2022 Digital media trends, 16th edition: Toward the metaverse As Gen Z and Millennial entertainment choices gain favor across the globe, social and gaming experiences compete head-to-head with video for consumers' attention. Here's what to expect in hospitality in 2022: Even with a huge number of vacant positions, protecting employees will remain the risk management priority. From an article on The Playlist, 37 percent of workers are binge-watching Netflix at work. Middle East Media and Entertainment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) October 2021. According to the calculation, the live concert industry's total revenue will reach . Market size of the live. Such high deployment of the OTT services across the region is expected to drive the demand of the video & entertainment industry. Quick Ratio total ranking fell in contrast to the previous quarter from to 27. India's Media & Entertainment industry is expected to reach $30.9 bn by 2024 Smart connected TVs increased by 10 mn in 2021 and are expected to exceed 40 mn by 2025 The digital media segment grew 29% to reach $5.2 bn in 2021 Online gaming grew 28% in in 2021 to reach $1.2 bn and is expected to reach $1.9 bn by 2024 Global Online Video Platform in Media and Entertainment Industry. This represents no change since 2019. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. We've prepared a few stats regarding the industry's revenue across different sectors to show you just how big it is. Of course, this includes the dip in 2020, which drastically lowers the overall amount of growth. The entertainment industry is made up of many companies that produce and moderate the forms of entertainment that are manufactured and distributed to the masses. Such high deployment of the OTT services across the region is expected to drive the demand of the video & entertainment industry in the forthcoming years. Further, Netflix is estimated to capture around 74% of the total penetration of US OTT households, followed by Youtube with 54% and Amazon by 33% penetration. Here is a comprehensive collection of 100 key statistics for the event industry in 2022. Get in touch with us now , Mar 8, 2022 Zee Entertainment Enterprises, India's leading media and entertainment company in terms of net sales, generated 66 billion Indian rupees as of March 2022. Accommodation and Food Services: NAICS 72. Market Size & Industry Statistics. The video-on-demand viewer subscription in the US is expected to increase from 44% (2018) to 45.2% in 2022. This report provides a detailed historical analysis of the global market for In-flight Entertainment (IFE) from 2016-2021 and provides extensive market forecasts from 2022-2030 by region/country. More Streaming Services Come Out Online searches for "Amazon Prime Video" have increased by 179% since 2017. The industry will offer higher pay, improved benefits and better working conditions. 1) Women account for 50% of moviegoers. The next E&M era , Jul 27, 2022 In 2021, in the year of recovery from the effects of the global pandemic, the value of the media and entertainment market reached 2.34 trillion U.S. dollars, experiencing a growth of. To prepare for 2022, here are some major trends that you should be paying attention to. The leisure and hospitality supersector consists of these sectors: Arts, Entertainment, and Recreation: NAICS 71. Our 2022 M&E outlook explores five attention-grabbing trends that we think will have the broadest impact across the industry. More than 57% of all game developers reside in the US. It's expected to increase by 14.7% between 2022 and 2030, reaching a total of $103.07 . Revenues are projected to reach $168 billion and occupancy to reach 63.4%. Global Esports industry is growing at the rate of 30% year-over-year. The risk of recession is key to corporate credit prospects in the second half of 2022. Here's a snapshot of what we found. Revenue from Free to Play games amounts to over 85% of all game revenue. ( AHLA) Hotel occupancy is. Video streaming (SVoD) revenue is expected to total over $108 billion per year by 2025. On Jan. 27, 2022, the game had around 372,000 players. . 1. Recovering from the negative impact of the pandemic, the industry grew by slightly more. Key Statistics on Video Gaming Industry - Editor's Choice. However, between 2017 and 2022, the annualized market size growth is set to maintain a negative value of -9.8%. In fact, there will be 29.6 million monthly esports viewers in 2022, up 11.5% from 2021, according to our estimates. On the trailing twelve months basis Due to increase in Current Liabilities in the 2 Q 2022, Quick Ratio fell to 0.66 above Movies and Entertainment Industry average. This figure was forecast to reach nearly 5.5 billion U.S. dollars by 2022. Between 2012 and 2022, the U.S. Media and Entertainment industry's market size has grown by 15%. Arcade, Food & Entertainment Complexes in the US industry outlook (2022-2027) poll Average industry growth 2022-2027: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. As 5G network coverage expands through 2022 and beyond, video streaming and download speeds will rise. ( MPA 2019) 2) On the top 100 grossing films of 2019, women represented: 10.7% of directors 19.4% of writers 24.3% of producers 70.4% of casting directors ( Inclusion Initiative) 3) On the top 250 grossing films of 2019, women comprised 6% of composers. Esports has hit this stratosphere in large part because of the social component of live streaming and gaming. Notably, music or audio streaming has become an essential part of everyday life. Sun. The value of the worldwide music streaming market was $29.45 billion in 2021 and $34.53 billion in 2022. The pop-culturization of the esports