Assuras
Media and Entertainment
Today's media and entertainment industry is experiencing drastic changes, where it has become nearly impossible to keep up with the demands for new content. New forms of content continue to evolve at an alarming rate - reaching consumers faster than ever before; no matter what platform they use to connect.
In this changing world where technology can give us anything we want at any time and place, content consumption is becoming an expectation. Content creators now face the challenge of making each individual feel personally involved in their own experience. But amidst these changes, disruptions will always exist - because you can't expect things to stay the same when they are constantly changing.
With our deep media and entertainment consulting expertise, Assuras can help you find new growth opportunities for your company. Whether it be anticipating and meeting customer demand, tapping the full value of your data assets, or seizing a leadership position in the rapidly evolving media ecosystem - With us at your side, no challenge is too big!
Most Recent Media and Entertainment Statistics
➔ According to a recent report, the Media And Entertainment Industry is growing at a rate of 5.6% per year and is expected to reach $2.2 trillion by 2021.
➔ The industry is driven by the increasing demand for content, the growth of digital platforms, and the rise of new technologies such as virtual reality and artificial intelligence.
➔ The Media And Entertainment Industry employs over 4 million people and is a major contributor to the global economy.
➔ The industry is expected to continue to grow in the coming years, with new technologies and platforms driving innovation and growth.
Our Contribution — Services
Assuras offers a wide range of services in the Media And Entertainment industry, including:
- Providing an end-to-end solution for the media and entertainment industry
- Offering a wide range of services such as content management, distribution, and marketing
- Enabling clients to focus on their core business while Assuras takes care of the technology needs
- Delivering high-quality and scalable solutions that meet the ever-changing needs of the industry
- Helping clients stay ahead of the curve with the latest technology trends and innovations
Current State of Industry
Consumers are demanding more choice and more control over their entertainment experiences. The industry is responding by investing in new content, new platforms, and new ways to reach and engage consumers.
The industry is also facing some challenges. Piracy continues to be a problem. The economic downturn has hit the industry hard, with advertising revenues and consumer spending both down. And the industry is still struggling to find a way to effectively monetize digital content.
But despite these challenges, the media and entertainment industry is flourishing. It is adapting to the changing landscape and emerging as a stronger and more vibrant sector of the economy.
Future Prospects
The Media And Entertainment industry is forecast to grow at a compound annual growth rate of 5.6% from 2018 to 2023, according to a new report by Market Research Future (MRFR). The report attributes this growth to the increasing popularity of digital media, the growing demand for content, and the expanding scope of the industry.
The global Media And Entertainment industry is expected to reach USD 2.14 trillion by 2023 from USD 1.72 trillion in 2018, MRFR finds. This growth will be driven by the increasing popularity of digital media, the growing demand for content, and the expanding scope of the industry.
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