AI Market In Media And Entertainment Industry 2024-2028
The ai market in media and entertainment industry is forecasted to grow by USD 30729.2 mn during 2023-2028, accelerating at a CAGR of 26.4% during the forecast period. The report on the ai market in media and entertainment industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by usage of multimodal ai in media and entertainment industry, rising demand for ai from advertising agencies, and increase in investments to scale up implementation of ai in social media.
Technavio's ai market in media and entertainment industry is segmented as below:
- By Technology
- Machine learning
- Computer vision
- Speech recognition
- By End-user
- Media companies
- Gaming industry
- Advertising agencies
- Film production houses
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the utilization of blockchain as one of the prime reasons driving the ai market in media and entertainment industry growth during the next few years. Also, strategic partnerships among vendors and innovative product launches catering to personalization of content will lead to sizable demand in the market.
The report on the ai market in media and entertainment industry covers the following areas:
- AI Market In Media And Entertainment Industry sizing
- AI Market In Media And Entertainment Industry forecast
- AI Market In Media And Entertainment Industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ai market in media and entertainment industry vendors that include Agile Sports Technologies Inc., Amazon Web Services Inc., Autodesk Inc., AutomaticTV, EVS Broadcast Equipment S.A., Gravity Media, GrayMeta, Inc, International Business Machines Corp., LMG LLC, Move Ai Ltd, Pixellot, PlaySight Interactive Ltd., Production Resource Group LLC, Spiideo, Sportway AB, Synthesia Ltd., TAIT, valossa labs Oy, and Veritone Inc. Also, the ai market in media and entertainment industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.