The media industry is highly developing with the advancement of technology, digitalization, new market demands and emerging digital players. The COVID-19 pandemic has accelerated social developments across the industry of media and entertainment, the consumption gap has widened between digital and traditional media.
Changing Trends in the Media Industry
Digital media dominates the way data is processed and exchanged by the audience, and the main factors are taking shape that is expected to affect the field's future. Innovation is the current key standard when it comes to the media, and when we look at future media concepts, this trend will remain the same for a longer period. As new platforms emerge, customers make new demands, and the consistency and usability of technology increase, digital media continues to grow. The future of digital media will be influenced by the emergence of mobile video, Virtual Reality (VR), Augmented Reality (AR), and the increasingly refined use of data analytics.
Evolving Platforms
The Indian media landscape is continually changing with technological developments such as the launch of IoT, AI and OTT platforms thus opening up new career avenues for the students. The rise of digital media has paved the way for the communication field to enter markets that have never even been considered. In addition to the growing amount of traditional forms of content such as music, films and text, there has been a rapid rise in new types of both short and long form content. Following are some of the platforms evolving in the Media Industry:
1. OTT Platforms –
We have already noticed that several major films have shifted their release from the theatrical to OTT platforms. At the time, this was a given as something that was enforced because of the pandemic and the closing of theatres, but I think that if the deal offered is interesting enough the success of some of these films will see more and more producers choosing this path.
2. Social Media Platforms –
We are witnessing how social media now dominates the breaking news situation, making it today the dominant corporate news platform.
3. Television –
TV will continue to dominate, but maybe in certain main ways, its primacy will decrease as more and more individuals can use the internet's convenience and versatility combined with their mobile device's always-on and personalized contact.
Job Transformation in the Media Industry
It is difficult to make long-term projections about the future because of the constantly evolving business environment and constant diversification.
As the future of media is considered by students and current industry practitioners, it is clear that mobile video marketing will offer significant rewards, data research can provide key insights and make business more competitive, and the continued exploration of new technologies such as VR and AR will produce enormous returns. Discover how an online communication degree will prepare you for the exciting developments to come in the media world when you imagine your own future in the media. In the study of communication, and awareness of emerging and social media networks, data analytics, visual communication and content production are typical, with a growing need for digitally inclined professionals. Such patterns mark a change in how we consume media and how businesses engage with customers. The media industry provides exciting career opportunities that students can aim for, from the area of journalism to advertising and from public relations to corporate communications.
