Media - Central & Western Europe

Central & Western Europe

In Central & Western Europe, revenue in the Media market is projected to reach US$229.80bn in 2024.
The largest market within this market is TV & Video, which has a market volume of US$94.90bn in 2024.
On a global scale, the highest revenue generation will occur the United States, amounting to US$541.20bn in 2024.
Furthermore, in the Media market, it is expected that 41.19% of total revenues will be generated through digital Media market by 2029.
In Germany, the media market is increasingly embracing digital transformation, with a growing emphasis on streaming services and innovative content delivery methods.

Key regions: United States, China, Japan, United Kingdom, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Media market in Central & Western Europe has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Central & Western Europe have shifted towards digital media consumption. With the increasing availability of high-speed internet and the proliferation of smartphones and tablets, consumers are now able to access media content anytime and anywhere. This has led to a rise in demand for streaming services, online news platforms, and social media. Additionally, there is a growing preference for personalized and interactive content, as well as an increasing interest in niche and independent media. Trends in the market reflect these changing customer preferences. Traditional media outlets, such as print newspapers and broadcast television, have been facing declining revenues as advertising budgets shift towards digital platforms. As a result, many media companies have been investing in digital transformation and expanding their online presence. Streaming services, such as Netflix and Amazon Prime Video, have gained significant market share, offering a wide range of content and original productions. Social media platforms, such as Facebook and Instagram, have also become important channels for media consumption and advertising. Local special circumstances in Central & Western Europe have also played a role in the development of the media market. The region is known for its diverse linguistic and cultural landscape, with each country having its own media preferences and consumption habits. This has created opportunities for local media companies to cater to specific audiences and develop niche content. Additionally, the European Union has implemented regulations to promote cultural diversity and protect local media industries, which has influenced the market dynamics in the region. Underlying macroeconomic factors have further supported the growth of the media market in Central & Western Europe. The region has experienced overall economic stability and steady GDP growth, which has increased consumer spending power. This has allowed consumers to invest in media subscriptions, digital devices, and internet services. Furthermore, the region has a highly educated population with high internet penetration rates, creating a favorable environment for digital media consumption. In conclusion, the Media market in Central & Western Europe is developing due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards digital media consumption, the rise of streaming services and social media, local media preferences, and economic stability have all contributed to the growth of the market. As these factors continue to evolve, the media landscape in Central & Western Europe is expected to undergo further transformations.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on media spending (on traditional media as well as digital media). All monetary figures refer to consumer spending on digital goods or subscriptions in the respective segment. This spending factors in discounts, margins, and taxes.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.