Electronic Entertainment Market Report 2024 (Global Edition)

Global Electronic Entertainment Market Report 2024 Market Size Split by Form (Video, Audio, Games, Internet Radio, Others), by Revenue Model (Subscription, Sponsorship, Others), by Device (Smartphones...

Electronic Entertainment Market Report Description

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Electronic Entertainment Market Insights Video

Competitive Landscape of the Electronic entertainment Market

The competitive landscape of the electronic entertainment market is marked by intense rivalry among various players offering diverse content and services. Companies compete on factors such as content quality, user experience, and technological innovation. Market leaders focus on expanding digital libraries and enhancing user engagement, while new entrants aim to capture market share through unique offerings and competitive pricing strategies.

Top Companies Market Share in Electronic Entertainment Industry: (In no particular order of Rank)

• AMAZON PRIME
• Facebook
• Inc.
• Netflix
• Inc.
• Google
• Inc.
• KING.COM LTD
• Ubisoft Entertainment SA
• Sony Corporation (Sony Corp.)
• Rakuten
• Inc.
• Spotify Technology S.A.
• Tencent Holdings Ltd.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electronic entertainment Market

Which Region Dominates the Electronic entertainment Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 due to its advanced technological infrastructure and high consumer spending power. The region benefits from a strong presence of leading entertainment companies and high adoption rates of digital and streaming services. Additionally, a well-established broadband network supports seamless content delivery, driving higher sales and revenue in the market.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Electronic entertainment market fueled by rapid urbanization and increasing internet penetration. The region's expanding middle class is driving higher disposable income, which boosts spending on digital content and entertainment services. Additionally, the growing popularity of mobile gaming and local content creation contributes to the region's swift market growth.

The current report Scope analyzes Electronic Entertainment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electronic Entertainment Market

According to Cognitive Market Research, the global Electronic entertainment market size was estimated at USD 295845.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 118338.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

• According to Cognitive Market Research, The US electronic entertainment market had a market share of USD 93,368.75 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Increased disposable income and a robust technology infrastructure are fueling the US demand for electronic entertainment. Innovations in content delivery drive growth.
• The Canadian electronic entertainment market had a market share of USD 14,200.57 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. Canada's growing tech-savvy population and investments in high-speed internet enhance access to digital content, boosting electronic entertainment sales. The Mexican electronic entertainment market had a market share of USD 10,768.77 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period.

Europe Electronic Entertainment Market

According to Cognitive Market Research, the global Electronic entertainment market size was estimated at USD 295845.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 88753.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2031.

• The UK electronic entertainment market had a market share of USD 14,910.60 million in 2024 and is projected to grow at a CAGR of 14.8% during the forecast period. The UK's expanding broadband coverage and strong media sector contribute to increased consumer engagement with electronic entertainment and digital platforms.
• The French electronic entertainment market had a market share of USD 8,165.33 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. The German electronic entertainment market had a market share of USD 17,573.20 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. Germany's advanced digital infrastructure and rising consumer interest in interactive entertainment platforms propel the growth of the electronic entertainment market. The Italian electronic entertainment market had a market share of USD 7,632.81 million in 2024 and is projected to grow at a CAGR of 13.4% during the forecast period. The Russian electronic entertainment market had a market share of USD 13,756.80 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. The Spanish electronic entertainment market had a market share of USD 7,277.79 million in 2024 and is projected to grow at a CAGR of 13.1% during the forecast period. The Luxembourg electronic entertainment market had a market share of USD 2,751.36 million in 2024 and is projected to grow at a CAGR of 14.1% during the forecast period. The Portuguese electronic entertainment market had a market share of USD 1,863.82 million in 2024 and is projected to grow at a CAGR of 13.8% during the forecast period. The Greece electronic entertainment market had a market share of USD 1,065.04 million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. Rest of Europe electronic entertainment market had a market share of USD 13756.80 million in 2024 and is projected to grow at a CAGR of 12.7% during the forecast period.

Asia Pacific Electronic Entertainment Market

According to Cognitive Market Research, the global Electronic entertainment market size was estimated at USD 295845.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 68044.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.5% from 2024 to 2031.

• According to Cognitive Market Research, Chinese electronic entertainment market had a market share of USD 30,619.98 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. China’s rapid urbanization and increasing internet penetration stimulate demand for electronic entertainment, supported by a growing gaming and streaming culture.
• The Japanese electronic entertainment market had a market share of USD 9,390.13 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. The Indian electronic entertainment market had a market share of USD 8,165.33 million in 2024 and is projected to grow at a CAGR of 19.3% during the forecast period. Rising smartphone adoption and affordable data plans are driving India’s electronic entertainment market, with a surge in local content consumption. The South Korean electronic entertainment market had a market share of USD 6,804.44 million in 2024 and is projected to grow at a CAGR of 16.6% during the forecast period. The Australian electronic entertainment market had a market share of USD 3,538.31 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. South East Asia electronic entertainment market had a market share of USD 4695.06 million in 2024 and is projected to grow at a CAGR of 18.5% during the forecast period. Rest of Asia Pacific electronic entertainment market had a market share of USD 4831.15 million in 2024 and is projected to grow at a CAGR of 17.3% during the forecast period.

