Media & Entertainment
Overview of the global wearable patch market
Technavio’s market research analyst predicts the global wearable patch market to grow at an impressive growth rate of more than 88% between 2016 and 2020, in terms of unit shipment. The rapid surge in lifestyle diseases, growing aging population, and increasing healthcare costs have prompted several health insurance companies and the healthcare industry to come up with devices, such as wearable patches, that can detect and keep a check on diseases. Wearable patches not only monitor patients but also track their sports activities and deliver drugs. These wearable devices can be easily hidden under clothing and do not restrict a person’s movement, which enables them to be used for a longer duration and aids in better precision. Moreover, these patches are compatible with most of the mobile OS and can connect easily to any smartphone through Bluetooth, making them a preferred alternative for other health-monitoring devices such as fitness bands and smartwatches. Most of the manufacturers in the market are making their products available at more affordable prices to augment their sales. One of the latest developments in the market is the growing adoption of wearable patches in the cosmetic industry. For instance, L'Oréal is planning to come up with a UV radiation absorption monitor, which will help users to monitor the amount of UV radiation absorbed by the body.
During 2015, the Americas dominated the market and accounted for the largest market share. Much of the region’s growth can be attributed to the increase in the number of health-conscious individuals who are considerably using FDA-certified patches. Wearable patches have extensive usage among sportspersons, athletes, working professionals, and individual consumers. These devices monitor fitness levels of individuals and
Overview of the global 360-degree camera market
The global 360-degree camera market is anticipated to grow rapidly and will post a CAGR of close to 35% during the forecast period. The increasing penetration of virtual reality (VR) headsets will drive the growth prospects for the global 360-degree camera market during the forecast period. The gaming market witnesses a high demand for the VR headsets. As a result, the production and adoption of VR headsets are increasing on a global level. VR provides a simulated environment through VR hardware and software, which gives users a virtual experience. It also uses synchronized sound and sight with data suites to provide users a real-life experience. Moreover, the increased penetration of VR headsets will increase the growth prospects for the 360-degree cameras market. Since the VR gamers are expected to increase during the forecast period, the growth potential of 360-degree cameras is very high.
In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the growth of global 360-degree camera market in the region is the rapid increase in the number of VR gamers. Also, the adoption of VR technology by industry giants like Sony and Microsoft will drive the growth prospects for the market in the coming years. Furthermore, companies such as Apple and Google have a large user base in the mobile gaming segment, which is likely to increase the adoption of VR content in the mobile gaming industry.
Competitive landscape and key vendors
The global 360-degree camera market is an oligopoly market with a limited number of global brands. Also, vendors in the market do not compete based on price but compete based on rapidly evolving technologies, features, and resolution. As vendors increasingly adopt advanced
Overview of the global set-top-box (STB) market
According to the analysts at Technavio, the global market for STBs will generate a revenue of almost USD 14 billion by 2020. The increasing digitization of television networks will drive the growth prospects for the global STB market during the forecast period. The digitization of cable networks not only improves the quality of cable networks but also helps the network operators to maintain a track of the actual number of subscribers. Also, to increase the transparency of money transfers, the government of various countries such as India and China, are mandating the installation of STBs that ensures the consistency of tax payments to be contributed by the cable TV operators. One of the major issues with the analog channel is signal tapping, which results in the loss of video quality. As a result, the popularity of digitization of television networks and STBs is expected to increase during the forecast period. Furthermore, one of the major factors that encourage the consumers to adopt STBs is the wide range of channels and better picture quality that they obtain due to digitization of cable networks.
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors that influence the growth of the market in the region is the rising shipment of TV units. Another factor that leads to market growth is the digitization of TV content being mandated by the governments in leading countries like China and India.
Competitive landscape and key vendors
The global STB market witnesses an intensely competitive environment due to the presence of big players that dominate the market. Also, the market is consolidated as the top four players account for nearly half of the overall market share.
