GITNUX MARKETDATA REPORT 2024

Must-Know Media Industry Statistics [Latest Report]

Statistic 1

"The global media industry was valued at $1.4 trillion in 2020."

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Statistic 2

"North America dominates the entertainment and media market, valued at approximately $720 billion as of 2020."

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Statistic 3

"TV advertising revenue in the United States is forecasted at $71.3 billion by 2024."

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Statistic 4

"Digital media ad spending is expected to reach $178 billion in the U.S. by 2023."

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Statistic 5

"More than 50% of all media consumption in the U.S. is digital."

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Statistic 6

"The global streaming market is expected to be worth $184.3 billion by 2027."

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Statistic 7

"The newspaper publishing industry lost 50% of its employees between 2001 and 2016."

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Statistic 8

"The global gaming market was worth $159.3 billion in 2020."

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Statistic 9

"Television still holds the largest share of the media market, accounting for 34% of time spent with media worldwide."

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Statistic 10

"More than 2.7 billion people worldwide are using social media."

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Statistic 11

"Books account for 13% of total media revenue in the U.S."

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Statistic 12

"Digital ad spending eclipsed traditional ad spending in the U.S. in 2019."

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Statistic 13

"Netflix boasted approximately 204 million paid subscribers globally in 2020."

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Statistic 14

"It is projected that by 2022, 82% of all internet traffic will be video."

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Statistic 15

"The music industry generated $20.2 billion from digital revenues in 2020, accounting for 62.1% of all revenue."

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