South America Electronic Entertainment Market

According to Cognitive Market Research, the global Electronic entertainment market size was estimated at USD 295845.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 14792.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.

• According to Cognitive Market Research, The Brazilian electronic entertainment market had a market share of USD 6,331.09 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. Brazil’s expanding middle class and growing internet user base are accelerating electronic entertainment consumption, with increasing investments in digital content.
• The Argentine electronic entertainment market had a market share of USD 2,485.10 million in 2024 and is projected to grow at a CAGR of 15.8% during the forecast period. Argentina’s increasing smartphone penetration and digital media access are enhancing consumer engagement with electronic entertainment, boosting market growth. The Colombian electronic entertainment market had a market share of USD 1,316.51 million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. The Peruvian electronic entertainment market had a market share of USD 1,212.97 million in 2024 and is projected to grow at a CAGR of 15.1% during the forecast period. The Chilean electronic entertainment market had a market share of USD 1,065.04 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. Rest of Latin America electronic entertainment market had a market share of USD 2381.55 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period.

Middle East and Africa Electronic Entertainment Market

According to Cognitive Market Research, the global Electronic entertainment market size was estimated at USD 295845.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5916.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031..

• The electronic entertainment market in GCC Countries had a market share of USD 2,532.43 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. The GCC's high smartphone penetration and investment in digital infrastructure are driving the electronic entertainment market, with increasing consumer interest in diverse content.
• The Egyptian electronic entertainment market had a market share of USD 621.27 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. The South African electronic entertainment market had a market share of USD 934.87 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period. South Africa’s improving broadband infrastructure and rising interest in digital media are fueling the growth of electronic entertainment and content services. The Turkish electronic entertainment market had a market share of USD 508.85 million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. The Nigerian electronic entertainment market had a market share of USD 621.27 million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. Rest of MEA electronic entertainment market had a market share of USD 698.19 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period.

Electronic Entertainment Market Analysis

How are Segments Performing in the Global Electronic entertainment Market?

Electronic entertainment Market Form Segment Analysis

According to Cognitive Market Research, games stands out as the dominant category over the projected period due to their widespread appeal and the continuous innovation in gaming technology. The increasing popularity of e-sports and the growing demand for immersive experiences drive substantial revenue. Additionally, the expansion of mobile gaming and cloud gaming services contributes to higher sales and market dominance.

Internet radio emerges as the fastest-growing category in the Electronic entertainment market driven by the rising popularity of on-demand audio content and podcasts. The ease of access through various devices and platforms, coupled with personalized listening experiences, attracts a broad audience. Moreover, the growing trend of digital advertising and branded content in internet radio fuels its rapid growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Entertainment Industry. Request a Free Sample PDF!

Electronic entertainment Market Revenue Model Segment Analysis

According to Cognitive Market Research, the dominant category is subscription due to its ability to provide consistent revenue streams and access to a wide range of content. Consumers are drawn to the convenience and value of unlimited access to movies, music, and games through a single subscription. Additionally, recurring billing models enhance customer retention and predictability in revenue generation for providers.

The fastest-growing category in the Electronic entertainment market is sponsorship driven by the increasing integration of branded content and influencer partnerships. As digital platforms expand, companies are leveraging sponsorships to reach targeted audiences more effectively. The rise of social media and streaming services provides new opportunities for brands to engage consumers through tailored sponsorship deals, boosting its rapid growth in the market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electronic Entertainment Device Segment Analysis

Electronic entertainment Market Device Segment Analysis

According to Cognitive Market Research, the dominant category is smartphones due to their widespread adoption and versatility in accessing a variety of entertainment content. The convenience of having portable access to streaming services, games, and apps drives high usage rates. Additionally, continuous advancements in smartphone technology enhance user experiences, further boosting sales and making smartphones a central device for digital entertainment.

The fastest-growing category in the Electronic entertainment market is smart TVs driven by their increasing affordability and advanced features such as 4K resolution and built-in streaming capabilities. Enhanced connectivity options and integration with smart home systems elevate user experiences. The growing popularity of streaming services and the ability to offer a more immersive viewing experience contribute to the rapid growth in smart TV sales.

• Smartphones
• Smart TVs
• Projectors and Monitors
• Laptop
• Desktops
• Tablets
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion