Media & Entertainment

Format: 2017-01-20
Format: 2017-01-20
January 18, 2017 | 72 Pages | SKU: IRTNTR11618

Overview of the global soundbar market

Technavio’s market research analyst predicts the global soundbar market to grow steadily at a CAGR of above 16% by 2021. One of the major factors driving growth in this market is the increasing number of smart homes. Many homes in developed nations such as the US and UK are being remodeled to smart homes. A smart home consists of media and entertainment gadgets, consumer electronic devices, and other smart electronics that can interact with each other through a home network. Such rising demand is driven by government initiatives that promote smart homes for a better living. Solutions like, wireless speakers facilitate the communication between devices that are connected to the home network and provide easy streaming of content like music and videos. Furthermore, with the increasing adoption of smart homes in the developing countries, the global market for soundbars will witness huge growth in the coming years.

The growing trend of multi-room streaming will drive the growth prospects for the global soundbar market until the end of 2021. In network audio systems, all audio devices are wirelessly connected with technologies such as AirPlay, Bluetooth, or Wi-Fi. These technologies separate a system’s physical and logical connections, which means that a single network carries multiple channels, making it possible to make infrastructure changes in relatively less time span and with lesser cost. Also, soundbars allow users to enjoy the music around the house with multi-


January 09, 2017 | 72 Pages | SKU: IRTNTR11462

Overview of the global microbrewery equipment market

The global microbrewery equipment market is anticipated to grow rapidly and will post a CAGR of more than 17% during the forecast period. The increasing number of product innovations will drive the growth prospects for the global microbrewery equipment market in the coming years. As it has been observed that the demand for craft beer is growing, new brewers and existing small and large brewers are introducing new products to increase their consumer base. According to the industry research report, these craft beer brewers are increasingly adding unique ingredients such as tea leaves, chilies, and spices to create new flavors or textures for their existing beer products. Furthermore, brewers are trying to experiment with new names or labels such as Nooner Pilsner by the Sierra Nevada and Liliko'I Kepolo by Avery Brewing to gain a competitive advantage in the market.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major contributing factors responsible for the market’s growth in the region is the high acceptance of craft beer in North America, especially in the US. Also, the growing export of craft beer in countries like Sweden, the UK, and Australia is also responsible for the growing market size in the region. Moreover, the increasing urbanization, rising disposable income, and growing youth population is expected to drive the demand for craft beer in the Americas.

Competitive landscape and key vendors

The global microbrewery equipment market is highly fragmented and competitive due to the presence of a large number of


January 09, 2017 | 66 Pages | SKU: IRTNTR11459

Overview of the global movie theater market

Technavio’s market research analyst predicts the global movie theater market to grow steadily at a CAGR of around 7% by 2021. One of the key factors responsible for the growth of this market is the rise in the demand for high-quality movies. The demand for high-quality movies with enhanced VFX is increasing globally. Instruments, such as depth sensors and HD video cameras, and visual effects (VFX) photography are increasingly being used to enhance the movie experience for viewers. For instance, DepthKit, which was developed by Microsoft, is a markerless motion-capturing device that has been introduced in the entertainment industry. It enables photographers to photograph objects such as 3D sculptures. After syncing the kit with the camera, the photographer can capture 3D CGI sculptures for every frame that is included in the film, thereby enhancing the overall 3D effect. Moreover, the increasing immediacy and flexibility of digital movies will propel the growth of the movie theater market over the next few years.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market over the next four years. This dominance can be attributed to, the presence of a highest number of digital screens in the region. Digitization is growing at a fast rate in the South American countries. Countries in the region like Saint Kitts and Nevis, Aruba, and the US rank among the highest in terms of the number of screens.  

