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Pulished Date February, 2021
ID: 10982
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Online Entertainment Market Size, Share, Trends and Growth Analysis Report – Segmented by Product (Video, Audio, Games, Internet Radio and Others), Device (Smart Phones, Smart TVs, Projectors and Monitors, Laptops, Desktop Computers and Tablets and Others), Revenue Model (Subscription, Advertising, Sponsorship and Others), Region - Industry Forecast of 2021 to 2026

Pulished: February, 2021
ID: 10982
Pages: 175

Online Entertainment Market Size & Growth (2021-2026):

Online Entertainment Market was valued at US$ 18.3 billion in 2021 and is expected to reach $ 65.2 billion, registering a CAGR of 22.4% from 2021 to 2026.

The increase in Internet penetration and the increase in the adoption of smart devices such as smartphones, smart TVs and laptops have increased the number of Internet users who have switched their preference for online entertainment.

Market Growth:

Currently, online social media entertainment has grown in popularity as more and more people engage in video, music, and image production on various social media platforms such as Instagram, Facebook, Tumblr, Linked In, and WhatsApp. Therefore, an increase in the popularity of social media platforms is supposed to drive the growth of the online entertainment market during the forecast period.

Recent Trends:

One of the most transformative technology solutions of recent years, AI has been used in many ways to improve the customer experience and streamline business operations. This will continue into 2020, where media companies will continue to work alongside AIs to get personalized content recommendations and effective ads. Using artificial intelligence and data based on user behaviour patterns, media companies can customize which ads to show to capture user interests. While the scope of this has been for larger groups in the past, starting in 2021it will target more specific buyer personalities and ultimately target individuals.

Market Drivers:

The global online entertainment market is likely to undergo drastic changes during the outlook period due to changing consumer tastes and trends in the way they purchase and use the content. The change in consumer behaviour has allowed the entertainment industry to evolve at a rapid pace. The online entertainment market is expected to evolve dramatically with new innovations and ideas in response to a rapidly changing market. Mobile, home, filmed, in-flight and multimedia are some of the basic applications in this market. The growing consumer base and improvements in mobile technology are estimated to drive the mobile market. Cellular devices have become multimedia devices in the industry due to the increase in graphic content. The ability to watch TV shows, news and movies online has made the web domain a popular segment in the global marketplace. The increase in smartphone users and the increasing number of application downloads are expected to have a positive impact on the growth of the market. Technological advancements such as HD and 3D televisions, the presence of high-tech network infrastructure (4G / 5G mobile network), and the availability of wireless broadband technology are expected to be the main drivers of the global entertainment market. E-books have become increasingly common and make up a considerable part of today's book sales. Electronics, exhibitions, live media, media and music are the key elements of the entertainment market. Live includes concerts, circus, comedy shows, musical theatre performances, sporting events, and performing arts. Examples of musical comedy include performances by concert halls and orchestras, as well as musicians, vocal artists, and composers. The exhibition includes trade shows, trade shows and amusement parks. The media is made up of the Internet, film, and broadcasting. Electronics is mainly made up of video games.

Restraints:

Digital illiteracy and the absence of digital infrastructures such as digital communication, computing or data storage, Wi-Fi network, applications and software are restraining the growth of the global online entertainment market.

ONLINE ENTERTAINMENT MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021-2026

Base Year

2020

Forecast Period

2021-2026

CAGR

22.4% 

Segments Covered

Based on product, Based on the revenue model, Based on device

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Amazon Web Services

Netflix, Inc.

Google LLC

Facebook

Tencent Holdings. Ltd.

Sony Corp.

King Digital Entertainment Ltd.

Market Segmentation:

The online entertainment market is segmented according to product, revenue model and device.

Based on the product:

The market is classified into video, audio, games, Internet radio and others. The video segment accounted for about a third of the online entertainment market share in 2021and is estimated to maintain its share during the forecast period. This is mainly attributed to the increase in the use of digital media for advertisements and promotions of products and services. Digital advertising has gained popularity among businesses due to the various associated benefits such as real-time traceability, instant gratification, targeted and segmented audience, and profitability. Thus, the increase in digital media advertising contributes greatly to the growth of the online entertainment market.

Based on the revenue model:

The market is divided into a subscription, advertising, sponsorship and others. Of these, the subscription segment was valued at $ 46.5 billion in 2021 and is likely to reach $ 226.1, increasing with a CAGR of 25.5%. The subscription income model is the method of making money or charging customers a recurring monthly or annual fee. Most of the popular online entertainment companies like Netflix and Spotify have built successful businesses by taking advantage of subscription growth potential. The subscription revenue model is expected to gain popularity with online businesses over the forecast period, due to associated benefits such as predictable revenue, higher return on customer acquisition costs, and a great opportunity for upselling and crusades.

Based on devices, the market is divided into smartphones, smart TVs, projectors and monitors, laptops, desktop computers and tablets and others. Smart TVs, projectors, and monitors are anticipated to grow with a CAGR of 22.3%. Advances in display technology and the growing capabilities of smart TVs are fuelling the demand for smart TVs, projectors and monitors, which in turn is driving the growth of the online entertainment market. Some of the advanced features of smart TVs are the fast user interface, video streaming services, universal search, and the app store. Smart TV's universal search function makes it easy to browse the Internet. Additionally, Miracast technology in smart TVs enables users to connect smartphones to smart TVs, which has gained immense popularity and is anticipated to increase the demand for online entertainment content.

Regional Analysis:

The regional analysis for the global online entertainment market covers areas like

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East and Africa 

North America is the largest region in the world in terms of market share due to the high availability of advanced digital infrastructure with digital literacy, as well as the presence of a significant number of Internet service providers in the area.

