This global market research report includes a detailed segmentation of the theatre management system market by geographical coverage including the Americas, EMEA, and APAC. The report also provides an insightful analysis of the leading vendors in this market such as Dolby, GDC Technology, Sony Digital Cinema, Unique Digital, and Ymagis.
Technavio has released its new market research report, global theatre management systems market, which is expected to grow at a CAGR of around 8% between 2016 and 2020. The rapidly growing film entertainment industry is the primary growth driver for this market. The increase in the number of box offices releases every week has further expedited the growth of cinema halls globally, which has consequently increased the adoption of theatre management systems and has thereby supplemented the market revenue. The Americas is the highest revenue contributor to the global theatre management systems market, thanks to the growing popularity of Hollywood movies, which has led to the highest number of digital screens in this region.
“The theatre management market is witnessing a rising trend of migration from single screen to multiplexes. The increased number of moviegoers has motivated the theatre owners to transform their single-screen cinema halls to multiplex theatres. For instance, during 2012, the number of multiplexes in India were 900, which has increased to nearly 2000 during 2015. This, in turn, has accelerated the growth of the global theatre management systems market,” says Soumya Mutsuddi Lead Analyst, Media & Entertainment, Technavio Research.
Theatre management systems are providing a premium and uninterrupted visual experience to audience. Several technologies such as HD, 3D, and 4K UHD resolution that provide enhanced visual experience require projection systems and management software. Also, digital storage and projection systems have replaced celluloid in present-day movie recording and projection.
The leading vendors in the global theatre management systems market include Dolby, GDC Technology, Sony Digital Cinema, Unique Digital, and Ymagis. The market is highly competitive due to the presence of numerous suppliers. Intense competition, rapid advances in technology, and frequent changes in consumer preferences are significant risk factors for providers. Vendors are competing on the basis of product differentiation, portfolio, and pricing. The competition is expected to intensify further during the forecast period as a result of the increase in product extensions and the entry of numerous new players.
A more detailed analysis is available in the Technavio report, Global Theatre Management Systems Market 2016-2020.
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