In the Digital Entertainment Industry, you can find a wide variety of technologies. These innovations range from video games to AR and AI. These advancements are changing the way people live and work. Here are some of the latest trends. Video games have become incredibly popular, as users can access them at any time of the day. Music is another industry that has grown rapidly with technological advancements. Artists can use these tools to reach a global audience and improve their compositions.
Video game revenue
The video game industry makes a lot of money. Mostly, video games are sold as in-app purchases, with only a small portion of those sales going towards actual hardware. But there are other forms of video game revenue. These include gaming video content, Esports, mobile devices, and accessories. Even peripherals like chips used in gaming devices can generate revenue. So, how big is the video game industry?
VR
Virtual reality has been around for over a decade now, but only recently has it been used to transform cinematic experiences. Companies such as IMAX have jumped on the bandwagon, adopting VR and opening IMAX VR centers across the world. VR is also being taken seriously as an artistic endeavor, with film festivals incorporating VR into their proceedings. With so many companies now exploring the possibilities of VR, the digital entertainment industry is poised to take advantage of it.
AR
Augmented reality, or AR, is a technology that combines real-world content with digital data. It is one of the most exciting trends in today’s digital entertainment industry, and it is helping to increase brand recognition, increase ticket sales, and enhance the quality of entertainment experiences. The market for AR in the digital entertainment industry is expected to grow rapidly over the next several years, and projections suggest that it could reach $4.5 billion in 2030. The most popular form of AR is the face filters.
AI
The digital entertainment industry is a growing market for AI, with the total spending on the technology exceeding $329 million annually by 2021. As more content creation tools, such as high-resolution cameras and information creation software, become commonplace, more people are using AI to create content. Other uses for AI in this industry include gaming, plagiarism detection, personalization, and production planning. In short, AI is being used to create better movies and television shows for viewers.
Also Read: Three Types of Exhibition Entertainment
Streaming services
Streaming services in the digital entertainment industry have a lot to offer consumers. The vast array of content, greater customization, and lower prices are all great reasons to subscribe to one. Unfortunately, cyber-criminals have been targeting OTT services in order to steal credit card information. Although the streaming industry is tackling this issue, it is unlikely to be totally secure. For now, it is better to be safe than sorry.
Smart TVs
There are many advantages to owning a smart TV, but it’s not the only thing that makes them popular. These devices are incredibly easy to set up and use, with only the need for an internet connection. Users can also cast their laptop’s screen to their new television for the best viewing experience. Smart TVs are easy to set up, and many allow you to share content from your phone with your TV.
Music industry
The evolution of the music industry over the past decade has significantly reduced barriers to entry. Streaming, personalization and ease of use have led to record industry revenues increasing at a 42% CAGR. Over the past decade, consumer spending on music-related hardware and software has increased, providing a new revenue stream for technology companies. The changes are reshaping the music industry and bringing consumers the widest variety of music available in any form.
