Movies and Entertainment Market size was over USD 105.63 billion in 2024 and is projected to reach USD 277.07 billion by 2037, growing at around 7.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of movies and entertainment is assessed at USD 112.14 billion.
The industry is growing favorable demographics, shifting consumption habits, rising disposable incomes, and consumers' inclination to spend money on entertainment and leisure. Growth in the movies and entertainment market is expected to be driven by the growing demand for 3D movies, which provide audiences with an immersive virtual reality experience. Across the globe, there were over 126,35 thousand digital 3D cinema screens in 2021, up from 83,00,000 in 2016. Over half a decade, it has increased by 54 percent.
Furthermore, music is now more widely available to everyone, everywhere, owing to streaming sites that offer both music and video material. The better sound quality of content that is streamed is one of the many additional advantages of streaming platforms that support the industry's expansion. To enter unexplored movies and entertainment market, major players have embraced techniques including distribution alliances and regional expansions.
Author Credits: Abhishek Verma
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