As technology advances, the entertainment industry is undergoing a remarkable transformation. From captivating movies and groundbreaking television shows to immersive gaming experiences and mind-blowing virtual reality adventures, there has never been a better time to be a fan of all things entertainment.
Become an insider. Subscribe to our newsletter for more top trending stories like this!
In this blog post, we’ll explore 10 entertainment trends in 2023 to watch.
1. Artificial intelligence
The impact of Artificial intelligence (AI) has been significant in recent times. Many entertainment brands now use AI technologies to enhance operations, improve audience experience, and create more personalized content. One area that AI is having a great impact is content creation.
With AI, brands can analyze large data to create content tailored to specific audiences. For instance, platforms like Youtube and Netflix use machine learning algorithms to analyze viewing data and recommend content to users.
People Also Read: Why Technology is Important In Our Daily Life
2. eSports Growth
This is among the newest trends in televisions. During covid-19 pandemic, sports fans could not go to stadiums to watch their favorite teams. That was when eSport became a hit.
The term “eSports” refers to international or regional video gaming events where amateur and professional players compete against each other. The global eSports market is projected to grow from $1.72 billion in 2023 to $6.75 billion by 2030, exhibiting a CAGR of 21.5% during the forecast period.
3. Mental Health Applications
Mental health is as essential as physical health. That’s why mental health apps will be a critical trend in 2023. Just like some rap music addresses mental health, many apps help overcome anger, anxiety, depression, and many more.
According to a report, the global mental health apps market size accounted for USD 5.19 billion in 2022 and is expected to reach around USD 26.36 billion by 2032.
Source: Precedence Research
Accessing mental health applications and integrating them into your everyday life is easy. Some widely used mental health apps include eMoods and notOK.
People also read: 7 Amazing Podcasts on Black Health Matters
4. Music Streaming Services
Music streaming services are another entertainment trend that you should keep an eye on in 2023. Currently, a wide range of live music streaming apps and services that give you access to the latest music are available. With these apps, you never get to listen to one track of a song twice unless you want to.
Today’s Popular music streaming apps include YouTube, Apple, Amazon, and Spotify. Revenue in the Music Streaming market is projected to reach USD 25.71 billion by the end of 2023.
Streaming tracks online or downloading to a preferred device is a trend. However, keep in mind that most of these services require paying a fixed subscription fee per month.
Join our Spotcovery Global Black Community Facebook Group for early access to exclusive content and to share in a lively discussion.
5. Online Dating Services
The online dating industry has greatly benefited from the multitude of technological innovations available today and the shift in consumer attitudes. The global online dating market was valued at USD 9.65 billion in 2022 and could reach USD 2.98 billion by the end of 2023.
Market players have started catering to the increasing inclination toward online platforms and comfort by integrating many functionalities. This is through GPS, which allows users to find possible partners in their area easily. A few popular online dating apps include Tinder, eHarmony, Hinge, OKCupid, and Bumble.
Become an insider. Subscribe to our newsletter for more top trending stories like this!
6. Metaverse
The CoronaVirus pandemic and movement restrictions accelerated the adoption of metaverse technologies. This technology allows companies and organizations to create shared environments.
With metaverse technologies, users can interact using avatars irrespective of their location in the world. In fact, applying metaverse technology goes beyond entertainment. It boosts office productivity using gamification via collaborative virtual environments and avatars.
The global metaverse market is projected to grow steadily over the anticipated frame, recording a compound annual growth rate (CAGR) of 47.2% from 2022 to 2027.
Read also: The Metaverse And Digital Marketing: How Will It Affect The Future Of Digital Marketing?
7. Social Entertainment Apps
App entertainment iPad mockup. Image Source: Pexels licensed under CC BY 2.0
The global app market is growing rapidly with gaming, videos, and social networking applications. Social entertainment apps are impacting how people discover and consume content online.
With these apps, brands can target users based on interest, age, income size, and demography. Social apps are certainly one entertainment trend you should pay attention to in 2023 as a business owner if you want to reach your target audience.
8. Streaming Video-on-Demand (SVOD)
The shift to working remotely during the Covid-19 pandemic marked an increase in the use of video streaming services. Furthermore, streaming services offer plenty of advantages over traditional cable television. Some benefits include lower costs, personalized content, and accessibility from any location and device.
But, a few drawbacks are affecting the growth of streaming video-on-demand. These include inconsistent video quality and poor bandwidth. However, businesses are now creating hardware and software infrastructure to offer users seamless viewing experiences. There are many top SVOD services for black audiences, including Netflix and Amazon Prime Video.
People also Read: Innovative Ways to Use Technology in Education
9. In-Person Event Safety Technologies
Technology has improved at a fantastic rate in the event industry in the past few years. Owing to this, brands now invest so much in tech that improves user experiences and makes events better. Many technology solutions like SportEvac, Security Cameras, and Konduko can help do the following:
- Crowd monitoring
- Temperature assessment
- Contactless admissions
- Make security information available to all attendees
10. Blockchain
When we mention blockchain, the first thing that probably comes to your mind is cryptocurrency. But in reality, blockchain goes beyond cryptocurrency. It can simplify intricacies associated with intellectual property rights.
Blockchain technology can save and process a big portion of digital data. That’s exactly how it helps with defining the Non-Fungible Tokens (NFT) digital content author. Plus, NFT digital content’s sudden rise cannot be ignored.
These are the 10 entertainment trends in 2023 to watch. It’s important to remember that the entertainment industry is quickly shifting from our living rooms to our pockets. And the companies or individuals that embrace this shift are setting themselves up to become media mainstays.
People also read: 9 Highest-Paid Black Entertainers in the World
Become an insider. Subscribe to our newsletter for more top trending stories like this!
Nearly 80% of consumers visit directories with reviews to find a local business. List your business for free in our exclusive Spotcovery Black-Owned Business Directory.
Spotcovery offers unique and fresh daily content on Black culture, lifestyle, and experiences. We talk about everything black, black people, black-owned and black-owned businesses. We also deliver authentic and relevant content that will inform, inspire and empower you! The future of black media is a critical piece of the black experience of today! Our primary audience includes African American, African, Afro-Caribbean and people of African heritage. Black culture is for the culture!
