India Media and Entertainment Market Size Set to Reach USD 53.2 Billion by 2031

Published | 08 September 2025

India Media and Entertainment Market is booming primarily due to rapid adoption of digital services and solutions, deepening penetration of smartphones, cheap mobile data, and OTT platforms, a surging demand for regional contents, and FDI support.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Media and Entertainment Market size by value at USD 29.89 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects India Media and Entertainment Market size to boom at a robust CAGR of 8.58%, reaching a value of USD 53.19 billion by 2031. The growth of India Media and Entertainment Market is propelled by rapid digital transformation, widespread smartphone usage, and affordable internet access. The surge in regional content consumption and vernacular platforms reflects a diverse audience base. OTT platforms are booming, driven by changing viewing habits and flexible subscription models. Rising disposable incomes and a young, tech-savvy population fuel demand across gaming, music, and streaming services. Government initiatives and increased FDI have opened new investment avenues. Advertising revenues are climbing, especially in digital formats. Additionally, innovations in AI, AR/VR, and immersive storytelling are reshaping content creation and distribution, making India a global media powerhouse.

Opportunity – Growth in Subscription-based and On-Demand Models

India Media and Entertainment Market is witnessing robust growth in subscription-based and on-demand models, driven by digital transformation and evolving consumer preferences. OTT platforms like SonyLIV and JioHotstar are gaining traction with ad-free experiences and exclusive content. Affordable data, mobile-first consumption, and personalized recommendations are enhancing user engagement. Subscription services offer predictable revenue streams and foster customer loyalty through tailored offerings. From streaming to e-commerce and fintech, businesses are leveraging subscriptions to deepen relationships and boost retention. This shift reflects a broader trend toward convenience, personalization, and sustained value, positioning India as a dynamic subscription-driven media market.

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Broadcast TV Segment Holds Largest Market Share 

Broadcast TV remains the largest segment in India Media and Entertainment Market, dominating in both reach and viewer engagement. As of recent estimates, it reaches over 210 million households and engages nearly 900 million individuals nationwide. Despite the rise of digital platforms, television continues to be the most consumed medium, especially in rural areas where penetration is steadily increasing. Its appeal lies in affordability, family-oriented content, and high accessibility. With continued growth in Pay TV and Free-to-Air services, Broadcast TV maintains its stronghold as the primary entertainment source across India.

Impact of Escalating Geopolitical Tensions on India Media and Entertainment Market 

Escalating geopolitical tensions, particularly between India and neighboring countries, have disrupted the growth of India Media and Entertainment market. Film producers are postponing releases and delaying promotions due to uncertainty and low consumer confidence. Theatrical attendance has declined, prompting some studios to shift to direct-to-streaming models. Financial losses from deferred revenues and sunk costs are estimated at INR 150–200 crore. Advertising budgets are tightening, and investor sentiment remains cautious. This ripple effect impacts not just filmmakers but also distributors, marketers, and streaming platforms, creating volatility across the entertainment value chain.

Competitive Landscape

India Media and Entertainment Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Walt Disney India, Sony Pictures Networks India, Zee Entertainment Enterprises Ltd, Viacom18 Media Pvt Ltd, PVR Cinemas, Times Group, Amazon Prime Video India, Netflix India, News Corporation India, Discovery Communications India, and Sun TV Network. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in India Media and Entertainment Market.

Don’t miss the business opportunity in India Media and Entertainment Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and India Media and Entertainment Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Media and Entertainment Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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