Key findings from the report include:
The Asia Pacific video industry registered a 5.5% growth in 2023, with total revenues hitting US$145 billion. This growth was propelled by a 13% surge in online video sector sales, amounting to US$57 billion, although traditional TV revenue saw a marginal increase.
China continues to dominate as the region's largest video market, amassing US$64 billion in revenue in 2023. Excluding China, Japan, India, Korea, and Australia emerged as the significant markets, each generating billions in revenue.
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