The box office market in the movies and entertainment industry is poised to grow by $21.25 billion during 2021-2025, according to Technavio’s latest market research report. Providing an up-to-date analysis regarding the current market scenario, the latest trends and drivers and the overall market environment, the Technavio report estimates that the box office market will progress at a compound annual growth rate (CAGR) of 21.78%.
The increase in number of movie screens, the surging success of movies due to the increasing use of animation, and growing international collaboration in filmmaking will offer immense growth opportunities. In addition, the surging construction of green data centers, the growing use of free cooling techniques, and infrastructure innovations are some of the most prominent trends anticipated to influence the market’s growth positively during the next few years.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amblin Partners, AMC Networks Inc., AT&T Inc., Comcast Corp., Lantern Entertainment, Sony Corp., MGM Resorts International, Lions Gate Entertainment Corp., ViacomCBS Inc., and Walt Disney Co. are some of the major market participants. To help businesses improve their market position and leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, Technavio’s research reports on the box office market are designed to provide entry support, customer profile and mergers & acquisitions as well as go-to-market strategy support.
