NEW YORK , Oct. 31, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global AI market in media and entertainment industry size is estimated to grow by USD 30.72 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 26.4% during the forecast period. Usage of multimodal AI in media and entertainment industry is driving market growth, with a trend towards utilization of blockchain .
However, reliance on external sources of data to train ai models poses a challenge.Key market players include Agile Sports Technologies Inc., Amazon Web Services Inc.
, Autodesk Inc., AutomaticTV, EVS Broadcast Equipment S.A.
, Gravity Media, GrayMeta, Inc, International Business Machines Corp., LMG LLC, Move Ai Ltd, Pixellot, PlaySight Interactive Ltd., Production Resource Group LLC, Spiideo, Sportway AB, Synthesia Ltd.
, TAIT, valossa labs Oy, and Veritone Inc. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Key Market Trends Fueling Growth The integration of blockchain technology in the global AI market of media and entertainment industry is experiencing substantial growth.
Driven by the necessity for heightened security and content authenticity, this sector is leveraging blockchain's decentralized and immutable features. Notably, SHIB , an Ethereum -based digital asset family, collaborated in April 2024 to address co.