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Global Consumer Media & Tech Spend Grew 4% to $2.4T in ’24, as Growth Slowed for 3rd Straight Year on Digital Media Penetration Reaching Saturation in Top 10 Markets

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Global consumer spending on overall media content and technology grew at a 4.4% rate in 2024 to $2.371 trillion, the third consecutive year of decelerating growth after a 4.5% increase in 2023, which followed the strongest growth in consumer media spend in a decade the prior year, according to new research by PQ Media, the leading provider of media econometrics.

STAMFORD, Conn., May 8, 2025 /PRNewswire-PRWeb/ — Global consumer spending on overall media content and technology grew at a 4.4% rate in 2024 to $2.371 trillion, the third consecutive year of decelerating growth after a 4.5% increase in 2023, which followed the strongest growth in consumer media spend in a decade the prior year, according to new research by PQ Media , the leading provider of media econometrics.

“Consumer spending on media is expected to show decelerated growth in the 2025-2029 period, as numerous media and related tech become obsolete, like dial-up internet; feature cell phones; music CDs & CD players; single music downloads & MP3 players, among others.”

Growth slowed by more than expected in 2024, as certain categories underperformed, particularly movie admissions, which rose at mid-single-digit rates in most markets when a double-digit gain had been projected. Despite several blockbusters, fewer movies overall were produced last year, including by the major streaming services, as even the movie hits underperformed expectations. Growth might have been even worse if not for select media platforms that outpaced expectations, most notably consumer books, with a cadre of unexpected adult trade books that became bestsellers, and a spike in Western European spending across multiple media categories, helped by the Summer Olympics in Paris, France, according to the Global Consumer Spending on Media Forecast 2025-2029.

Global consumer spending on overall media content grew 8.1% in 2024 to $1.075 trillion, while total media-related technology spending rose only 1.4% to $1.296 trillion. Consumer spend on digital media content and tech worldwide increased 5.7% in 2024 to $1.783 trillion, while end-user spend on traditional media content and tech inched up 0.6% to $588.56 billion.

The United States remained the largest consumer media and related tech market in the world with total expenditures of $544.18 billion in 2024, while South Africa was the fastest growing of the Top 20 markets, rising 7.2%. Global consumers spent an average of $395.43 on all media content and related tech in 2024, a 3.9% gain over 2023, of which $297.29 was spent on digital media and $98.14 on traditional media, according to the Global Consumer Spending on Media Forecast 2025-2029.

PQ Media’s research, however, indicates that consumer expenditures on media are expected to decelerate during the 2025-2029 period, as numerous media categories become obsolete, such as dial-up internet; feature mobile phones; music CDs and CD players; single music downloads and MP3 players; and video DVDs, DVD players and home video subscriptions. Many digital tech categories will post declining growth rates during the forecast period, including tablets, smartphones, laptops, PCs and home networks & storage. Fourteen of the 16 traditional media categories will post declines as well, with the two exceptions being public radio and public TV license fees. Furthermore, other media categories that once boasted annual double-digit gains will exhibit only single-digit growth rates by the end of the forecast period, such as digital games, apps & microtransactions; e-books & m-books; video-on-demand; wireless data subscriptions; digital audio receivers; entertainment & workflow software; and security software & services.

Similar to growth spike in Western European in 2024 due to the Summer Olympics in Paris, France, the Americas region will post growth spurts during the even years of the forecast. In 2026, the United States, Canada and Mexico will co-host the FIFA World Cup, while in 2028, the United States will host the Summer Olympics. Italy and its neighboring countries will see a minor increase in 2026 when the Winter Olympics are held near Milan.

However, PQ Media is forecasting another deceleration in 2025, as a global recession is possible due to the controversial tariff policies in the United States under President Trump, and the counter tariffs being placed on U.S. exports. As this report went to press, more than half of the economists surveyed for well-respected panels, such as the Wolters Kluwer Blue Chip Economic Indicators, were predicting a global recession, and the International Monetary Fund issued an “alarm” regarding the impact of the tariffs a weakening global economy.

