PUBLISHER: Orion Market Research | PRODUCT CODE: 1877655
PUBLISHER: Orion Market Research | PRODUCT CODE: 1877655
Asia-Pacific Online entertainment Market Size, Share & Trends Analysis Report By Device (Laptops/ Desktops/Tablets, Smart TVs/Monitors/Projectors, Smartphones, Virtual Reality, and Others), and By Platform (Audio Streaming, Video Streaming, And Internet Radio), Forecast Period (2026-2035)
Industry Overview
Asia-Pacific online entertainment market was valued at $230.5 billion in 2025 and is projected to reach $859.2 billion by 2035, growing at a CAGR of 14.1% during the forecast period (2026-2035). Online entertainment refers to digital content & activities accessed through the internet, including video streaming, music platforms, online games and esports, podcasts, and e-books. The online entertainment market is booming in the Asia-Pacific, mainly due to rising internet penetration along with the availability of affordable data plans.
Market Dynamics
Growing Smartphone Adoption is Increasing Access to Digital Entertainment Platforms
The growing adoption of smartphones across the region is a key driver to propel the Asia-Pacific online entertainment market during the forecast period. The benefits associated with smartphones, such as affordable prices, easy accessibility to all platforms, such as online games, music, and more, will further boost smartphone adoption in the region. For instance, according to the 2023 Global System for Mobile Communications Association (GSMA) report, the Asia-Pacific region has 1.8 billion people subscribed to a mobile service. The GSMA demonstrated that the mobile subscribers from 1.8 billion in 2023 are expected to grow to 2.1 billion by 2030.
The Increasing Popularity of OTT Platforms is Shifting Viewers from Traditional TV to Online Streaming
The rising popularity of OTT platforms in the region is reshaping the online entertainment market during the forecast period. The OTT platforms are providing on-demand, ad-free, and personalized content to their customers that fits into their lifestyles. The market players are taking strategic initiatives, such as expansion, partnerships, and collaborations will further drive the market growth. For instance, in 2024, Cignal TV, owned by PLDT, planned to invest in OTT app aggregation platforms. Additionally, in November 2024, the government of Goa launched Waves, Waves is an OTT platform launched at the International Film Festival of India (IFFI). The platform will be available in 12+ Languages - Hindi, English, Bengali, Marathi, Kannada, Malayalam, Telugu, Tamil, Gujarati, Punjabi, and Assamese. It will be spread across 10+ Genres of Infotainment. It will provide Video on demand, free-to-play gaming, Radio streaming, Live TV streaming, 65 live Channels, several app-in-app integrations for video and gaming content, and online shopping through an Open Network for Digital Commerce (ONDC) supported e-commerce platform.
Market Segmentation
Smartphone Segment to Lead the Market with the Largest Share
The supportive government policies and initiatives, along with a rise in consumer spending, are propelling the growth of the Asia-Pacific online entertainment market during the forecast period. For instance, the Make in India initiative by the government of India is pushing the manufacturing and electronics sector to manufacture smartphones in India. For instance, according to the India Brand Equity Foundation (IBEF), India is rising as the second-largest smartphone manufacturer across the globe. Additionally, the Union Budget 2024-25 outlined significant steps by lowering basic customs duty on mobile phones, PCBs, and chargers from 20% to 15%, while also exempting critical minerals and inputs required for smartphone manufacturing.
Video Streaming: A Key Segment in Market Growth
Among the platforms, video streaming is expected to be a key segment to drive the Asia-Pacific online entertainment market during the forecast period. The rise in demand for OTT platforms, short-video apps, and on-demand content is driving massive consumer engagement in the region. Further, the growing adoption of interactive live streaming and shoppable video solutions will accelerate the online entertainment market in the region. For instance, in December 2024, BeLive Technology announced its collaboration with DigiLive to connect both the retail and content worlds, to help increase sales and engagement for some of the biggest brands across the globe. BeLive Technology is a well-known provider of interactive live streaming solutions in Southeast Asia.
The Asia-Pacific online entertainment market is further divided by countries, including India, China, Japan, South Korea, ASEAN economies, Australia and New Zealand, and the Rest of Asia-Pacific.
China Dominates the Market with a Major Share
China is expected to dominate the Asia-Pacific online entertainment market during the forecast period, owing to the rising adoption of smartphones and internet penetration, the presence of domestic OTT and gaming platforms, and increasing consumer spending on digital content. Additionally, the rising smartphone shipments along with their adoption will further boost the market during the forecast period. For instance, the stats revealed by The China Internet Information Center showed that the country's mobile phone shipments surged 22.1% year on year in 2024. Moreover, in 2024, total cellphone shipments grew by 8.7% year on year to 314 million units, of which 272 million units were 5G mobile phones.
The major companies operating in the Asia-Pacific online entertainment market include Alibaba Group, ByteDance, Sony Interactive Entertainment, Nintendo, Netflix, Amazon, Activision Blizzard, and others. The companies are pursuing partnerships, collaborations, mergers, and acquisitions to drive innovation, expand product portfolios, enhance sustainability, and strengthen market presence. These strategies enable players to respond to growing demand for energy-efficient, high-performance insulation solutions across residential, commercial, and industrial applications while maintaining a competitive edge.
Recent Developments