PUBLISHER: The Business Research Company | PRODUCT CODE: 1566733
PUBLISHER: The Business Research Company | PRODUCT CODE: 1566733
A multi-channel network (MCN) is an organization that collaborates with multiple YouTube channels to provide support in areas such as content creation, audience growth, monetization, and channel management. MCNs offer creators resources, tools, and opportunities to enhance their revenue and reach. They also handle advertising, brand partnerships, and may provide technical support and analytics.
The primary services offered by multi-channel networks include monetization support, production and editing tools, cross-promotion, digital rights management, and funding, among others. Monetization support involves helping individuals or businesses generate revenue from their content through strategies related to pricing, marketing, and sales. These services are promoted through various marketing channels such as search engine optimization (SEO), email, and company websites, and are distributed through methods such as selling through intermediaries, dual distribution, and reverse channels. Applications of MCNs extend across sectors such as banking, financial services, telecommunications, media and entertainment, TV broadcasting, and information technology.
The multi-channel network market research report is one of a series of new reports from The Business Research Company that provides multi-channel network market statistics, including the multi-channel network industry's global market size, regional shares, competitors with a multi-channel network market share, detailed multi-channel network market segments, market trends and opportunities, and any further data you may need to thrive in the multi-channel network industry. This multi-channel network market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The multi-channel network market size has grown rapidly in recent years. It will grow from $4.03 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%.The growth during the historic period can be attributed to several factors, the increase in digital media consumption, the rise of influencer marketing, more monetization opportunities, the expansion of internet access, a shift from traditional media to on-demand digital content, and regulatory changes, such as the implementation of the EU's GDPR.
The multi-channel network market size is expected to see rapid growth in the next few years. It will grow to $7.29 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The anticipated growth during the forecast period can be attributed to several factors, the ongoing expansion of digital platforms, the rise of emerging technologies such as artificial intelligence, increased internet access in developing regions, evolving regulations on digital content, including data privacy laws and content moderation policies, and a growing focus on sustainability and social responsibility. Key trends for this period include advancements in artificial intelligence and machine learning, the development of virtual reality (VR) and augmented reality (AR), the adoption of blockchain technology, the rollout of 5G and improved connectivity, the rise of interactive and shoppable videos, and the use of advanced data analytics.
The growth of the multi-channel network market is expected to accelerate due to the increased consumption of content across various digital platforms. Digital platforms, such as social media, e-commerce sites, and streaming services, enable interactions, transactions, and content sharing between users and providers. This rise in content consumption is driven by greater internet access, improved digital infrastructure, and a growing demand for on-demand and personalized content. Multi-channel networks (MCNs) help digital platforms aggregate, promote, and monetize content across multiple channels, enhancing reach and engagement through simultaneous use of various distribution and marketing channels. For example, Netflix Inc. reported in June 2022 that it had reached 260 million paying subscribers by the end of 2023, an increase of 30 million from 2022. This increase in content consumption is likely to boost the multi-channel network market.
Companies in the multi-channel network market are focusing on advanced solutions, such as integrating artificial intelligence (AI) to improve content recommendation algorithms, audience targeting, and content management processes. AI integration in multi-channel networks involves using AI technologies to optimize these processes. For instance, in February 2024, Prosimo Inc., a US-based provider of cloud and multi-cloud networking solutions, launched an AI suite for multi-cloud networking. This comprehensive, cloud-native platform offers everything needed for AI readiness, including high bandwidth, ultra-low latency, multi-cloud connectivity, and built-in compliance and data protection features for large language models (LLMs). This enables businesses to leverage cloud-native connectivity for AI applications.
In October 2021, StreamElements Inc., an Israel-based live streaming service provider, acquired Paragon, a UK-based provider of multi-channel communications solutions, for an undisclosed amount. This acquisition enhances StreamElements' capabilities in live streaming analytics and community engagement, strengthening its service offerings for content creators.
Major companies operating in the multi-channel network market are Warner Bros. Entertainment Inc., Universal Music Group N.V., RTL Group S.A., Banijay Entertainment S.A., DreamWorks Animation, The Orchard Enterprises Inc., BBTV, ZEFR Inc., Awesomeness, Fullscreen Inc., ZINFI Technologies Inc., Maker Studios Inc., Vevo LLC, Brave Bison Group plc, Divimove GmbH, Qyuki Digital Media Private Limited, Culture Machine Media Pvt. Ltd, Mediakraft Networks GmbH, Disney Digital Network, Yogscast Limited
North America was the largest region in the multi-channel network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-channel network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multi-channel network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The multi-channel network market includes revenues earned by entities by providing services such as channel management, technical support, and rights management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Multi-Channel Network Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on multi-channel network market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for multi-channel network ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The multi-channel network market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.