The US entertainment industry is expected to see a CAGR of 9.8% during the period (2019-2025). Improving business investment combined with strong consumer spending aided GDP growth. Before the outbreak of the COVID-19 pandemic, the US entertainment industry was growing considerably owing to the growing consumer base and growing disposable income in the country. The US confirmed its first case of the coronavirus on January 21, 2020. After that the government-imposed lockdown across the country to contain the infection. The US is among the highly affected economy due to the outbreak of COVID-19. Similar to other industries, the entertainment industry is also negatively affected by the COVID-19 pandemic. Amusement parks are closed, and sports, live events, and trade shows are canceled and postponed due to the COVID-19 pandemic. This will impact the US economy growth as the entertainment industry plays a large role in the US economy.
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US entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent COVID-19 pandemic.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
US Online Entertainment Market Report Segment
By Device
- Laptops/Desktops/Tablets
- Smart TVs/Monitors/Projectors
- Smartphones
- Virtual Reality
- Others
By Platform
- Audio Streaming
- Video Streaming
- Gaming
- Internet Radio
By Revenue Model
- Advertisement
- Sponsorship
- Subscription
- Others
The Report Covers
- Comprehensive research methodology of US entertainment industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US entertainment industry.
- Insights about market determinants which are stimulating the US entertainment industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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