Irving, TX (PRWEB) May 18, 2012
After weathering the storm brought on by the worldwide financial crisis, the global media and entertainment industry is poised to take center stage again. The market holds significant opportunities for industry players and is forecast to reach approximately US $1,289 billion in 2017 with a CAGR of 5% during 2012–2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global media and entertainment marketand presents its findings in “Global Media and Entertainment Industry 2012–2017: Trend, Profit, and Forecast Analysis.”
The media and entertainment industry comprises the creation, aggregation, and distribution of content, news and information, advertisement, and entertainment through various media channels and platforms. As the study details, the market is highly fragmented, with North America dominating the industry. Asia Pacific (APAC), Latin America, and the Middle East are anticipated to develop rapidly, with APAC witnessing the highest growth during 2012–2017.
Lucintel’s research indicates increasing disposable income and an improved economy would boost demand for entertainment products. Rising online distribution of content and video games should stimulate end-user spending. Factors such as consumer income levels, advertiser spending, technological innovations, and government regulations are expected to impact industry dynamics.The growing dominance of Internet-based entertainment is anticipated to lead to double-digit growth in Internet advertising and account for 10% of overall industrygrowth during the next six years.
Lucintel’s reportis a cost-effective tool that presents the key aspects of the media industry on an annual and quarterly basis, providing the most current analysis of the market for confident and timely decision making.The report tracks four industry segments acrossNorth America, Europe, APAC, and Rest of World – thus it tracks 16 segments of the media and entertainment industry. The report helps executives plan for inventory and resource management. This report does not include advertising agencies.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com . Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.