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Entertainment

Keeping the audience entertained is an art. Our customer-centric digital solutions help businesses in the entertainment industry to scale operations, improve existing processes and simplify information sharing related to upcoming events and occasions.

 

  • Mobile applications
  • Information sharing platforms
  • Engagement portals
  • Responsive website

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Global Market

The global entertainment industry has grown significantly in recent years, driven by increasing disposable income, technological advancements, and demand for streaming services. Well! Now entertainment is not just limited to the movies but has widened itself to OTT, streaming, and music industry. 

According to a report by PwC, the global entertainment and media market was valued at $1.7 trillion in 2019 and is projected to grow at a CAGR of 5.1% to reach $2.2 trillion by 2023. The digital segment of the entertainment and media market is expected to be the highest-growing segment during this period, with a CAGR of 11.4%. According to a report by BCG, the number of streaming subscribers in India is expected to reach 340 million by 2023, up from 30 million in 2018.

Driving Factors

One major factor driving growth in the entertainment industry is the emerging streaming services - the number of subscribers to streaming services and the number of streaming platforms available. According to a report by EY, the number of streaming subscribers worldwide is expected to reach 1.74 billion by 2023, up from 674 million in 2018. The number of streaming platforms available globally has also been increasing, with new players entering the market regularly. 

The number of streaming platforms available in India has also been increasing, with new players entering the market regularly. The industry is not limited to streaming; it has expanded to other mediums like podcasts, online gaming, live streaming, and virtual reality.

Music & Podcast Are Adding Significantly

The Indian music and podcast industry has also been growing in recent years, driven by the increasing popularity of streaming platforms and the growing demand for music and podcast content in India. According to a report by EY, the Indian music streaming market was valued at $62 million in 2020 and is projected to grow at a CAGR of 24% to reach $178 million by 2023.

The entertainment industry has also been growing in recent years, driven by the increasing popularity of streaming platforms and the growing demand for movie content in India. According to an Industry report, the Indian movie streaming market was valued at $2.2 billion in 2020 and is projected to grow at a CAGR of 25% to reach $6 billion by 2023.

The entertainment industry is highly dynamic, with new technologies and changing consumer preferences driving growth and change. The total revenue generated by the global and Indian entertainment industry has grown significantly in recent years and is projected to continue to grow. 

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