Value of the global entertainment and media market 2011-2025
Thanks to global recession, the value of the worldwide entertainment and media market fell to two trillion U.S. dollars in the year 2020. However, the forecast for 2021 suggests revenue will once more rise and surpass the pre-COVID levels, with a 2.2 trillion dollars result. Further growth is forecast for the following years.
Entertainment and media market revenue – additional information
The entertainment and media market encompasses every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books.
The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2020 and 2025, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be virtual reality, which will grow by 30 percent during the stated time. In comparison, newspapers and magazines publishing is expected to shrink on an annual basis by one percent in the same period.
Entertainment and media market revenue – additional information
The entertainment and media market encompasses every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books.
The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2020 and 2025, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be virtual reality, which will grow by 30 percent during the stated time. In comparison, newspapers and magazines publishing is expected to shrink on an annual basis by one percent in the same period.
