UK consumer spend on video entertainment to surpass £11 billion in 2023
The UK video entertainment market continues to put in an energetic performance, despite cost-of-living pressures stemming from high energy bills and rising food costs. A newly released report from Futuresource Consulting shows that the industry bounced back from its COVID-induced slump in 2021 and continued climbing, ending 2022 with an additional 10% growth.
Education, Pro AV and Gaming: Reassessing the esports landscape after COVID-19
Esports has come a long way from its reputation as being a niche hobby for teenagers. In recent years, esports has rocketed into a multi-billion-dollar opportunity, spanning multiple industries and garnering audiences on a global scale. From 2019 to 2020, revenues grew by 5%, and the following year, they jumped by another 17%.
HARMAN, Qualcomm and more announced as sponsors for Audio Collaborative 2023
Futuresource Consulting announces global audio leader HARMAN as the platinum sponsor for Audio Collaborative 2023. The event will return to the Ham Yard Hotel, London, on the 9th of November 2023 to explore issues and opportunities across the audio landscape.
Are there still opportunities in the content creation market?
It’s no secret that the content creation universe expanded during the COVID-19 pandemic. An influx of new users entered the space, and pre-existing content creators became further embedded in the market. The home studio market grew by over 70% in 2020, with sustained YoY growth stretching into 2021.
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