.92 billion in 2021 at a compound annual growth rate (CAGR) of 7.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $318.23 billion in 2025 at a CAGR of 6%.
Rising demand for video content is one of the major drivers of the market. Mobile video viewing has increased significantly in recent years and is expected to grow further during the forecast period. This is mainly driven by the rise in internet penetration and growth in smart phones usage. For instance, according to a report by Business Inside in 2018, users view more than 500 million hours of videos every day. By 2020, mobile video consumption is expected to increase by 11 times and this is expected to represent 75% of the global mobile data traffic. Thus, the rapid increase in mobile video consumption is expected to drive the film and video market during the forecast period.
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Trends In The Global Film And Video Market
Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost effective, light weight and reduce risks associated with cranes and cable cams during film making. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution camera and algorithms for capturing videos and pictures. It offers 360-degree experiential recording experience with minimum human intervention. They are used to capture aerial shots, taking footages and images without having a cameraman on an actual helicopter. Major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG.
Global Film And Video Market Segments:
The global film and video market is further segmented based on type and geography.
By Type: Film And Video Production, Film And Video Distribution, Post-Production Services, Film And Video Theatres, Other Film And Video Industries
By Genre: Action, Horror, Comedy, Documentary, Drama, Others
By Geography: The global film and video market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America was the largest region in the global film and video market, accounting for 41% of the market in 2020. Western Europe was the second largest region accounting for 36% of the global market. Africa was the smallest region in the global film and video market.
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Film And Video Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides film and video market overviews, analyzes and forecasts market size and growth for the global film and video market, film and video market share, film and video market players, film and video market segments and geographies, film and video market’s leading competitors’ revenues, profiles and market shares. The film and video market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.