Global media and entertainment market projections

FM Radios Market size was valued at USD 325.03 Billion in 2024 and is projected to reach USD 528.1 Billion by 2031, growing at a CAGR* of 6.90% from 2024 to 2031.

The global blogging platforms market size is projected to grow from USD 2.8 billion in 2023 to USD 5.3 billion by 2032, at a CAGR* of 7.1% during the forecast period.

According to Custom Market Insights (CMI), The Live Streaming Market size was estimated at USD 38.87 Billion in 2022 and is expected to hit around USD 256.56 Billion by 2032, poised to grow at a CAGR of 28% from 2023 to 2032.

The global podcasting market size was valued at USD 2.22 billion in 2022 and is projected to grow from USD 2.84 billion in 2023 to USD 17.59 billion by 2030, exhibiting a CAGR* of 29.8% during the forecast period. Summary

The overall trend indicates a shift towards digital media platforms. While traditional media like FM radio is still relevant, the future of media production lies in digital formats like blogging, live streaming, and podcasting. These digital segments are expected to experience substantial growth in the coming years.

_________________________________ *) The compound annual growth rate (CAGR) is the annualized average rate of revenue growth between two given years, assuming growth takes place at an exponentially compounded rate.