South Africa Movie And Entertainment Market Size & Outlook
South Africa movie and entertainment market, 2018-2030 (US$M)
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South Africa movie and entertainment market highlights
- The South Africa movie and entertainment market generated a revenue of USD 227.3 million in 2023 and is expected to reach USD 429.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, movies (box office) was the largest revenue generating product in 2023.
- Music & Videos is the most lucrative product segment registering the fastest growth during the forecast period.
Movie and entertainment market data book summary
| Market revenue in 2023 | USD 227.3 million |
| Market revenue in 2030 | USD 429.2 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Movies (box office) |
| Fastest growing segment | Music & Videos |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Movies (Box Office), Music & Videos |
| Key market players worldwide | Paramount Global Class A, Sony Group Corp ADR, The Walt Disney Co, Warner Bros. Discovery Inc Ordinary Shares - Class A, Comcast Corp Class A, Netflix Inc, Vivendi SE, Amazon.com Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global movie and entertainment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE movie and entertainment market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 429.2 million by 2030.
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Movie And Entertainment Market Scope
Movie And Entertainment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa movie and entertainment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to movie and entertainment market will help companies and investors design strategic landscapes.
Movies (box office) was the largest segment with a revenue share of 70.88% in 2023. Horizon Databook has segmented the South Africa movie and entertainment market based on movies (box office), music & videos covering the revenue growth of each sub-segment from 2018 to 2030.
The growing middle-class population in South Africa has increased disposable income levels, leading to higher spending on entertainment and leisure activities, including movies, music, and videos. The launch of YouTube Premium in South Africa in 2019, with a primary focus on YouTube Music Premium, is likely to drive growth in the music and video market in the country.
The paid subscriptions for YouTube Music Premium and YouTube Premium offer an ad-free experience to users, which can enhance user satisfaction and encourage more users to subscribe to access uninterrupted music and video content on the platform.
Google South Africa stated that Smart Search is accessible in various indigenous South African languages such as isiZulu and isiXhosa. In addition, Google Play Music subscribers will be granted automatic access to YouTube Music Premium at their existing subscription price, allowing continued access to purchased music, uploads, and playlists as before.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa movie and entertainment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa movie and entertainment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa movie and entertainment market size, by product, 2018-2030 (US$M)
South Africa Movie And Entertainment Market Outlook Share, 2023 & 2030 (US$M)
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