Overview of the VR glove market
The VR glove market is anticipated to grow rapidly and will post a CAGR of more than 82% during the forecast period. The increasing preference for enhanced consumer experience will drive the growth prospects for the VR glove market during the forecast period. The use of VR gloves offers a large number of benefits for the users. One of the major factors that fuel the growth prospects for the market is the portability feature of the virtual reality gloves and the incredible experience it offers such as the controlled VR environment from any place. Another factor that drives the market’s growth is the hands-on experience it provides the users in the virtual world, which becomes the closest thing available for real-life simulation. Also, the users get to experience themes like nature, the universe, different countries, and underwater flora without spending a lot of money. Furthermore, these gloves are extensively used in medical institutions and the military and aviation sectors to allow students and trainees to learn more by experiencing virtual objects. Moreover, since the VR gloves are considered to be one of the latest and most innovative technology, they are increasingly gaining traction in the market. Also, with the increasing consumer awareness of the product, the demand for virtual reality gloves is growing in the market.
The growing emergence of smartphone-integrated VR headsets will propel the growth prospects for the market in the coming years. Since headsets can be used as stand-alone devices, they offer benefits such as the portability, untethered characteristic, and ease of use. Also, the increasing growth of the global smartphone market will increase the adoption of smartphones and tablets to bring about an immersive experience in VR gaming.
Competitive landscape and key vendors
The market comprises of a limited number of
Overview of the global GigE camera market
The global GigE camera market is anticipated to grow at a steady rate and will post a CAGR of more than 11% during the forecast period. The technological advantages offered by GigE cameras over traditional cameras will drive the growth prospects for the global GigE camera market until the end of 2020. The use of GigE cameras eliminates the need for frame grabbers, which is a necessary component when used with analog technology or regular cameras. Also, the installation cost of GigE camera setup is relatively low, which increases its adoption among the end users. Moreover, the hubs used in conventional camera devices have a limited cable length because of which multiple hubs are deployed between the camera and the receiver. The installation of multiple hubs results in high power consumption and an increased overhead cost. In addition, the excessive use of separate cables also increases the risk of high electromagnetic interference. However, the use of GigE camera overcomes the shortcomings of conventional cameras and as a result, the adoption rate of these devices is rising in the market.
In terms of geography, the Americas accounted for the maximum market share during 2015 due to the presence of a large number of GigE camera vendors. However, the global GigE camera market is expected to decline by 2020 because of the rising price of camera devices.
Competitive landscape and key vendors
The global GigE camera market is one of the fastest-growing markets and is highly competitive due to the presence of several vendors. Also, the market is highly dynamic due to rapid technological advancements and numerous business innovations. To survive and succeed in this environment, vendors need to distinguish their product and service offerings through clear and unique value propositions. Also, they are focusing on offering product features
Overview of the global commercial drone-enabled services market
Technavio’s market research analyst predicts the global commercial drone-enabled services market to grow tremendous at a CAGR of more than 35% during the forecast period. One of the latest developments in this market is the integration of commercial drones with VR technology. The integration of VR and AR into commercial drones offer different solutions for workforce automation. Moreover, with the use of such drones, companies aim to reduce human error. Countries such as the US are expected to implement these commercial flights primarily for infrastructure, industrial, and defense purposes in the coming years. Another trend gaining significance in the market is the growing popularity of camera drones, which are equipped with smart cameras and smart sensors. Also, since they offer users specialized videos and high-quality photos and uploads photos and videos easily. With the increasing application of commercial drone-enabled services in construction, agriculture, and law enforcement agencies, the market for such services will witness high growth over the next four years.
In terms of geography, APAC is expected to witness the highest growth rate during the forecast period. Much of the region’s fast growth can be attributed to the increasing use of such services by vendors across diverse industries such as construction and agriculture. Commercial drone-enabled services assist in minimizing operational and monitoring expenses. Moreover, the increasing awareness among consumers has pushed several drone manufacturers to launch their manufacturing units in the region, thereby intensifying competition among market vendors.
The media and entertainment industry has always been at the forefront of technological innovation, as it is the only industry that touches almost every individual globally in one way or another. Investment in this industry is strong and it will continue to benefit from heavy investment for future growth.
Advertising agencies, entertainment news bureaus, and social media agencies are a just a few of the many types of organizations that make up the much larger media and entertainment industry. Paramount Pictures and Warner Bros., for example, are two large film studios that are contributing to the growth and development of the media and entertainment industry.
Technavio’s media and entertainment domain provides leveragable insights into the many facets of the media and entertainment industry and why it is important and thriving. Our portfolio of reports covers consumer electronics, gaming, the Internet and e-commerce, mainstream media and entertainment, and publishing and advertising.