The motion picture industry global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Motion Picture Industry Market, 2024The motion picture industry global market report 2024
Market Size –
The motion picture Industry market size has grown strongly in recent years. It will grow from $47.58 billion in 2023 to $51.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to technological advancements in film production, expansion of cable and satellite TV, growth of home entertainment systems, the rise of blockbuster franchises, increasing global demand for diverse content.
The motion picture Industry market size is expected to see strong growth in the next few years. It will grow to $72.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to emergence of streaming platforms, advancements in artificial intelligence (AI) and virtual reality (VR) For film production, growth in international markets, increasing consumer demand for original content, expansion of high-definition and 4K technologies. Major trends in the forecast period include consolidation among major studios, demand for subscription-based streaming services, investment in original content production, technological innovations in film experiences, continued expansion of global market reach.
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Scope Of Motion Picture Industry Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Motion Picture Industry Market Overview
Market Drivers –
The expansion of the entertainment industry is expected to drive growth in the motion picture industry market. The entertainment industry includes a variety of businesses and activities that provide performances, shows, media, and events to engage and amuse audiences through different forms such as film, television, music, theater, and digital media. This industry’s growth is spurred by rising consumer demand for diverse, on-demand content across multiple platforms, driven by technological advancements and global connectivity. Motion pictures are integral to the entertainment industry, offering a dynamic and immersive storytelling medium that captivates audiences through visual and auditory experiences. For example, in February 2024, the British Film Institute reported that the total expenditure on film and high-end television production (HETV) in the UK amounted to $4.58 billion (£4.23 billion) in 2023, with domestic UK productions contributing $829 million (£766 million), representing 27% of the total HETV spend, reflecting a 21% increase from 2022. Co-production spending also rose to $42.14 million (£38.9 million), accounting for 1.4% of the overall spend and marking a 7% increase compared to the previous year. Therefore, the growth of the entertainment industry is significantly driving the motion picture industry market.
Market Trends –
Major companies operating in the motion picture industry are developing technologically advanced products, such as AI-based video editing tools, to streamline workflows, enhance creativity, and reduce production costs. AI-based video editing tools use artificial intelligence algorithms to automate and enhance video editing tasks, such as cutting, trimming, color correction, and effect application, streamlining the editing process and improving efficiency and creativity. For instance, in February 2024, Meta, a US-based technology company, launched Emu Video and Emu Edit, AI-based features for video editing. Emu Video and Emu Edit stand out with their unique features. Emu Video crafts short movie clips from text descriptions, while Emu Edit simplifies video editing through AI-driven automation. Emu Edit allows users to create videos with various themes—like travel, food, and fashion—by selecting from diverse templates and customizing their clips with music, text, and filters. Available on Instagram and Facebook, these tools leverage advanced machine learning and deep learning algorithms, enabling the software to learn from extensive data and enhance its capabilities continuously.
The motion picture industry market covered in this report is segmented –
1) By Genre: Action, Comedy, Drama, Fantasy, Horror, Romance, Other Genres
2) By Dimension: 3D And Above, 2D
3) By Demographics: Children, Adult
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Regional Insights –
North America was the largest region in the motion picture industry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion picture industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Sony Pictures Entertainment Inc., The Walt Disney Company, Warner Bros. Entertainment Inc., Paramount Pictures Corporation, Metro-Goldwyn-Mayer Studios Inc., Lions Gate Entertainment Corp., Apple Inc. , Universal City Studios LLC, DreamWorks Pictures LLC, TriStar Pictures Inc., Lucasfilm Ltd. LLC, Pixar Animation Studios, Marvel Studios LLC, Miramax LLC , Legendary Pictures Productions LLC, 20th Century Studios Inc., New Line Productions Inc. , Blue Sky Studios Inc., A24 Films LLC, Blumhouse Productions LLC, United Artists Corporation, Focus Features LLC, Illumination Entertainment LLC, Fox Searchlight Pictures Inc., Studio Ghibli Inc.
Table of Contents
1. Executive Summary
2. Motion Picture Industry Market Report Structure
3. Motion Picture Industry Market Trends And Strategies
4. Motion Picture Industry Market – Macro Economic Scenario
5. Global Motion Picture Industry Market Size and Growth
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32. Global Motion Picture Industry Market Competitive Benchmarking
33. Global Motion Picture Industry Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Motion Picture Industry Market
35. Motion Picture Industry Market Future Outlook and Potential Analysis
36. Appendix
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