Movies and Video Sector’s Technological Leap

Movies and Video Industry Data Book | Forecast 2030

Movies and Video Industry Data Book | Forecast 2030

The movies and video industry was estimated at 159.43 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.1% from 2023 to 2030. The video production market has seen many transformations over the years. Rapid innovations in video production technology have been made each year, with constant research and development. For instance, from evolutions in aerial video shooting using drones to 4K video production and virtual reality, video production technology has witnessed considerable technological advancements.

The trend of using drones and aerial videography has gained popularity in the movies & video industry. Drones consist of a steady camera that provides non-constrained usable footage that can be used for several purposes. Aerial photography has paved the way for drone technology in the video production industry for leisure and business purposes. Also, high-end aerial photography has become more affordable and safer, which helps companies expand their aerial videography services.

Access the Global Movies and Video Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Video Production Market Report Highlights

• By genre, the fantasy & science fiction segment dominated the market with a share of over 27.5% in 2022. The segment has significantly contributed to the industry, driven by the popularity of speculative fiction in film, television, and digital media

• By consumer, the face biometrics technology segment dominated the market with a revenue share of 67.0% in 2022. The growth trends of the consumer segment in this market are influenced by changing consumer preferences, technological advancements, and shifts in how people consume video content

• The North America region dominated the market by a revenue share of 32.4% in 2022. Hollywood and the entertainment industry contribute significantly to this market. Additionally, the demand for corporate videos, advertising, and digital content also remains high

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Video Streaming Market Report Highlights

• The increasing usage of videos in corporate training and the impact of video streaming on the education sector are anticipated to drive the growth of the market

• The Over-the-Top (OTT) segment is expected to register the highest CAGR over the forecast period. The growth is attributable to key trends in OTT, including increased demand for digital original content, hybrid monetization models, and intensive competition resulting in content fragmentation

• The Asia Pacific regional market is expected to witness significant growth over the forecast period owing to the increasing demand for high-speed internet connectivity and Video-on-Demand (VOD) streaming

Movies and Video Industry Segmentation

Video Production Market, By Genre

• Action & Adventure
• Thriller & Horror
• Fantasy & Science Fiction
• Drama
• Documentaries
• Others

Video Production Market, By End-Use

• Enterprise
• Consumer

Video Streaming Market, By Genre

• Action & Adventure
• Thriller & Horror
• Fantasy & Science Fiction
• Drama
• Documentaries
• Others

Video Streaming Market, By End-Use

• Enterprise
• Consumer