Jan 14, 2021 (The Expresswire) -- Global “ Mobile Entertainment Market ”Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. Also, Mobile Entertainment Market is predicted to grow at a CAGR of 15 during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Mobile Entertainment market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.
The report gives - Who are the global key players in this keyword market? What are their company profile, product information, and contact information? What Was the Global Market Status of Mobile Entertainment Market? What Was Capacity, Production Value, Cost and PROFIT of Mobile Entertainment Market?
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Mobile Entertainment Market Overview 2021:
The Mobile Entertainment market is expected to grow at a CAGR of over 15% during the forecast period (2018 - 2023). Mobile entertainment can be divide into type of solutions such as games, vide, and music. iOS, and Android are the major operating systems for which these solutions are designed. The scope of our study is geographically limited to North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Growing proliferation of smartphones has resulted in a dominant transformation in mobile user behavior and mobile entertainment. Before the advent of smartphones, the mobile entertainment phenomenon comprised of ringtones, wallpapers, and a few full tracks of audio. Mobile TV and games, streaming video and music have transformed digital entertainment and is providing in a wholesome experience for mobile users. Of late, mobile apps have reformed the way users discover and view content. Thus, the recent years have witnessed music and game studio releasing on a mobile app which is increasingly becoming the access point for users to explore and savor the content. Also, growing penetration of smartphones across the globe and the growth in mobile network accessibility in recent years such as 3G and 4G are expected to drive the mobile entertainment market. However, paid version of some types can challenge further penetration, especially in developing countries.
Rising Demand for Video Streaming to Augment the Market
Video streaming is a significant driver of Wi-Fi and cellular data consumption on mobile devices, accounting for more than 75% of data consumed by smartphone owners. Also, the presence of prominent streaming application such as YouTube which is free is driving the most significant data demands. To leverage the opportunities, companies such as ATandT have introduced their mobile application services for customers to view TV channels and various other on demand services on their mobile devices. Moreover, the numbers related to the growth of mobile video have increased in recent years. For instance, Ciscoâs Mobile Visual Networking Index estimated that mobile data traffic grew 63% in 2016 to reach 7.2 exabytes per month by the end of the year. Furthermore, 60% of that traffic was video.
Asia-Pacific Expected to be the Fastest Growing Market
The market in the region is driven by the growing penetration of smart phones coupled with the arrival of high speed 4G networks in countries such as India. In order to gain from the surge in mobile-based OTT video consumption, telcos and OTT service providers have entered into strategic partnerships, offering bundled services and discounted subscriptions to users. For instance, companies in India such as Airtel and Vodafone have collaborated with Amazon Prime and Netflix respectively to provide video streaming services at cheaper rates. According to a report, Indian users spend almost 70% of the time on applications like Facebook and WhatsApp, and music and entertainment apps. It is much higher than US, where the population spends 50% on these solutions. Thus, ample opportunities lie for entertainment solutions providers to launch new products.
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Top Key-players/Leading Manufacturers of Mobile Entertainment Market:
● Amazon Inc. ● Apple Inc. ● ATandT Inc. ● Electronic Arts Inc. ● Facebook ● Google LLC ● Netflix Inc. ● OnMobile Global Limited ● Rovio Entertainment Corporation ● Snap Inc. ● Spotify Technology SA ● Tencent Holdings Limited
With tables and figures helping analyze the worldwide Global Mobile Entertainment market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global Mobile Entertainment market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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