The Global Entertainment & Media Outlook 2023–2027

The media business in India is currently experiencing significant growth and transformation.?The?Global Entertainment & Media Outlook 2023–2027?report highlights that India’s entertainment and media (E&M) industry witnessed a?15.9% growth?in revenue in 2022, reaching?USD 46,207 million1.?This growth is expected to continue, with a projected compound annual growth rate (CAGR) of?9.7%, potentially reaching?USD 73,560 million?by 2027.

The scope of the media business in India is quite broad and promising, driven by several factors:

Digital Media: This segment is the second largest in the media and entertainment sub-segments, showing a?15% growth?in 2022.

Online Gaming: Grew by?34%?in 2022 and is expected to reach?$2.8 billion?by 2025.

OTT Platforms: Over-the-top platforms are powering the growth of the media sector, along with gaming, traditional TV, and advertising.

5G Services: The launch of commercial 5G services in 2022 is expected to shape the industry’s capital expenditures in the coming years.

Internet Accessibility: Increasingly affordable data packages are making the internet accessible to a larger population, which in turn is expected to boost data consumption and generate significant revenue.

Furthermore, the?Invest India?report suggests that India’s Media & Entertainment industry is expected to grow to?$100 billion?by 2030, with a CAGR of?10-12%, led by OTT, gaming, animation, and VFX3. This indicates a robust and dynamic future for the media business in India, offering numerous opportunities for growth and innovation.