The global online entertainment market size reached US$ 442.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 2,041.3 Billion by 2032, exhibiting a growth rate (CAGR) of 18.5% during 2023-2032.
The concept of online entertainment refers to accessing material over the internet, such as music, movies, and web shows. There are currently more entertainment services available online, which provides users with a greater selection of content. The most common online entertainment sources include video streaming, music streaming, video chat communication, and multi-player gaming. In addition to this, this form of entertainment also involves entertainment interactive functions and content, such as social networking services, graph management, forums, geolocation reviews, and ratings. As a result, users can choose from a wide range of easily accessible material, which is mostly free and low-priced. Entertainment over the internet has gained significant traction due to the immense popularity of on-demand content and OTT platforms.
2. What is the expected growth rate of the global online entertainment market during 2024-2032?
3. What are the key factors driving the global online entertainment market?
4. What has been the impact of COVID-19 on the global online entertainment market?
5. What is the breakup of the global online entertainment market based on the form?
6. What is the breakup of the global online entertainment market based on the revenue model?
7. What is the breakup of the global online entertainment market based on the device?
8. What are the key regions in the global online entertainment market?
9. Who are the key players/companies in the global online entertainment market?
The concept of online entertainment refers to accessing material over the internet, such as music, movies, and web shows. There are currently more entertainment services available online, which provides users with a greater selection of content. The most common online entertainment sources include video streaming, music streaming, video chat communication, and multi-player gaming. In addition to this, this form of entertainment also involves entertainment interactive functions and content, such as social networking services, graph management, forums, geolocation reviews, and ratings. As a result, users can choose from a wide range of easily accessible material, which is mostly free and low-priced. Entertainment over the internet has gained significant traction due to the immense popularity of on-demand content and OTT platforms.
Online Entertainment Market Trends:
The market is majorly driven by the continual technological advancements in smart devices providing enhanced visual and listening experiences to the users. This can be attributed to a considerable increase in the penetration of smartphones among the masses. In addition to this, the widespread adoption of internet-enabled smart devices, including smart TVs, laptops, desktops, and smart projectors, have led to an increased demand for online entertainment content, thus fueling the market. Moreover, the easy availability of internet service at affordable prices, along with the growing data tariffs, are providing an impetus to the market growth. The market is further propelled by the rapid digitization in the media and entertainment sector. Apart from this, the rising popularity of OTT platform subscriptions and the escalating number of OTT application downloads are creating a positive market outlook. Some of the other factors contributing to the market include the increasing size of touchscreen displays, the expanding expenditure on digital advertisements, the emergence of high-speed 5G internet, inflating disposable income levels and extensive research and development (R&D) activities conducted by the key players.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global online entertainment market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on form, revenue model and device.Breakup by Form:
- Video
- Audio
- Games
- Internet Radio
- Others
Breakup by Revenue Model:
- Subscription
- Advertisement
- Sponsorship
- Others
Breakup by Device:
- Smartphones
- Smart Tvs, Projectors and Monitors
- Laptop, Desktop and Tablets
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Charter Communications Inc., Comcast Corporation, Google LLC (Alphabet Inc.), King.com Limited (Activision Blizzard Inc.), Meta Platforms Inc., Netflix Inc., Rakuten Group Inc., Sony Pictures Networks India Pvt. Ltd. (Sony Corporation), Spotify AB, The Walt Disney Company and Ubisoft Entertainment SA.
Key Questions Answered in This Report
1. What was the size of the global online entertainment market in 2023?2. What is the expected growth rate of the global online entertainment market during 2024-2032?
3. What are the key factors driving the global online entertainment market?
4. What has been the impact of COVID-19 on the global online entertainment market?
5. What is the breakup of the global online entertainment market based on the form?
6. What is the breakup of the global online entertainment market based on the revenue model?
7. What is the breakup of the global online entertainment market based on the device?
8. What are the key regions in the global online entertainment market?
9. Who are the key players/companies in the global online entertainment market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Online Entertainment Market
6 Market Breakup by Form
7 Market Breakup by Revenue Model
8 Market Breakup by Device
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amazon Web Services Inc. (Amazon.com Inc.)
- Charter Communications Inc.
- Comcast Corporation
- Google LLC (Alphabet Inc.)
- King.com Limited (Activision Blizzard Inc.)
- Meta Platforms Inc.
- Netflix Inc.
- Rakuten Group Inc.
- Sony Pictures Networks India Pvt. Ltd. (Sony Corporation)
- Spotify AB
- The Walt Disney Company and Ubisoft Entertainment SA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 442.6 Billion |
| Forecasted Market Value ( USD | $ 2041.3 Billion |
| Compound Annual Growth Rate | 18.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