The Asia-Pacific is expected to show the highest CAGR growth rate during the forecast period 2020-2025. Factors such as the increasing penetration of the internet and smartphones and the rapid growth of digitization in the media and entertainment industry would create lucrative growth prospects for the online entertainment market in the Asia-Pacific region.

Key Players:

Major players in the global online entertainment market are:

  • Amazon Web Services
  • Netflix, Inc.
  • Google LLC
  • Facebook
  • Tencent Holdings. Ltd.
  • Sony Corp.
  • King Digital Entertainment Ltd.
  • Spotify Technology S.A.
  • Rakuten Inc.
  • CBS Corporation

Impact of COVID-19 on the Online Entertainment Market:

Despite an acceleration in cable cutting in 2021due to coronavirus, the rate of decline is likely to end over the forecast period. The COVID-19 pandemic has accelerated and amplified ongoing changes in consumer behaviour, driving digital disruption and forging turning points in the industry that would not have been reached for many years. As a result, the world of E&M in 2021has become more remote, more virtual, more broadcasted, more personal, and, for now at least, more home centric. The winners and losers will emerge based on your ability to leverage enabling technology to deliver truly distinctive content and experience options while overcoming regulatory and privacy hurdles.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                 

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods    

2. Research Methodology                                          

               2.1 Analysis Design                         

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation   

               2.3 Study Timeline                          

3. Report Overview                                       

               3.1 Executive Summary                 

               3.2 Key Inferencees                       

4. Market Dynamics                                      

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                       

               4.3 Technology Timeline & Recent Trends  

5. Competitor Benchmarking Analysis                                    

               5.1 Key Player Benchmarking                      

                              5.1.1 Market share analysis         

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                       

               5.3 Joint Ventures & Collaborations                         

6. Market Segmentation                              

               6.1 Online Entertainment Market, By Product                      

                              6.1.1 Video        

                              6.1.2 Audio        

                              6.1.3 Games      

                              6.1.4 Internet Radio        

   6.1.5 Market Size Estimations & Forecasts (2021-2026)     

                              6.1.6 Y-o-Y Growth Rate Analysis              

                              6.1.7 Market Attractiveness Index             

               6.2 Online Entertainment Market, By Device                        

                              6.2.1 Smart Phones         

                              6.2.2 Smart TVs 

                              6.2.3 Projectors and Monitors     

                              6.2.4 Laptops    

                              6.2.5 Desktop Computers and Tablets      

  6.2.6 Market Size Estimations & Forecasts (2021-2026)     

                              6.2.7 Y-o-Y Growth Rate Analysis              

                              6.2.8 Market Attractiveness Index             

               6.3 Online Entertainment Market, By Revenue Model 

                              6.3.1 Subscription            

                              6.3.2 Advertising              

                              6.3.3 Sponsorship            

       6.3.4 Market Size Estimations & Forecasts (2021-2026)     

                              6.3.5 Y-o-Y Growth Rate Analysis              

                              6.3.6 Market Attractiveness Index             

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region  

               7.2 North America - Market Analysis (2021- 2026)   

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Product              

                              7.2.3 By Device 

                              7.2.4 By Revenue Model

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Product              

                              7.3.3 By Device 

                              7.3.4 By Revenue Model

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Product              

                              7.4.3 By Device 

                              7.4.4 By Revenue Model

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Product              

                              7.5.3 By Device 

                              7.5.4 By Revenue Model

               7.6 Middle East and Africa                           

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Product              

                              7.6.3 By Device 

                              7.6.4 By Revenue Model

8. Key Player Analysis                                   

               8.1 Amazon Web Services                           

                              8.1.1 Business Description            

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments         

                              8.1.6 Analyst Overview  

               8.2 Netflix, Inc.                

               8.3 Google LLC                 

               8.4 Facebook                    

               8.5 Tencent Holdings. Ltd.                           

               8.6 Sony Corp.                  

               8.7 King Digital Entertainment Ltd.                           

               8.8 Spotify Technology S.A.                        

               8.9 Rakuten Inc.                              

               8.10 CBS Corporation                    

9. Market Outlook & Investment Opportunities                                  

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Fish Processing category, Application, Source, Species, Equipment and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Online Entertainment Market By Region, From 2021-2026 ( USD Billion )
  2. Global Online Entertainment Market By Product, From 2021-2026 ( USD Billion )
  3. Global Video Market By Region, From 2021-2026 ( USD Billion )
  4. Global Audio Market By Region, From 2021-2026 ( USD Billion )
  5. Global Games Market By Region, From 2021-2026 ( USD Billion )
  6. Global Internet Radio Market By Region, From 2021-2026 ( USD Billion )
  7. Global Online Entertainment Market By Device, From 2021-2026 ( USD Billion )
  8. Global Smart Phones Market By Region, From 2021-2026 ( USD Billion )
  9. Global Smart TVs Market By Region, From 2021-2026 ( USD Billion )
  10. Global Projectors and Monitors Market By Region, From 2021-2026 ( USD Billion )
  11. Global Laptops Market By Region, From 2021-2026 ( USD Billion )
  12. Global Desktop Computers and Tablets Market By Region, From 2021-2026 ( USD Billion )
  13. Global Online Entertainment Market By Revenue Model, From 2021-2026 ( USD Billion )
  14. Global Subscription Market By Region, From 2021-2026 ( USD Billion )
  15. Global Advertising Market By Region, From 2021-2026 ( USD Billion )
  16. Global Sponsorship Market By Region, From 2021-2026 ( USD Billion )

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