Online Video Streaming is escalating the North American media and entertainment market

North America media and entertainment market is projected to grow at a significant CAGR of around 9.8% during the forecast period (2020-2026). Online video streaming industry in North America, especially in the US, is growing at a considerable growth rate. The US-headquartered online video streaming companies, such as Amazon Prime, Hulu, and Netflix, Inc. have already marked their footsteps across the developed and emerging economies across the globe. However, these companies generate majority of their revenue from the US market. The domestic streaming business area of Netflix held a 45.8% share in the net revenue in 2019 and Amazon Web Services generated around 61.0% of their revenue from North America in 2019.

Browse the full report description North America Media and Entertainment Market Size, Share & Trends Analysis Report by Type (Online/Digital Platform and Offline Platform) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-america-media-and-entertainment-market

Even amidst the lockdown of COVID-19 in the most severely hit economies, the Netflix and Amazon Prime have seen an increase in the subscription. Owing to which, these online video streaming companies introduced new features, such as Netflix Party and Amazon Prime Kids. In March 2020, Netflix launched a Netflix Party which will enable its subscribers to access the video in groups and watch them together, during the practice of social distancing. These new developments will further augment the online video streaming market in North America, which in turn, will drive the media and entertainment industry in the region in 2020 and subsequent years. 

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected region/segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North America Media and Entertainment Market – Segmentation

• Online/Digital Platform

o Radio & Music

o Digital Signage

o Theatrical Productions

o Gaming

o Video Streaming

o Others (Virtual Reality and Podcasts)

• Offline Platform

o Events and Trade Shows

o Amusement Parks

o Others (Newspaper/Magazines)

North America Media and Entertainment Market – Segmentation by Geography

• US
• Canada