Top 10 Media and Entertainment Solution Companies - 2020
2020 looks like a promising year for the media and entertainment industry as new technologies and trends continue to drive innovation and unravel new opportunities. Technology is a crucial element of the industry, and the rapidly growing digital transformation trends have further increased its relevance. Today, the industry is witnessing an increase in video advertisements, demand for digital experience, and a rise in mobile data usage due to high demand, among others. Interestingly, these trends are expected to continue this year.
However, it is also expected that companies in the media and entertainment industry will focus more on operationalizing current technology better and prepare their organizations to handle the next wave of technology, such as 5G, Mobile AR/VR, and conversational AI while being more profitable and connected with their consumers. Going by recent trends, virtual reality (VR), over-the-top (OTT) video, and internet advertising are among the fastest-growing revenue generators for media and entertainment companies. It is expected that convergence will also emerge as a big trend in the coming years. Streaming services, TV companies, and social networks are already competing with each other and creating content to engage the audiences more than ever. Additionally, as the demand for mobile data progresses, the industry will rapidly make a turn towards AI and machine learning to enrich their content and improve user engagement.
Giants like Google, Amazon, and Netflix are already leveraging the power of AI to attract the audience, and thereby, ruling the media and entertainment space with their data-driven business models. The use of AI and advanced data science enables them to produce relevant content and create value for customers.
In the wake of these emerging technologies that are shaping up the media and entertainment space, CIOReview has compiled a list of top media and entertainment solution providers. These firms are continuously proving their mettle in the media and entertainment landscape with cutting-edge and unique capabilities. We hope this issue of the CIOReview helps you build the partnership you and your firm need to foster technologically-driven solutions.
We present to you CIOReview’s “10 Most Promising Media and Entertainment Solution Providers - 2020”