The
global post-production market is subject to witness a substantial growth due to the emergence
of digital transformation in the media sector. Digitalization is considered as
major trend driving the growth of the market over the forecast period. Digital
transformation in the media sector has led to incorporation and variation of
new business and operating models, thus creating a joint, multi-functional and
an on-the-demand digital platform.
Above-mentioned
factors are expected to drive the growth of the market over the forecast
period. Globally, the market is predicted to grow at a CAGR of 7.94%, providing
numerous opportunities for market players to invest for research and
development in the post-production market.
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Increasing
penetration of modern technologies such as Internet Protocol Television (IPTV)
across the globe and online streaming services are expected to boost market
growth in the upcoming years. Increasing focus towards adoption of the
cost-effective delivery solution such as High Definition (HD) content by
various service operators across the globe is expected to fuel the growth of
post-production market in the near future.
Introduction
number of online streaming services such as Netflix, Amazon Prime and Hulu are
changing overall perspective of watching television. Such services are offering
commercial content to user while charging on monthly basis. Moreover, easy
availability of DVR services allows users to skip commercials, thus
contributing significantly to market growth over the forecast period.
Large
number of post-production services are driven by film production budgets in
North America region. However, low profit margins, slow growth and higher
operational cost are restraining market growth to a certain extent. Yet, advent
of technologies such as 2D to 3D conversion services and VFX (Visual effects)
services are anticipated to fuel market demand for post-production services
over the next seven years.
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Market Segment:
The key players covered in this study
•
21st Century Fox
•
AT&T (WarnerMedia)
•
Comcast
Market segment by Regions/Countries,
this report covers
•
United States
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
•
Central & South America
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