The global online entertainment market size stood at USD 90.23 billion in 2023. The market is poised to expand from USD 99.98 billion in 2024 to USD 261.23 billion by 2032, depicting a CAGR of 12.76% during the forecast period.

Online entertainment sites, such as Netflix, Amazon Prime Video & Web Services, and others, use cutting-edge technologies for offering storytelling digital solutions. The rising consumer expenditure on video-on-demand subscription services is anticipated to propel industry expansion.

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List of Key Players Mentioned in the Report:

• Netflix (U.S.)
• The Walt Disney Company(U.S.)
• Comcast Corporation(U.S.)
• Sony Group Corporation (Japan)
• Nintendo Co., Ltd. (Japan)
• Electronic Arts Inc. (U.S.)
• Spotify (Sweden)
• NetEase, Inc. (China)
• Universal Music Group (Netherlands)
• com, Inc. (U.S.)
• Flutter Entertainment plc. (Ireland)
• Tencent (China)

Segmentation:

Games Segment to Depict Fastest Rate Owing to High Consumer Expenditure

On the basis of form, the market is segregated into audio, video, games, and others. The games segment is poised to surge at the fastest rate over the forecast period driven by the high consumer expenditure on gaming subscription services, pay-per-downloads, and in-app gaming purchases.

TV Segment Registers Prominent Share Due to Mounting Adoption of Smart TVs