Media Global Market To Reach Value Of About $2670.66 Billion In 2025
14 Jan, 2021
The media market consists of sales of television and radio programs, motion pictures, digital content, and commercials along with video and audio recordings, games and publications by entities (organizations, sole traders and partnerships) that produce and distribute television and radio programs, motion pictures, and commercials along with video and audio recordings, games and publications. Examples of revenues are license fees, subscription and payments for advertising. The media market is segmented into TV and radio broadcasting; film and music; information services; web content, search portals and social media; print media and cable and other subscription programming.
Global Media Market Size And Drivers:
The global media market is expected to grow from $1712.96 billion in 2020 to $1850.04 billion in 2021 at a compound annual growth rate (CAGR) of 8%. 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 $2670.66 billion in 2025 at a CAGR of 10%. Rise in demand for VR content is expected to drive the market going forward.
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Trends In The Global Media 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.
Global Media Market Segments:
The global media market is further segmented based on type, distribution channel, nature and geography.
By Type: TV And Radio Broadcasting, Film And Music, Information Services, Web Content, Search Portals And Social Media, Print Media, Cable and Other Subscription Programming.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Nature: Organic, Conventional.
By Geography: The global media market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Media Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides media market overviews, analyzes and forecasts market size and growth for the global media market, media market share, media market players, media market segments and geographies, media market’s leading competitors’ revenues, profiles and market shares. The media market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.