industry has helped power the explosions in esports investment and revenue. The demand for hotel rooms and revenues are projected to reach pre-pandemic levels in 2022. Pune, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Global Entertainment and Media Market research report 2022-2028 is a professional and in-depth study on the current state of the global Entertainment and. 2. Mobile gaming industry analysis and trends in 2022. General Wedding Statistics. With IPOs, iOS 14, legal battles, and new business models grabbing the headlines, there's no question that 2021 was an eventful, record-breaking year for the gaming industry. July 2022. The leisure and hospitality supersector is part of the service-providing industries supersector group. Our ITT series sets out our industry experts' assumptions for 24 industries, drawn from assessments of more than 5,500 rated corporate and infrastructure entities. Further, According to the American media measurement and analytics company comScore, Netflix capture 74% of the total penetration of US OTT household, followed by Youtube with 54% and Amazon by 33% penetration. Podcast Streaming Revenue Statistics. 7. About the Leisure and Hospitality supersector. PwC's 23rd annual Global Entertainment & Media Outlook offers an in-depth, five-year forecast of evolving forces that will likely shape an industry on track to be a $2.9 trillion market by 2026. $ 3750. The entertainment industry is formed by a variety of sub-groups that create and uphold the groundwork for the entertainment industry at large. Take a look at the most recent wedding fun facts and wedding statistics below, including total marriage ceremonies performed, average age when tying the knot and average wedding costs. There are expected to be 2.6 million weddings in the United States throughout 2022 - an increase of 62.5% since 2020. The influence of streaming in media and the entertainment industry is at its zenith. Aug 29, 2022 India's media and entertainment industry was valued at over 1.6 trillion Indian rupees in 2021. The party and events market size in the US is $3.2 billion worth. For instance, between 2012 and 2019, the industry grew by 30% (from $267.5 billion to $347.5 billion). Hospitality businesses will improve working conditions to attract workers and reduce risk. On Feb. 11, 2022, it was released in a variety of new locations throughout the world, which saw the player base grow quite a bit. And we think social video usage will, too. Wedding services industry revenue in the United States is expected to hit $57.9 billion in 2022. These players have adopted various strategies to increase their market penetration and . European Media And Entertainment Industry 20222026 310 reports Media And Entertainment Revenue 278 statistics Media And Entertainment Revenue View > East Asian Media And Entertainment Industry 20222026 244 reports Media And Entertainment Revenue You may also be interested in these reports, published by private publishers. Kevin Westcott United States Jana Arbanas United States Chris Arkenberg United States Brooke Auxier United States This includes ticket sales and sponsorship. According to the most recent data, the American event planning market size is expected to grow 4% in 2022. $ 4950. 1. Netflix considers its total pool of viewers to be around 300 million. There are over 2.2 billion mobile gamers. 22% of weddings in the United States were held at religious institutions like churches in 2017, compared to 41% in 2009. > View more reports The . In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. Riding a wave of opportunity In 2021, the media and entertainment industry saw continued changes from technological progress, evolving generational behaviors, and ongoing impacts from the global pandemic. The total U.S. industry market size for Amusement Arcades: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. General Event Planning Industry Statistics 1. The global family/indoor entertainment centers market is dominated by Cinergy Entertainment Group, CEC Entertainment, Inc., Dave & Buster's, Inc., Disney, Fun City, Funriders, KidZania, Lucky Strike Entertainment, Scene75 Entertainment Centers, and SMAAASH. The total U.S. industry market size for Arts, Entertainment & Recreation: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. (IBISWorld) According to a recent study, most United States viewers will binge watch series, with 70 percent of adults aged 30-44 doing so. Overall, this industry's market size amounted to around 4.9 billion U.S. dollars in 2021. Within Services sector 5 other industries have achieved higher Quick Ratio. Media and Entertainment Readies for the Metaverse with Immersive and Intelligent Experiences. December 2021. (Statista, 2020) . That presents a significant increase compared to 2020 when the global market was valued at about $155 billion. The global video game industry is worth over $197 billion in 2022. According to BuzzSumo, when comparing 2021 to 2020: 43% - the increase in anime articles 30% - the increase in manga articles That's a staggering increase, and one that's been met with a very positive reaction.Of the anime content shared to Facebook this year, 63% of reactions were "love", with only 1% being "angry". The Covid pandemic produced a revolution in the event industry that required planners to relearn and rethink everything from business models and sponsorship to event technology and content delivery. S&P Global Ratings 07/25/2022 Industry Top Trends Midyear 2022: Relapse, Recession, Resilience While the wedding industry is going stronger than ever, certain factors and trends are influencing the numbers each year. After the . For better or for worse, 2020 changed everything.