A new report predicts the theatre management systems market to grow at a CAGR of 9.75 percent during the period 2016-2020.The rapidly growing film entertainment industry is the primary growth driver for this market. The increase in the number of box offices releases every week has further expedited the growth of cinema halls globally, which has consequently increased the adoption of theatre management systems and has thereby supplemented the market revenue.
The rising trend of migration from single screen to multiplexes is expected to boost the theatre management systems market growth during the forecast period. The increased number of moviegoers has motivated the theatre owners to transform their single-screen cinema halls to multiplex theatres. For instance, during 2012, the number of multiplexes in India was 900, which has increased to nearly 2000 during 2015. This, in turn, has accelerated the growth of the global theatre management systems market.
The global theatre management systems market analysts says major TMS brands are shifting their focus from developed to emerging markets because developed markets are either reaching or have reached saturation.
According to the theatre management systems market report, the filmed entertainment market has grown significantly over the past few years due to the growing popularity of regional and foreign movies. The US and the UK are the major revenue contributors to the global filmed entertainment market. The growing popularity of movies and an increase in footfall have forced cinema hall owners in the country to increase the number of screens, thereby fueling the demand for efficient management systems.
During 2015, the Americas contributed the highest revenue share of around 41 percent in the global market. The popularity of Hollywood movies, which has led to the highest number of digital screens in this region, has been aiding the market growth. However, this research report expects this region to witness a decline in its market share during the forecast period due to market saturation.
The global theatre management systems market is highly competitive due to the presence of numerous suppliers. Intense competition, rapid advances in technology, and frequent changes in consumer preferences are significant risk factors for providers. Vendors are competing on the basis of product differentiation, portfolio, and pricing. The competition is expected to intensify further during the forecast period as a result of the increase in product extensions and the entry of numerous new players.
The leading vendors in theatre management systems market are: Dolby, Arts Alliance Media, GDC Technology, Sony Digital Cinema, Unique Digital, and Ymagis.
The other prominent vendors in the market include Arts Management Systems, Barco, Christie Digital Systems, Cinema Equipment and Supplies, IMAX, Kinoton Digital Solutions.
Further, the theatre management systems market report states that the increasing penetration of the Internet in most developed and developing economies has paved the way for online screening of movies.
The complete report on theatre management systems market spread across 35 pages, analyzing five major companies and providing 13 data exhibits is now available at http://www.reportsnreports.com/reports/461325-global-theatre-management-systems-market-2016-2020.html