APAC Media and Entertainment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.77 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Media and Entertainment Market Analysis
The APAC Media and Entertainment Market size is estimated at USD 1,226.56 billion in the current year and is expected to reach USD 1,548.36 billion by the end of the forecast period, registering a CAGR of 4.77% during the forecast period.
- The Asia Pacific media and entertainment market is expected to have a large growth rate over the forecast period. The growing internet penetration in the new economies of the region like India and Vietnam, which has led to an increased online media and entertainment market in these countries, are major factors that contribute to this growth. In addition, the increasing market growth in Asia-Pacific is being supplemented by a continuous shift to offline media and entertainment, as evidenced by the construction of amusement parks, events, and trade shows.
- As high-speed Internet has become easily affordable, viewers/audiences that prefer good quality content prefer smart TVs over other television systems. Also, the growing admiration for OTT streaming in audiovisual content is positively impacting the overall media and entertainment market in Asia-Pacific.
- Product development and advances implemented by market players have a significant influence on the Asia-Pacific media and entertainment market. Alibaba Pictures Group, EROS International Media Ltd., FantaWIld Holding Inc., Sony Corporation, Netflix, and Apple are some of the major players in the media and entertainment market. By offering a range of products, they are actively involved in the growth of the media and entertainment market, which is driven by strategies like mergers and acquisitions, partnerships and collaboration, technological progress, and so on.
- In today's context, the sector is going through a major transformation. Over the past few years, when this industry encountered a number of difficulties, issues with producing content, cinema closures, and cuts to advertising spending due to the pandemic, it has gone through a roller coaster ride. However, a cycle of strong revival followed that situation. Through the ways in which this sector has revitalized its charm and is now better performing than it was before the pandemic, agility and determination to face and cope with challenges have been demonstrated.
- Keeping pace with the changing conditions for producing quality and recognizable content is a fundamental feature of this sector. Consumer behavior and technology that pose a risk to the irrelevance of media and entertainment industries are changing rapidly as disruptive innovations approach their peak. A number of occupations within the industry, such as journalist, advertising, Digital Marketing, PR, and Public Relations, have benefited from the popularity of YouTube's videos, Podcasts, OTT media services with high-quality content, and online broadcasting.
APAC Media and Entertainment Market Trends
Increasing Trends Around Personalization and Increased Digitalization is expected to Drive the Growth of the Market
- The region's overall 5G market development will be bolstered by a 5G network powered by Multi-access Edge Computing (MEC). Furthermore, the incorporation of emerging technologies such as Artificial Intelligence (AI), cloud computing, and robots is rapidly boosting real-time automation. Therefore, the 5G network is expected to become the most significant next-generation cellular network technology in the upcoming years as well, which is further growing the adoption of OTT (Over-the-top) platform usage.
- Further to the latest OTT trends, streaming 4K video takes up to around 30Mbps on internet bandwidth. To stream such high-resolution video, one must have at least double that bandwidth available, which is unusual for consumer-grade internet connections. However, with the rise of 5G, the extra bandwidth will make it possible for 4K and VR (Virtual Reality) streaming to be one of the defining features during the forecast period. Such an upsurge in demand for high-resolution video will eventually lead to the adoption of superior wireless networking standards and, therefore, boost the penetration of the media and entertainment market further.
- Increased emphasis on customer experience and personalization with the help of ever-growing technology to safeguard revenue and attain growth in the long term has proved to be one of the critical drivers for the growth of the market.
- In 2022, Netflix announced that it was home to 74.3 million paying streaming subscribers in the US and Canada. The largest market for Netflix was North America, but for the first time in 2022, the number of subscribers in the EMEA region surpassed the number in the US and Canada. Compared to last year, there has been a 17 percent increase in the number of free stream memberships in Asia Pacific.
- This success is fuelled by substantial financial backing from central governments. For example, China plans to build a USD 30 billion fund to ensure they are a world leader in AI by 2030. At the same time, India is making headway with mobile wallets and Progressive Web Applications to streamline in-app experiences (especially for places with slow mobile broadband). Such holistic developments in the infrastructure, which acts as a technical backbone to the market, will result in growth opportunities and improved customer retention.
India is Expected to Witness Significant Growth
- A rise in disposable income levels and growing internet penetration in the country also contribute to an increase in sales of smart TVs, increased online streaming subscriptions, etc., fuelling market growth. Moreover, according to the IBEF, the market size of the OTT video streaming market of India is forecasted to reach USD 5 billion by 2023.
- Increasing internet penetration can also be termed as a contributing factor to the widespread expansion of the media and entertainment market in India. According to Bain and Company's 'Unlocking Digital for Bharat: USD 50 Billion Opportunity' report, 'India has the second-highest active Internet users, with about 390 million residents who use the web at least once a month.
- Moreover, Indian government initiatives towards digital transformation, such as digitization of cable TV and Direct-to-Home (DTH) services, are also favoring the adoption of IPTV in the country. The IPTV scenario in India is witnessing change owing to the advent of the network services provider, with the company providing free IPTV live subscriptions to its customers. With other companies following suit, the demand for mobile-based IPTV services is expected to increase in the region, which will, in turn, increase the demand for media and entertainment in the area.
- However, there are also some challenges faced by the market. Over the past few years, the creation of media content has witnessed a drastic change, with a shift from traditional television to online digital platforms. Online entertainment content providers, such as Netflix and Amazon, have successfully introduced acclaimed original video content in the region. These companies also finance content in regional languages to attract customers, especially in multilingual countries such as India. The rising competition in the market, high cost of content creation, and technical difficulties associated with viewing videos online may hinder the market growth to an extent during the forecast period.
