Online Movie Market Size to grow by USD 58510 million between 2024-2028
According to a research report “ Online Movie Market” by Application (Website, App) Platform (Smartphones, Smart TVs, Laptop and desktops, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 58510 million, at a CAGR of 29.23% during the forecast period. The online movie market is experiencing exponential growth, with video streaming becoming a prominent segment in the movie and entertainment industry. Providers of video streaming services deliver various types of video content, including movies and television series, via the Internet, eliminating the need for file downloads. Both free and premium services are offered by these providers, such as Netflix and Amazon Prime, who invested significantly in original content production, totaling USD16-21 billion in 2020. Apple is also entering the fray with similar investments. This surge in investments from streaming companies will lead to an increase in movie production, resulting in heightened demand for new online movie content..
Browse market data tables, figures, and in-depth TOC on “Online Movie Market” by Application (Website, App) Platform (Smartphones, Smart TVs, Laptop and desktops, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Website segment is projected to dominate the market size in 2024
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By Platform, Smartphones segment is expected to hold the largest market size for the year 2024
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North America is forecasted to hold the largest market size by region in 2024
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The Online Movie Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Title: The Surge of Online Movie Markets: Suspense, Thriller, Drama, and More! The advent of the digital age has revolutionized the way we consume video content. With over 4.66 billion internet users worldwide, the demand for online movie markets has skyrocketed. Cloud-based services, apps, and web pages have made streaming movies and TV shows more accessible than ever before. Suspense movies, thriller movies, drama movies, action movies, and adventure movies are all available at your fingertips. Pluto TV, Vudu, TV, Google Play Movies, iTunes, and numerous other websites offer a vast library of video content. The Motion Picture Association reports that OTT (Over-The-Top) platforms, VoD (Video on Demand), and streaming services have become a significant part of the global media landscape. GPT-4 and other Gen AI technologies have made recommendations personalized to each user's preferences, enhancing the overall viewing experience. Platforms like Acorn TV, Disney Plus, Paramount Plus, and Crackle offer exclusive content, adding to the diversity of choices. In conclusion, the future of movie markets is online, and the possibilities are endless. Whether you're in the mood for a suspenseful thriller or an action-packed adventure, the world of online movie markets has got you covered!
Market Research Overview
The Online Movie Market has seen exponential growth in recent years, driven by technological developments, rising disposable incomes, and increasing consumer purchasing power. GCS data shows that usage of digital goods, including video streaming, video downloads, pay-per-view, and Video-on-Demand (VoD), has been on an S-curve function. Exchange rates and macroeconomic indicators have also influenced the market's performance factors. Historical developments, such as the rise of highspeed broadband services, tablets, smartphones, and Internet users, have led to increased internet penetration and the popularity of cloud-based services, apps, and web pages. Suspense movies, thriller movies, drama movies, action movies, and adventure movies are among the most popular genres. Forecasting techniques like exponential trend smoothing have been used to predict the future of the market. The Video-on-Demand market, which includes platforms like Pluto TV, Vudu, TV, Google Play Movies, iTunes, Acorn TV, Disney Plus, Paramount Plus, and Crackle, is expected to continue its upward trend. DVDs and CDs are becoming obsolete, while movie tickets remain a significant competitor. Price per product, user penetration, subscriptions, and technological advancements are all factors that influence the market's growth. The future of the Online Movie Market looks bright, with continuous innovations and improvements in network infrastructure and entertainment content.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
