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Media and Entertainment Industry to Hit $1 Trillion Valuation in 2024
Media and entertainment industry to hit $1 trillion valuation in 2024, Omdia forecasts with online advertising and gaming the growth sectors.
The media and entertainment industry is forecast to surpass a $1 trillion valuation in 2024, according to Omdia ’s senior research director María Rua Aguete, a speaker at Tuesday’s Future Trends Report panel at Miami’s Content Americas, which runs through Jan. 25. The dynamics within these segments reveal a complex interplay of consumer preferences, technological advancements, and evolving business models, highlighting the industry’s robustness and adaptability in the face of changing market conditions. The convergence of advertising, digital content, and consumer preferences nuances the new narrative for the sector, one that emphasizes innovation, adaptability and a knowledge of the past and a nose for the future.
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