The global Media & Entertainment (M&E) industry is experiencing a roaring revival, projected to surpass its pre-pandemic size by 2025. Led by a strong resurgence in the U.S. with a market size of $717 billion, and fuelled by transformative shifts in consumer habits, the world's M&E market is estimated to reach a staggering $2.9 trillion by 2027.
India, a shining star in this global resurgence, boasts a thriving M&E sector valued at INR 2.1 trillion in 2022. With a projected CAGR of 9.7% until 2027, it's expected to reach a phenomenal USD 73.6 billion, further solidifying its position as a global leader.
KEY DRIVERS OF GROWTH
Digital Consumption Explosion: The pandemic sparked a surge in digital media consumption, and these habits are here to stay. Streaming platforms like Netflix and Disney+ Hotstar are dominating the landscape, while data usage in India alone is projected to skyrocket to 979.1 petabytes by 2027.
India's Rising Middle Class: With a burgeoning middle class and increasing disposable income, India's demand for high-quality entertainment is skyrocketing. This creates a fertile ground for local content creators and global players alike.
Technological Advancements: From virtual reality experiences to Al-powered production, cutting-edge technologies are revolutionizing the industry. This opens up new avenues for immersive storytelling and personalized entertainment experiences.
While challenges like content localization and evolving regulations remain, the future of M&E is undeniably bright. With a resilient global market and India's exceptional growth trajectory, the stage is set for an era of innovation, creativity, and boundless entertainment possibilities.
Esta historia es de la edición February 2024 de Digital Studio.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 2024 de Digital Studio.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Innovative Production Services Elevates Broadcast Quality with Panasonic Cameras
Innovative Production Services enhances its production capabilities with the acquisition of Panasonic cameras, including AK-UC4000s and AG-CX350s, delivering exceptional broadcast quality and operational flexibility for diverse shooting scenarios.
MRMC and Pixelscope Team Up to Transform Sports Production with AI and Robotics Integration
Mark Roberts Motion Control (MRMC), a subsidiary of Nikon, and Pixelscope, a leading provider of AI-automated live sports production solutions, have joined forces in a partnership aiming to redefine sports production.
Clear-Com Appoints Dave MacKinnon as Vice President of Product Management
Clear-Com proudly welcomes Dave MacKinnon as its new Vice President of Product Management, heralding his extensive experience across government, broadcast, and public safety sectors. With a background spanning over two decades, including roles with the US Government and NBC Universal, MacKinnon brings invaluable expertise to Clear-Com’s executive team.
ASUS Unveils Cutting-Edge AI Solutions at NVIDIA GTC Conference
ASUS introduces advanced AI solutions at the NVIDIA GTC conference, featuring cutting-edge GPU server innovation and liquid-cooling technology, aimed at enhancing AI adoption across industries. These solutions optimize GPU resource allocation, maximizing e’ciency and ROI for businesses worldwide.
SONY PDT-FP1: ENHANCING MEDIA TRANSFER EFFICIENCY WITH RELIABLE 5G CONNECTIVITY
The PDT-FP1 Portable Data Transmitter by Sony is designed with practicality in mind, the PDT-FP1 aims to simplify media workflows and meet the diverse needs of professionals in news reporting, event coverage, and broadcast video production.
NAB PARTICIPANTS
Digital Studio India spoke exclusively to the vendors and service providers from the M&E industry to get the vibe of the show and about their anticipation and expectations from NAB 2024.
SONY CAMERAS ILLUMINATE RUSSELL CROWE'S INDOOR GARDEN PARTY TOUR WITH CINEMATIC BRILLIANCE
Sony’s versatile Cinema Line, including the innovative ILME-FR7, played a starring role in capturing Russell Crowe’s eclectic tour, offering dynamic shots, impressive low-light performance, and unmatched flexibility. Director of Photography Joe Machart, alongside a skilled crew, leveraged the strengths of various Sony models, showcasing their commitment to exceptional image quality and reinforcing confidence in Sony’s Cinema Line for large-scale projects.
EXPLORING INDIAN CINEMA'S EXCEPTIONAL PRODUCTION DESIGN PROJECTS
Digital Studio India revisits our cinema’s iconic films, applauding the outstanding production designs that defined classics like Devdas,” Jodha Akbar,” and Tumbbad.” From opulent sets to meticulous historical accuracy, these films showcase the profound impact of production design on the cinematic experience.
MEDIA AND ENTERTAINMENT IN FLUX: NAVIGATING THE GLOBAL TRENDS
The Media and Entertainment (M&E) industry is undergoing a transformative shift, propelled by digital consumption surges, the Metaverse's emergence, and regional market dynamics. Concurrently, broadcasting experiences a metamorphosis, witnessing a decline in TV viewing, a surge in streaming, and a technological overhaul with AI integration, signalling a future where adaptability and innovation define the industry's trajectory.
Clear-Com Facilitates Major Intercom System Upgrade for Tulip Television's New Office in Toyama City
In a significant technological advancement, Tulip Television Co. Ltd., an esteemed affiliate of Japan News Network (JNN) established in 1990, has recently upgraded its intercom system for its new office building. The broadcaster's initiative was realized with the instrumental support of Clear-Com.
