Film And Music Market Is Projected To Strengthen In Value And Scale By 2030
The film and music market size has grown strongly in recent years. It will grow from $426.5 billion in 2025 to $452.67 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to analog to digital transition, expansion of cable and satellite networks, growth in advertising revenue, increased television penetration in developing regions, rise of multi-channel broadcasting. The film and music market size is expected to see strong growth in the next few years. It will grow to $578.67 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to adoption of iptv and ott services, deployment of ai-driven content recommendations, expansion of 4k/8k content production, growth of smart tv adoption, increase in mobile and on-demand viewership. Major trends in the forecast period include shift to over-the-top (ott) and streaming platforms, personalized and targeted advert...