Technavio market research analysts foresee positive growth for many segments of the media and entertainment services industry in the next five years. In their recent findings, Technavio talks about three booming markets under the media and entertainment services industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global VR Gaming Market 2017-2021
The research analysts at Technavio have observed that the VR gaming market is witnessing rapid market advancements regarding advanced gaming techniques, which is likely to create numerous business opportunities and impact the overall media and entertainment industry’s growth. Vendors are concentrating on offering innovative VR gaming devices such as PC, console, and mobile across the media and entertainment sector to survive the ever-increasing competition. Among these, the PC segment accounts for maximum share in the global VR gaming market.
Furthermore, the report is segmented into various geographies with EMEA being the highest contributor to the gaming market. The report identifies the growth prospects of numerous media and entertainment services including video streaming, gaming, and Internet protocol television (IPTV) services. Technavio also present an insight into various other aspects of the VR market such as virtual reality glove and virtual reality apps. Request a sample report
Global Gyro Cameras Market 2017-2021
The global gyro cameras market is witnessing an increase in sharing of video and images on the social media platform. Vendors are using this user-generated content to market their brand and create various contests to engage their target audience. They are also expected to increase investments in R&D to improve the performance of the cameras they offer.
The gyro cameras market is segmented into two types that include drone and regular. The demand for drones is expected to be high due to the use of gyro cameras on flying platforms that are used to help implement video and picture taken from the air. One of the major trend gaining traction in the market is the advances in technology such as availability of image editing tools, which help users customize their images in various innovative ways, increasing the demand for gyro cameras. Also, with growing penetration in racing events such as Moto GP, broadcasting sector has found tremendous value in the implementation of gyro cameras. Request a sample report
Global Movie Theater Market 2017-2021
Nowadays, many consumers are willing to spend on expensive tickets, for which movie theaters have started providing the audience with options like a dinner along with food and beverages. The digital transition in the market is undeniable. One of the major factor driving growth in the global movie theater market is the growing demand for 3D movies. The high popularity of 3D animated movies like Inside Out, Zootopia, Frozen, and Kung Fu Panda 3, reflects the growing interest of people in 3D technology. Besides this, the integration of virtual reality (VR) technology with other sources of entertainment, such as gaming, is also fuelling the market.
Among various geographies, the market is expected to gain maximum contribution from the APAC region during the forecast period. The market in APAC is likely to grow at the highest CAGR compared with other regions. This growth can be attributed to the high digitization of cinema screens and the relatively low cost of tickets. With rising number of viewers, it has been observed that the global movie theater market is witnessing an increasing demand and sustainable growth. At present, international players dominate the movie theater market with their innovative and high-quality products, however, with the emergence of new players, the competition in the market is bound to intensify very soon. Request a sample report
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