AI in Media and Entertainment Market Worth $99.48 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCOJune 28, 2022 /PRNewswire/the global AI in the media and entertainment market size is expected to reach: USD 99.48 billion by 2030, according to a new report from Grand View Research, Inc. The market is expected to grow at a CAGR of 26.9% from 2022 to 2030. The increasing popularity of virtual creation in the media and entertainment industry and the ability to create high-definition graphics and real-time virtual worlds are propelling the market forward. . Artificial intelligence (AI) helps media companies realize these benefits by improving content management at various stages of the content process workflow, including smart content analysis and categorization, automatic image tagging, scalable personalization and predictions, time-saving content creation assistance , and text intelligence and analytics, and speech-enabled platforms.



Key industry insights and findings from the report:

  • In terms of solutions, the services segment accounted for its peak revenue share in 2021 and will continue to grow at a steady CAGR from 2022 to 2030.

  • This growth is attributed to the lack of trained professionals in virtual production and VFX technology; movie studios or filmmakers often hire qualified agencies and their services to implement VFX in their video productions.

  • The sales and marketing segment accounted for the majority of global market revenue in 2021.

  • AI is used for commerce or marketing aspects, including entertainment and media design, advertising, and promotions.

  • North America is expected to dominate the market over the forecast period as the region offers significant growth opportunities for industry expansion due to substantial investments in AI projects and related R&D activities.

Read a 100-page market research report for more industry insightsAI in Media and Entertainment Market Size, Share and Trend Analysis Report by Solution (Hardware/Equipment, Services), by Application (Gaming, Personalization) and Segment Forecasting, 2022 – 2030published by Grand View Research.

AI in Media and Entertainment Market Growth and Trends

AI technology providers are partnering with broadcasters to incorporate AI to optimize programming schedules. For example, the BBC has put a lot of effort into applying AI/Machine Learning (ML) to optimize and automate content management. These activities were implemented in a live broadcast and discussed further in later segments. These projects focus precisely on workflow improvements aimed at time and cost savings in creation and distribution. The increasing use of AI-based virtual production infrastructure in movie studios and TV shows is expected to drive demand for motion capture workstations, virtual cameras, simulation cameras and other virtual production hardware in the coming years.

The rising popularity of realistic virtual elements and three-dimensional designs for movies and video games is expected to drive demand for computer graphics cards. Artificial intelligence in the media and entertainment industry is implemented for commerce or marketing, including design, advertising and film promotion. Smart AI frameworks can create comprehensive marketing and advertising solutions. With the help of AI, predictive analytics can speed up marketing processes. AI-powered marketing software helps create promotional approaches, achieve audience goals, and craft effective customer solutions. For example, ‘Alibaba Luban’, an AI-based graphic design software, produces visual designs 100 times faster than humans, meaning it can create 8,000 banners in just one second.

AI in Media and Entertainment Market Segmentation

Grand View Research has segmented the global AI in the media and entertainment market by solution, application, and region:

AI in Media and Entertainment Market – Solution Prospects (Revenue, USD Million, 2017 – 2030)

  • Hardware/Equipment

  • Services

AI in the Media and Entertainment Market – Application Outlook (Yield, Million USD, 2017 – 2030)

AI in the Media and Entertainment Market – Regional Outlook (Yield, Million USD, 2017 – 2030)

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East & Africa

List of Major Artificial Intelligence (AI) Players in the Media and Entertainment Market

  • Amazon Web Services, Inc.

  • EMG

  • Gearhouse South Africa Pty. Ltd.

  • Gravity Media

  • GrayMeta

  • International Business Machinery Corp.

  • LMG, LLC

  • Matchroom Sports Ltd.

  • Production Resource Group, LLC

  • Synthesia Ltd.

  • TAIT

  • Valosa Labs Ltd.

  • Veritone, Inc.

  • Pixel lot

  • PlaySight Interactive Ltd.

  • AISportsWatch GmbH

  • Spiideo

  • Sportway AB

  • EVS Broadcast Equipment SA

  • hudlic


  • Automatic TV

Check out more related studies published by Grand View Research:

  • Artificial Intelligence for IT Operations Platform Market The global market size of Artificial Intelligence for IT operations platform is projected to be: USD 33.82 billion by 2030, at a CAGR of 17.7%, according to a new report from Grand View Research, Inc. Rapid digital transformations in global business organizations have resulted in increasingly complex data sets. Companies spend a significant amount of time, expense and effort processing large amounts of data. IT operations are also on the brink of this transformation, with IT teams having to manage complex data sets to support their business. In addition, the data load has increased significantly in recent years due to the distributed architecture and dynamic nature of business applications and services.

  • Artificial Intelligence Market The global artificial intelligence market size is expected to reach: USD 1,811.8 billion by 2030, according to a new report from Grand View Research, Inc. The market is expected to grow at a CAGR of 38.1% from 2022 to 2030. Artificial intelligence (AI) refers to the concept and development of computer systems capable of performing common tasks requiring human assistance such as decision making , speech recognition, visual perception and language translation. AI uses algorithms to understand human speech, visually recognize objects, and process information. These algorithms are used for data processing, calculation and automated reasoning.

  • Voice and Speech Recognition Market – Global speech and speech recognition market size is expected to reach USD 53.66 billion by 2030, at a CAGR of 15.3% over the forecast period, according to a new report from Grand View Research, Inc. -enabled virtual assistance systems as a result of increasing applications in the banking and automotive sectors. The growing need to counter fraudulent activity and improve security in the banking sector is driving the adoption of voice biometrics for user authentication. The automotive sector is expected to gain momentum through technological advances and the emergence of innovative concepts, such as autonomous and connected cars.

Browse Grand View Research’s Next Generation Technology research reports.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides both syndicated and custom research reports and advisory services. Signed up California and the head office is located in San Francisco, the company includes more than 425 analysts and consultants, who add more than 1,200 market research reports to its extensive database each year. These reports provide in-depth analysis of 46 industries in 25 major countries worldwide. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutions understand the global and regional business environment and measure the opportunities ahead.


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GrandView Research, Inc.
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