Understanding the Role of Technology in the Entertainment Industry

The entertainment industry has been enjoying impressive levels of growth in the last few years. This sector is expected to reach a total global market value of over $2.5 trillion in 2024 and will be worth close to $2.8 trillion in 2027. This sustained growth has been achieved due to several factors. Firstly, home-based entertainment services (such as film and music streaming) enjoyed significant growth during the COVID-19 pandemic. With millions of people forced to stay indoors during lockdowns and periods of restricted movement, citizens needed to entertain themselves in their homes.

Even as the worst effects of the pandemic seem to have passed, home-based entertainment remains incredibly popular, thanks to the on-demand nature of the services that are offered to consumers. However, the continued improvements in technology are also a key reason for the ongoing success of the entertainment industry. This article will explore the role of technology in the entertainment industry.

Closing the gap between virtual and real-world experiences

One key factor in the entertainment industry's growth is that virtual experiences are becoming less distinguishable from their real-world counterparts. A prime example of this can be seen in the online casino sector. At sites such as https://www.kingjohnnie.live/en/ you can find a wide range of slot machines and card tables that look incredibly realistic and are virtually indistinguishable from those found in a brick-and-mortar establishment. In addition, such sites use the latest technology to support live dealer games.

As the name suggests, these games use a human dealer to run a range of card games or control the betting at games such as roulette. Live dealers are supported by video and text chat functions, which allow players to converse with each other and the dealer. Overall, this moves the world of online, virtual casinos closer to physical establishments, creating a more authentic gaming experience.

Improved bandwidth to support streaming services

The popularity of streaming services has grown almost exponentially in the past decade. Today, there is a wide range of streaming services that focus on providing a comprehensive selection of films and TV series. In addition, dedicated music streaming services such as Amazon Music allow subscribers to listen to millions of tracks from diverse artists and genres for a small monthly fee. Both film and music streaming rely on fast and reliable internet connections to ensure that the media can be streamed in real-time and without experiencing lag or buffering, which can reduce the overall enjoyment of such services.

As internet speeds have improved, the increased bandwidth has allowed a greater amount of data to be downloaded. Today, the rollout of fiber optic internet services ensures that even 4K films can be streamed in real-time without the consumer experiencing any service delays.

The rise of VR technology

As a brief final point, it is worth noting that virtual reality technology is starting to make an impact on the entertainment industry. This technology is still only in the first major stages of development but is already sophisticated enough to allow VR gaming to take place.

At present, VR headsets are not as powerful as a dedicated gaming PC or next-generation console, which can impact on the size of the games that can be produced and their graphical capabilities. However, some VR headsets can be linked to PCs, and benefit from their additional processing power. VR technology is expected to continue to improve, and many forms of home entertainment will rely on it in the coming years.