Media Global Market Report 2023: Adoption of VR in the Broadcast Industry Presents Opportunities
Global Media Market
Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Media Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global media market grew from $2,195.19 billion in 2022 to $2,371.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The media market is expected to grow to $3,200.17 billion in 2027 at a CAGR of 7.8%.
Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost-effective, lightweight, and reduce risks associated with cranes and cable cams during filmmaking. Autonomous drones are flying gadgets equipped with multiple rotors, a built-in high-resolution camera, and algorithms for capturing videos and pictures. It offers a 360-degree experiential recording experience with minimum human intervention.
They are used to capture aerial shots, taking footage and images without having a cameraman on an actual helicopter. For instance, Major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu, and EHANG.
Virtual reality (VR) is increasingly being adopted by the TV and radio broadcasting industry to create a potential impact on audiences. Live events such as sports and music are expected to boost the demand for VR adoption during the forecast period, by helping audiences to connect with major events through a dynamic environment.
For example, NextVR, a virtual reality platform for delivering live content, streamed Daytona 500 and a democratic debate. It also partnered with an events company Live Nation to broadcast live music to music fans worldwide. The rise in demand for VR content is expected to drive the market going forward.
North America was the largest region in the media market in 2022. Africa is expected to be the fastest growing region in the forecast period. The regions covered in the media report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the media market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
1) 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
2) By Revenue Model: Subscription; Advertisement; Sponsorship; Other Revenue Models
3) By Application: Wired; Wireless
No. of Pages
2023 - 2027
Estimated Market Value (USD) in 2023
Forecasted Market Value (USD) by 2027
Compound Annual Growth Rate
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Media Market Characteristics
4. Media Market Product Analysis
5. Media Market Supply Chain
6. Media Market Customer Information
7. Media Market Trends And Strategies
8. Media Market - Macro Economic Scenario
9. Media Market Size And Growth
10. Media Market Regional Analysis
11. Media Market Segmentation
12. Media Market Segments
13. Media Market Metrics
14. Asia-Pacific Media Market
15. Western Europe Media Market
16. Eastern Europe Media Market
17. North America Media Market
18. South America Media Market
19. Middle East Media Market
20. Africa Media Market
21. Media Market Competitive Landscape
22. Key Mergers And Acquisitions In The Media Market
A selection of companies mentioned in this report includes
The Walt Disney Company
Tencent Holdings Co Ltd
Charter Communications Inc
For more information about this report visit https://www.researchandmarkets.com/r/119u30
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