Media and Entertainment Market in China 2024-2028

Media And Entertainment Market In China 2024-2028

The media and entertainment market in China is forecasted to grow by USD 81.45 bn during 2023-2028, accelerating at a CAGR of 5.95% during the forecast period. The report on the media and entertainment market in China 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 growing demand for culturally relevant content, the rise in the shift from traditional to digital advertising channels, and the increasing popularity of 4K UHD content.

Technavio's media and entertainment market in China is segmented as below:

By Application

• Wire
• Wireless

By Revenue

• Advertisement revenue
• Subscription revenue
• Others

By Type

• Film
• Music
• Social media
• Video and animation
• Others

This study identifies the growing popularity of VR and 360-degree videos as one of the prime reasons driving the media and entertainment market in China growth during the next few years. Also, the increasing popularity of cloud-based music streaming services and growing mergers and acquisitions among the vendors in the market will lead to sizable demand in the market.

The report on the media and entertainment market in China covers the following areas:

• Media and entertainment market in China sizing
• Media and entertainment market in China forecast
• Media and entertainment market in China 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 media and entertainment market in China vendors that include Alibaba Group Holding Ltd., Alpha Group Animation, Aoqi Inflatables Co. Ltd., Baidu Inc., Beijing Weiran Network Technology Co. Ltd., Bilibili Inc., ByteDance Ltd., Cisco Systems Inc., Dalian Wanda Group, Kuaishou Technology, NetEase Inc., Ocean Butterflies Music, Perfect World Co. Ltd., SINA Corp., Sohu.com Ltd., Sony Group Corp., Tencent Holdings Ltd., Two Four Seven Group, Warner Music Group Corp, and Zhihu Inc.. Also, the media and entertainment market in China 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 way of study, synthesis, and summation of data from multiple sources through 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 research - both primary and secondary. 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.