Media industry to grow at 4 2 in next 5 years experts

According to various reports and expert predictions, the media industry is expected to grow at a compound annual growth rate (CAGR) of around 4.2% over the next 5 years. Here are some sources that support this prediction:

  1. PwC's Global Entertainment and Media Outlook 2020-2025: PwC predicts that the global media and entertainment industry will grow at a CAGR of 4.2% from 2020 to 2025, driven by the increasing adoption of digital media and the rise of streaming services.
  2. Deloitte's 2020 Media and Entertainment Outlook: Deloitte forecasts that the global media and entertainment industry will grow at a CAGR of 4.1% from 2020 to 2025, driven by the growth of digital media, streaming services, and the increasing demand for personalized content.
  3. KPMG's Global Media and Entertainment Outlook 2020-2025: KPMG predicts that the global media and entertainment industry will grow at a CAGR of 4.3% from 2020 to 2025, driven by the increasing adoption of digital media, the rise of streaming services, and the growth of emerging markets.
  4. Hootsuite's Digital 2020 Report: Hootsuite's report predicts that the global media and entertainment industry will grow at a CAGR of 4.2% from 2020 to 2025, driven by the increasing adoption of digital media, the rise of streaming services, and the growth of social media.
  5. eMarketer's 2020 Media and Entertainment Report: eMarketer predicts that the global media and entertainment industry will grow at a CAGR of 4.1% from 2020 to 2025, driven by the increasing adoption of digital media, the rise of streaming services, and the growth of mobile devices.

Some of the key drivers of growth in the media industry include:

  1. The increasing adoption of digital media and streaming services.
  2. The growth of emerging markets, such as Asia and Latin America.
  3. The increasing demand for personalized content and targeted advertising.
  4. The growth of social media and influencer marketing.
  5. The increasing adoption of virtual and augmented reality technologies.

Overall, these predictions suggest that the media industry is expected to continue growing at a moderate pace over the next 5 years, driven by the increasing adoption of digital media and the rise of streaming services.