Global Media Market to Witness Impressive Growth, Fueled by Growing Demand and Technological Advancements

Company Logo

Global Media Market

Global Media Market

Dublin, July 17, 2023 (GLOBE NEWSWIRE) -- The "Media Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.

The global media market is set to experience remarkable growth as it emerges from the COVID-19 shutdown, according to a new report.

The market reached a value of nearly $1,989.55 billion in 2021, exhibiting a compound annual growth rate (CAGR) of 4.7% since 2016.

It is projected to grow to $2,958.59 billion in 2026, registering a rate of 8.3%. Further, the market is expected to achieve a CAGR of 8.7% from 2026 and reach $4,493.98 billion in 2031.

The report identifies several factors driving the growth of the media market. These include the growing prevalence of dental trauma and fractures, the increasing demand for painless and cost-effective treatments, rising aesthetic consciousness among the population, and the surge in the geriatric population prone to tooth decay, loss, and damage. Moreover, the report highlights the growing awareness of oral health and hygiene, escalating expenditure on dental issues, and the rising prevalence of sports injuries causing tooth damage as additional drivers of market growth.

The media market is segmented based on type, including TV and radio broadcasting, film and music, information services, web content, search portals and social media, print media, and cable and other subscription programming. Among these segments, the web content, search portals, and social media segment held the largest market share of 27.2% in 2021 and is expected to be the fastest-growing segment with a CAGR of 16.2% during 2021-2026.

Geographically, North America dominated the media market, accounting for 34.1% of the total in 2021, followed by Asia Pacific. However, the fastest-growing regions in the media market are projected to be Asia Pacific and Western Europe, with expected CAGRs of 30.0% and 23.0%, respectively.

The report also provides insights into the competitive landscape of the media market, featuring prominent companies such as Alphabet Inc., Facebook, Inc., Comcast Corporation, The Walt Disney Company, and Netflix, Inc.

Reasons to Purchase:

  1. Gain a truly global perspective with comprehensive coverage of 50 geographies.

  2. Understand the impact of the COVID-19 pandemic on the market and its future growth prospects.

  3. Develop regional and country strategies based on local data and analysis.

  4. Identify growth segments for investment and capitalize on market opportunities.

  5. Outperform competitors using forecast data, drivers, and market trends.

  6. Understand customer preferences and behavior based on the latest market research findings.

  7. Benchmark performance against key competitors.

  8. Utilize the relationships between key data sets for superior strategizing.

  9. Support internal and external presentations with reliable high-quality data and analysis.