Wednesday, June 20, 2018
Global Media and Entertainment Market is Expected To Reach US$2.3 Trillion by 2022
The Media and Entertainment Market is Currently Pegged at ~USD 1.6 Trillion, and is Expected to Touch USD 2.3 Trillion by 2022
Zinnov (PRNewsfoto/Zinnov Management Consulting)
BENGALURU, June 20, 2018 /PRNewswire/ --
- The Media & Entertainment (M&E) space is divided into eight major segments -Broadcasting, Entertainment, Publishing, Information Services, Gaming, Marketing & Advertising, New Media, and Education
- The overall market is expected to witness a growth of 6.5% to 7.5% through 2022
- Broadcasting is the largest M&E market segment, and stands at USD 420 to 440 billion, accounting for more than one-fourth of the overall market
- New Media is expected to grow at 16.5% to 17.5% for the next 5 years and touch USD 450 to 470 billion and account for one-fifth of the market by 2022
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