Asia Pacific Movies and Entertainment Market Statistics, 2015 to 2025
Asia Pacific movies and entertainment market size was estimated to account for a market value of USD 26.0 billion in 2017 and is expected to grow further over the forecast peirod. Growth of this market is attributed to the increasing spending power and demand for local movies from the consumers.
(firmenpresse) - 15 November 2018, The Asia Pacific Movies & Entertainment Market is expected to reach USD 46.4 billion by 2025 owing to the rising disposable income of middle class consumers. Increasing employment of youth has resulted in rising demand for entertainment sector. Moreover, the increasing demand for local content have given rise for high investment in local movies. This is attributed to the increased initiatives from the government. Furthermore, the increasing investments in infrastructures such as malls, airports and multiplexes is expected to aid in industry growth.
The advancement in technologies is expected to drive this market significantly over the forecast period. Technology advancements has improved effects, and graphics in movies, augmenting the market growth. The well-established players are adopting strategy of converting comic-super hero adventure, robots and animation into a movie to lure the customers. For instance, the Marvel, Pixar and Lucas produced movies based on Marvel or Disney comic characters such as Iron man, spider man, hulk and etc. The increasing inclination towards digital production and distribution is also anticipated to drive the movies & entertainment industry in future period. The increase in online video streaming is expected to aid in the growth of music industry which in turn is expected to result in growth of overall entertainment sector.
Increasing penetration of media devices is further expected to result in growth of this sector. For instance, in Japan, penetration for PC’s were around 79%, 32% for tablets and 95% for smart phones in 2016. The young generation today is looking for quality at lowest possible cost and the telecom industry is fulfilling this need by providing online streaming services. Thus, countries are undergoing adoption for technological advancements such as 4K and 8K broadcast. For instance, 4K broadcasts are under process that will use BS and communication satellite in 2018. Thus, such government reforms and investments in infrastructure providing high speed services is expected to increase the market of entertainment industry.
Key players are adopting various business strategies to help increase the sale of cinema tickets. Such as the blockbuster movies are planned to benefit from the premium formats while the smaller from the online platforms such as Netflix and Amazon. Thus, innovative business strategies are expected to augment the movie and entertainment market over the forecast period.
Hexa Research has segmented the Asia Pacific movies & entertainment market report based on type and country:
Segmentation by type, 2015 - 2025 (USD Billion)
• Movies
• Music
Segmentation by country, 2015 - 2025 (USD Billion)
• China
• Japan
• Rest of Asia Pacific
Key players analyzed:
• Viacom 18 Motion Pictures
• Sony Pictures Studios
• Toho Co., Ltd.
• Amazon
• Netflix
Themen in dieser Pressemitteilung:
movies-and-entertainment-market
movies
movies-industry
china-movies
movies-market
china
asia-pacific
entertainment-industry
Unternehmensinformation / Kurzprofil:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales(at)hexaresearch.com
Website: https://www.hexaresearch.com
Datum: 15.11.2018 - 11:43 Uhr
Sprache: Deutsch
News-ID 584017
Anzahl Zeichen: 3379
contact information:
Contact person: Ryan Shaw
Town:
Felton
Phone: +1-800-489-3075
Kategorie:
Media & Enternainment
Typ of Press Release: Finanzinformation
type of sending: Veröffentlichung
Date of sending: 15.11.2018
Diese Pressemitteilung wurde bisher 1013 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Asia Pacific Movies and Entertainment Market Statistics, 2015 to 2025"
steht unter der journalistisch-redaktionellen Verantwortung von
Hexa Research (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