Competitive landscape and key vendors

The global movie theater market is experiencing an increasing demand and sustainable growth. A limited number of theaters in the market provide digital cinema initiatives (DCI) standard projectors and servers for


December 29, 2016 | 71 Pages | SKU: IRTNTR11317

Overview of the global amusement park market

Technavio’s market research analyst predicts the global amusement park market to grow at a CAGR of more than 8% during the forecast period. The demand for amusement parks has increased significantly over the recent years because of the unique experience they offer. The growing interest of individuals in adventurous activities is one of the major factors driving growth in the amusement park market. Technological advancements and the growing innovation and creativity among vendors are important factors that have led to the emergence of amusement parks. They have a wide range of dangerous yet thrilling rides that give individuals a remarkable experience. Also, operators in the market are coming up with more exciting concepts, themes, and rides to augment the interest of customers.

The introduction of virtual theme parks is one of the latest trends gaining momentum in the market. Vendors are developing a 360-degree technology to offer people a real-life experience of the virtual world. They are using professional-grade cameras to create such theme parks for outdoor entertainment. For instance, Disney World has come up with the Star Wars-themed park and has also released a 360-degree picture of the themed land. The park gives fans an opportunity to experience the simulated world in 360 degrees.

Competitive landscape and key vendors

The global amusement park market is highly competitive owing to the presence of numerous vendors, who compete based on the types of activities, service portfolio, pricing, government licensing, and safety measures. Cedar Fair Entertainment, Merlin Entertainments, SeaWorld Parks & Entertainment, Universal Parks & Resorts, and Walt Disney Parks and Resorts are some of the major vendors operating in the market.


December 23, 2016 | 58 Pages | SKU: IRTNTR11240

Global outlook of the gaming simulators market

Technavio’s market research analysts predict the global gaming simulators market to grow steadily at a CAGR of more than 17% by 2021. This industry research report identifies the integration of gaming simulators with virtual reality (VR) headsets to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the emergence and adoption of VR headsets as a substitute for LED screens, the coming years will witness an increasing integration of virtual reality headsets with game simulators. This will enhance the gaming experience for users, subsequently driving market growth.

In terms of geography, the Americas will be the major revenue contributors to the market throughout the next four years. The rise in the average disposable income of people in North America that has made gaming simulators more affordable will be the major factor driving market growth in this region. 

Competitive landscape and key vendors

The market consists of a limited number of vendors and is not very competitive. Product features, technology, content quality, and pricing are some of the major factors that vendors usually compete on. The increasing trend of adopting advanced technologies such as virtual reality among vendors will intensify the market’s competitive environment. To sustain the competition and improve their global positions, vendors have the need to develop innovative technologies and also stay informed about the emerging


December 22, 2016 | 72 Pages | SKU: IRTNTR11215

Overview of the global casino gaming equipment market

The global casino gaming equipment market is anticipated to grow rapidly and post a CAGR of more than 15% during the forecast period. The liberal regulations introduced by several governments will drive the growth prospects for the global casino gaming equipment market in the coming years. Though gambling is banned and strict regulations have been imposed, it is one of the major sources of revenue for countries. Some of the major benefits of gambling are the generation of high revenue in the form of taxes, creation of job opportunities for people, use of revenue for societal welfare, and reduction of budgetary gaps. Also, one of the major factors responsible for the growing popularity of gambling among the users is the increasing accessibility of sports betting to a large part of the population. Furthermore, it is anticipated that a change in regulations in various countries such as the US offers huge opportunities for the gambling sector to grow during the forecast period.

The increasing adoption of virtual reality (VR) in the gambling market will drive the growth prospects for the global casino gaming equipment market in the coming years. Virtual reality (VR) is an emerging technology that has applications in various industries such as education, entertainment, gaming, and gambling. However, the penetration of VR technology is limited since very few gambling providers are adopting the technology. One of the major benefits of the increasing adoption of VR technology in the gambling industry is the growing opportunity for new players in the market.

Competitive landscape and key vendors

The global casino gaming equipment market is highly diversified and competitive due to the presence of a large number of regional and international vendors across the globe. Some of the challenges these vendors in the market face are


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