While the slowdown in the global economy owing to the Coronavirus pandemic is expected to take a toll on the overall growth of the M&E industry globally, higher time spent by individuals at home due to the lockdown in different parts of the world is expected to continue to support the digital and video-streaming platforms. How COVID-19 Will Affect the Media and Entertainment Industry Trends for 2020. This will continue in 2020 where media companies will continue working alongside AIs for personalized content recommendations and effective advertisements. In 2019 we experienced the explosive popularity of Netflix (followed by several more streaming platforms including the likes of Amazon Prime, Hotstar) along with traction towards E-sports. The Global Media and Entertainment industry, one of the largest in terms of revenue and market size, is made up primarily of five distinct sub-segments– including TV, film, video games, publishing and music. Digitization of the M&E industry has, in many ways, threatened the traditional setup. In fact, as per PWC’s Global Entertainment & Media Outlook Report 2019-2023, in 2018, revenue earned from mobile internet advertising exceeded its wired equivalent for the very first time. This box/component contains JavaScript that is needed on this page. Media & Entertainment Market Landscape is expected to register a CAGR of over 13% during the forecast period (2020 – 2025). Back Services We are also open to articles with tips and tricks, how-to and step by step guide as well.Media and Entertainment Industry in 2020: Trends & OutlookMedia and Entertainment Industry in 2020: Trends & OutlookOr if are you looking to adopt digital transformation practices for your travel enterprise, here's a round up of Find out more on such ... There is a massive gap in trust right now, and the media and entertainment industry is at the center of this dilemma. For the laggards, it’s time that they start to implement Enterprise Resource Planning to ensure higher efficiencies, lower spending, and more efficient work processes overall. Drupal, Planet Drupal, MarTech, Digital Experience Last few years saw an unprecedented rise in the number of fake news and videos, while also risking the misuse of customer data. Internet - has been the key to both the industry’s growth as well as guided it to evolve continuously. Drupal, Cloud, Financial Services Here’s a look at some of those trends expected to transform the media and entertainment industry in 2020 and beyond:One of the most transformative tech solutions in the past few years, AI has been used in numerous ways to improve customer experience and streamline business operations.
Digital media emerged as an alternative distribution medium, taking center stage across all sub-sectors like print, films, advertising, gaming, animation, radio and music. While the ever-changing trends in the industry have allowed for several growth opportunities for the industry players, they also pose several challenges due to the continuous pressure of increasingly being able to satiate consumer experience. This has already started with GDPR in Europe, and I expect it to continue globally over the next decade. The rapid evolution of technology has transformed the media and entertainment industry, along with the integration of new disruptors for generating profitable growth across the sector. Therefore designing and deploying their own AI-based systems will also remain an expensive proposition for most media companies this year.In 2017, The Global Entertainment and Media outlook forecast predicted that by 2020, VR content revenue would VR has an array of applicability in the entertainment industry.
Streaming services are capturing the whole industry and accounted as critical platforms for marketing. 2020 Telecom, Media, and Entertainment Outlook Kevin Westcott, Deloitte’s US leader of telecommunications, media, and entertainment, explores the biggest media trends for 2020—from content re-aggregation and ad-supported video to esports and 5G.As major networks and studios continue to launch their own direct-to-consumer streaming services in 2020, competitors will likely scramble to offer content libraries broad enough to both attract and retain customers.
It means that I spend my life learning about what drives people to adopt new technology so I can share those secrets with companies that are ready to take their business to the next level. Drupal provides enterprise class the content management features that are ideal for media websites. Top players have moved past from just suggesting the content customers might like to creating content customized according to their choices. That you need to start focusing on building intelligent enterprises—not just cool and exciting media arms.2020 is the time when you should start making investments in tools and technology that ensure higher efficiencies, lower spending and more efficient work processes.