DUBLIN, September 10, 2021--(BUSINESS WIRE)--The "Film and Video Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report describes and evaluates the global film and video market. It covers three five-year periods, including, 2015 to 2020, termed the historic period, the forecast period, 2020-2025 and 2025-2030.
The global film and video market reached a value of nearly $234.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 2.4% since 2015. The market is expected to reach $318.2 billion by 2025, and $410.6 billion by 2030.
Growth in the historic period resulted from increased numbers of television channels, increasing internet penetration, increase in TME mergers, growth in world population, and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period were regulations, and movie piracy.
Going forward, rising demand for video content, advances in technology, digitization, and increase in mobile video viewing will drive the growth. Factors that could hinder the growth of the film and video market in the future include coronavirus pandemic, changing customer demands, and decrease in theater attendance.
The film and video market is segmented by type into film and video production, film and video distribution, post-production services, film and video theatres, and other film and video industries. The film and video production market was the largest segment of the film and video market segmented by type, accounting for 63.8% of the total in 2020. Post-production services is expected to be the fastest growing segment in the film and video market segmented by type, going forward, at a CAGR of 8.2% during 2020-2025.
The film and video market is segmented by genre into action, horror, comedy, documentary, drama, and others. The drama market was the largest segment of the film and video market segmented by genre, accounting for 24.8% of the total in 2020. The others market is expected to be the fastest growing segment in the film and video market segmented by genre, going forward, at a CAGR of 9.3% during 2020-2025.
North America was the largest region in the global film and video market, accounting for 40.5% of the total in 2020. It was followed by Western Europe, Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the film and video market will be Africa and South America, where growth will be at CAGRs of 11.7% and 9.9% respectively. These will be followed by the Middle East, and Asia Pacific, where the markets are expected to grow at CAGRs of 9.6% and 8.4% respectively.
The global film and video market is fairly consolidated, with small number of global players operating in the market. The top 10 companies in the market occupied 35.21% of market share in the global film and video market. Major players in the market include AT&T Inc. (Warner Media, LLC), The Walt Disney Company, Comcast Corporation, Sony Pictures Digital Productions Inc. (Sony Corporation), and ViacomCBS Inc.
The top opportunities in the film and video market segmented by type will arise in the film and video production segment, which will gain $49.8 billion of global annual sales by 2025. The top opportunities in the film and video market segmented by genre will arise in the drama segment, which will gain $26.3 billion of global annual sales by 2025.
Market-trend-based strategies for the film and video market include utilizing autonomous drones for filmmaking, investing in motion capture technologies, using virtual production techniques, utilizing 4K camera technology, and adopting big data technologies. Player-adopted strategies in the film and video market include expanding through innovative and effective business models, and expanding through strategic acquisition of emerging and established companies. The COVID-19 pandemic has increased short-term potential growth opportunities for the film and video industry.
To take advantage of the opportunities, the publisher recommends the film and video market companies to focus on using autonomous drones, using of motion capture technology to reduce production costs, expand in emerging markets, market based pricing, offer flexible pricing, investing in creating websites, leveraging social media and offering services based on consumer preferences.
Key Topics Covered:
1. Film and Video Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
7. Film and Video Market Characteristics
8. Film and Video Market, Supply Chain Analysis
9. Film and Video Market, Product/Service Analysis - Product/Service Examples
10. Film and Video Market Customer Information
11. Film and Video Market Trends and Strategies
12. Impact of COVID-19 on the Film and Video Market
13. Global Film and Video Market Size and Growth
14. Film and Video Market, Regional Analysis
15. Global Film and Video Market Segmentation
16. Global Film and Video Market Comparison with Macro Economic Factors
AT&T Inc. (Warner Media, LLC)
The Walt Disney Company
Sony Pictures Digital Productions Inc. (Sony Corporation)
For more information about this report visit https://www.researchandmarkets.com/r/1n5z84
View source version on businesswire.com: https://www.businesswire.com/news/home/20210910005333/en/
Laura Wood, Senior Press Manager
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