Leisure

WHAT'S NEXT?: Online retailing will be one of the fastest growing channels between 2015 and 2019 as individuals do not have much time for leisure and seek convenience. Entertainment will continue to shift away from traditional broadcast media and print to reality augmented and deeply personalised content. The occupations with the largest new employment growth will be managers, professional and technical jobs, and caring and leisure occupations. Many middle-class professionals will be outsourced to machines within the next few decades leaving workers with more leisure time than they have ever experienced.

• [New] E-sports revenues are expected to surpass $1 billion this year, bolstered by the more than 380 million people who watch e-sports around the world.
• [New] While sports is predicted to be make up the majority of revenues, SVOD will also see growth, rising to 31.9% of revenues by 2024.
• [New] The global sports nutrition market is accounted for USD28 billion in 2016 and is expected to reach USD45 billion by 2022, growing at a ratio of around 50% between 2016 and 2022.
• [New] Based on estimates, the total revenue of China's entertainment market is expected to grow from RMB205.8 billion in 2016 to RMB752.7 billion by 2021.
• The global digital holography market is predicted to reach approximately $7.5 billion by the end of 2023.
• Tariffs will cost the technology industry nearly $7 billion in Q4 2019 alone - and tariffs will force consumers to pay more for their holiday gifts.
• The healthcare application of BCI technology is forecasted to be the largest market followed by the gaming and entertainment segment.
• Earlier this year, BT Sport used a machine learning model to predict the result of the English Premiere League, accurately naming Manchester City FC as the eventual winners.
• National esports is expected to reach 84 million U.S. viewers by 2021 with a value of $1.7 billion, passing every professional U.S. sport in viewership other than the NFL.
• The market for sports medicine will experience a compound annual growth rate of 8.9% between now and 2023.
• Following the celebration of 4G wireless, one of the biggest app development trends this year is the welcoming of 5G wireless which will hit the entertainment market, as well as improving the Mobile App Marketing also.
• For India, the 5G network will provide an opportunity to reach out to global markets which in turn will help to scale up the availability of services such as; medical support, education, entertainment, benefit transfers, and data services.
• With the rise in the number of sporting events across the world, the global sports tourism market is expected to grow over 36% during the period 2019-2023.
• Baby Boomers expect to take 4-5 leisure trips next year - about half will only travel in the U.S. and about half will travel both domestically and abroad.
• Total video entertainment consumer spend in France is expected to exceed €7 billion ($7.8 billion) this year, making it the third-largest video entertainment market in Europe.
• The global Sports Medicine Devices market is valued at US$6870 million in 2018 is expected to reach US$9540 million by the end of 2025, growing at a CAGR of 4.2% during 2019-2025.
• Revenue for the online sports betting market is predicted to reach $150 billion, making it likely that even more US states will follow suit with regulations of their own.
• Walmart expects its one-day shipping to be available to 75 percent of US consumers by the end of 2019.
• Digital advertising is growing at a rate that is twice that of all advertising, and of the overall entertainment and media sector: An 8.5 percent compound annual growth rate is projected through 2022.
• This year, mobile will surpass TV as the medium attracting the most entertainment minutes among U.S. viewers.
• 100 million Americans to take vacations in 2019: Almost 100 million Americans will take a family vacation in 2019.
• The market for sports medicine is expected to reach $ 9,655.6 million by the end of 2023, this market is projected to growing at a CAGR of 8.9% during 2017-2023.
• Across Central and Eastern Europe, media and entertainment market will have an average growth rate of about 5.7 percent and will reach a total revenue of about USD77 billion in 2023.

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Last updated: 16 October 2019