APAC Media and Entertainment Industry Overview
The Asia-Pacific Media and Entertainment Market consists of several players. This industry is viewed as a lucrative investment opportunity due to the huge consumer interest gained recently. The companies are investing in future technologies to gain substantial expertise, enabling them to achieve sustainable competitive advantage. Some of the key developments in the market are:
In November 2022, Sony Pictures Entertainment and Amazon Falls announced the public launch of Columbia Pictures Aquavers, a fully branded Columbia Pictures movie theme park. The Aquaverse from Columbia Pictures was the next phase in Sony Pictures' broader global plan to create and extend location-based entertainment by using its globally recognized film and television brands. Through water parks, traveling exhibits, and theme park attractions, they are enabling all audiences across the globe to immerse themselves deeper into their stories.
In September 2022, Link-U, Inc., Comikey's Japanese partner, launched its webtoon studio, Studio Moon 6. Further, Link-U would handle distribution in Japan using its specialized knowledge and connections with Japanese publishers.
APAC Media and Entertainment Market Leaders
Zee Entertainment Enterprises Limited
Sun TV Network Limited
Shanghai Media & Entertainment Group (SMEG)
DB Corp Ltd.
Eros International PLC
*Disclaimer: Major Players sorted in no particular order
APAC Media and Entertainment Market News
- November 2022: The Telecom Regulatory Authority of India (TRAI) announced amendments to the new tariff order (NTO 2.0) in the broadcasting sector. The regulator has set a ceiling of INR 19 per MRP for TV channels that can be part of the bouquet. It is now limiting channel bundling discounts to 45%, while at the same time, it continues its restraint of MRPs for TV channels.
- October 2022: Taiwan developed its first English-language news, lifestyle, and entertainment television channel to gain a stronger international presence. The channel would improve Taiwan's global profile by allowing the island to form increasingly deeper relationships with countries that share its essential ideals of freedom and democracy.
APAC Media and Entertainment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Impacts of Macro Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Trends Around Personalization and Increased Digitalization
5.1.2 Significant Growth in Online Gaming, OTT, and Internet Advertising
5.1.3 Smart Utilization of Data Algorithms and AI Leading to Enhanced Digital Products and Services
5.2 Market Restraints
5.2.1 Significant Increase in Piracy Leading to Loss of Revenue
6. MARKET SEGMENTATION
6.1 Type
6.1.1 Business-to-business (B2B)
6.1.2 Book Publishing
6.1.3 Filmed Entertainment
6.1.4 Internet Access
6.1.5 Internet Advertising
6.1.6 Magazine Publishing
6.1.7 Music
6.1.8 Newspaper Publishing
6.1.9 Out-of-Home (OOH) Advertising
6.1.10 Radio
6.1.11 TV Advertising
6.1.12 TV Subscription and Licence Fees
6.1.13 Video Games and e-sports
6.2 Country
6.2.1 China
6.2.2 India
6.2.3 Japan
6.2.4 Thailand
6.2.5 Malaysia
6.2.6 South Korea
6.2.7 Indonesia
6.2.8 Australia
6.2.9 Rest of Asia-Pacific
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Zee Entertainment Enterprises Limited
7.1.2 Sun TV Network Limited
7.1.3 Dish TV India Limited
7.1.4 China Media Group Co. Ltd
7.1.5 Shanghai Media & Entertainment Group (SMEG)
7.1.6 China Film Group Corporation
7.1.7 Shanghai Animation Film Studio (Shanghai Film Group Corporation)
7.1.8 DB Corp Ltd
7.1.9 HT Media Limited
7.1.10 BlueFocus Communication Group Co. Ltd
7.1.11 Eros International PLC
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Media and Entertainment Industry Segmentation
The M&E industry is comprised of businesses that produce, distribute, and offer ancillary digital services and products for Motion Pictures, Television programs, and Commercials, along with Streaming Content, Music, Video and Audio recordings, Broadcast, Radio, Text and Book Publishing, e-Sports, and Video Games sectors. Media are consumed by audiences of all demographics and various channels, such as television, films, out-of-home (OOH), radio, animation, visual effects (VFX), music, gaming, digital advertising, live events, filmed entertainment, and print.
Asia-Pacific Media and Entertainment market is segmented by Type (Business to Business (B2B), Book Publishing, Filmed Entertainment) and Country. The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| Type | |
| Business-to-business (B2B) | |
| Book Publishing | |
| Filmed Entertainment | |
| Internet Access | |
| Internet Advertising | |
| Magazine Publishing | |
| Music | |
| Newspaper Publishing | |
| Out-of-Home (OOH) Advertising | |
| Radio | |
| TV Advertising | |
| TV Subscription and Licence Fees | |
| Video Games and e-sports |
| Country | |
| China | |
| India | |
| Japan | |
| Thailand | |
| Malaysia | |
| South Korea | |
| Indonesia | |
| Australia | |
| Rest of Asia-Pacific |
APAC Media and Entertainment Market Research FAQs
What is the current APAC Media and Entertainment Market size?
The APAC Media and Entertainment Market is projected to register a CAGR of 4.77% during the forecast period (2024-2029)
Who are the key players in APAC Media and Entertainment Market?
Zee Entertainment Enterprises Limited, Sun TV Network Limited, Shanghai Media & Entertainment Group (SMEG) , DB Corp Ltd. and Eros International PLC are the major companies operating in the APAC Media and Entertainment Market.
What years does this APAC Media and Entertainment Market cover?
The report covers the APAC Media and Entertainment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Media and Entertainment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Media and Entertainment Industry Report
Statistics for the 2024 APAC Media and Entertainment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Media and Entertainment analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
