The global online entertainment market size hit USD 90.23 billion in 2023. The market is anticipated to rise from USD 99.98 billion in 2024 to USD 261.23 billion by 2032, exhibiting a CAGR of 12.76% during the analysis period.

Online entertainment sites offer excitement and relaxation to viewers and incorporate Large Language Model-based (LLM-based) algorithms to build their attention through personalized shows. The escalating popularity of smart home devices is anticipated to open lucrative avenues for industry players over the ensuing years.

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)

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Segmentation:

Games Segment to Exhibit Fastest Growth Due to Soaring Number of Group Plays

By form, the market is fragmented into audio, games, video, and others. The games segment held a leading market share in 2023 and is anticipated to expand at the fastest rate over the projection period. The segment’s growth is fueled by the mounting number of group plays for discovering the vital roles of new online games.

Desktop/Laptop Segment to Grow at Fastest Rate Owing to Escalating Demand for High-Performing Laptops