DIGITAL CINEMA MARKET LEADS OTHER AV SECTORS IN TERMS OF EXPANSION
Of the many areas that have been transformed by new technologies, Digital Cinema is the one that has experienced the most significant change and market growth. With the move away from film for distributing features, cinemas – both big chain screens and independents – have been installing server-based systems to receive files of the latest titles.
The Digital Cinema market has been going through this technological evolution for over ten years but, according to figures issued by IOTA (Industry Outlook and Trends Analysis), it leads other audio-visual (AV) sectors in terms of expansion. IOTA is the industry intelligence and analytical service provided by international AV trade body AVIXA (Audiovisual and Integrated Experience Association).
AVIXA represents more than 11,400 members, both companies and individual industry professionals, and provides a forum for information, standards and training, as well as market analysis. The its 2019 report on Digital Cinema, IOTA found that the sector was recording a Compound Annual Growth Rate (CAGR) of 5.2 percent, with a revenue of $4 billion.
The review of this sector also takes in digital signage for box office displays, concession menus, auditoria entrances and movie posters. Hardware prices were found to be falling, which can be seen as an important factor in the increasing take-up of Digital Cinema technology and technology.
Digital Cinema Summit (DCS) is a half-day conference produced by Integrated Systems Events in association with Digital Cinema Report. DCS explores how advances in digital cinema technology are transforming not just how movie theatres around the world operate but the kinds of content they can offer to their customers. It is being held on 12 February 2020 at the Hotel Okura during Integrated Systems Europe (ISE), the world’s largest exhibition for professional AV and systems integration (11-14 February 2020, RAI Amsterdam).
- Digital Cinema Summit (DCS) ISE 2020
- Wednesday 12 February 2020, 14:00-18:00
- Hotel Okura, Amsterdam
- Tickets are available here