“Consumer confidence has declined in a number of top 20 global markets to the lowest level since the pandemic, resulting in consumers trimming discretionary spending in 2025 and, potentially, beyond depending upon unforeseen world events, economic gyrations and the eventual impact of President Trump’s policies – tariffs in particular – during the next couple years.,” said PQ Media CEO Patrick Quinn. “While consumer spending on media will accelerate in even years, the growth rates will be significantly lower than in previous years when international sporting events and major elections were held. The tariffs are impacting both developed and emerging markets, particularly relating to electronically delivered content and the devices that are used to upload that content.”

Many media categories will be transformed during the forecast period. For example, sales of the Nintendo Switch2 will be monitored closely after it is released during the second half of 2025, as to the health of the console game market. Cracks are already being seen as the Xbox Series consoles significantly underperformed expectations. Additionally, no new internet or mobile game has become overnight hits, like Pokemon Go! and Fortnite were, adversely impacting gaming app & micro trans growth. Meanwhile, the movie industry is underperforming, with studios releasing fewer films than prior to the pandemic, particularly streaming services which are cutting budgets on theatrical films. The recorded music industry has almost completed the shift from CDs to vinyl albums, but audio streaming growth is slowing, as fewer new customers are subscribing – the same trend PQ Media sees happening for video streaming.

While AI is the latest innovation shaking the media economy, it’s not having much of an impact on consumer media spend, other than the category of entertainment & workflow software. AI has not yet materially grown the amount of time people spend with media, but appears to be making some tasks, like search, more efficient.

Other highlights from the new PQ Media Forecast include:

Pure-play mobile media was the largest of the 10 hybrid-media silo spending categories in 2024 at $563.77 billion, while recorded music was the fastest growing, rising 10.9%;Wireless data subscriptions were the largest of the 28 digital media categories in 2024 at $300.31 billion, while digital audio streaming and satellite radio posted the fastest growth, up 17.7%;Basic and premium TV subscriptions was the largest of the 14 traditional media categories in 2024 at $231.03 billion, and physical music units (vinyl albums & CDs) registered the strongest growth, increasing 4.9%;Among the top 20 global markets, Russia ranked first in digital media’s share of overall content and tech spending in 2024 at 84.5%, as Japan ranked first in average consumer expenditures on all media at $1,823.18.

About the Report:

PQ Media’s 12th annual Global Consumer Spending on Media Forecast 2025-2029, the most comprehensive and actionable strategic intelligence on consumer spending on digital and traditional media content and technology, including econometric data and analysis of 2 overall spending sectors (media content and technology); 5 total spending segments (unit purchases, content subscriptions, access, devices, and software); and 28 digital and 14 traditional media content and technology categories. CLICK THE LINK ABOVE TO DOWNLOAD FREE REPORT SAMPLES.

About PQ Media:

PQ Media delivers intelligent data and analysis to the world’s leading media organizations via syndicated market intelligence reports, custom drill-down research, and on-demand strategic consulting. which includes three reports that cover the industry’s KPIs: advertising & marketing spending; consumer media usage; and consumer spending on media. Click the link above to download free report samples and for details regarding our Special Three-Report Bundle License.

Media Contact

Patrick Quinn, PQ Media, 1 2039215249, pquinn@pqmedia.com, https:/www.pqmedia.com 

Leo Kivijarv, PQ Media, 1 2032737081, lkivijarv@pqmedia.com, https:/www.pqmedia.com  

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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Axon Announces Body 5: Next-Generation Camera Built for the AI Era

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Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field

SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.

For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.

“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”

Axon Body 5: Built for the AI Era

Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day. 

For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.

Both models feature several key advancements, including:

25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.

The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:

A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.

Bringing More of Axon’s AI Era Into the Field

Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.

Increasingly, Axon is also bringing AI into real-time operations.

Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:

Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.

Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.

Innovating Responsibly

Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.

General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.

About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility. 

Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.

Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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