Digital Content Creation Market to Hit $24.1 Billion by 2027: IndustryARC
One of the major growth factors in the digital content creation market is the increasing number of IoT devices in various application sectors.
HYDERABAD, TELANGANA, INDIA, September 12, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that Digital Content Creation Market Size is analyzed to grow at a CAGR of 9.5% during the 2022-2027 forecast to reach $24.1 billion by 2027. A file or information stored or published in a digital format is called content. digital. Text, audio and video files, graphics, animations and photographs are all examples of digital material. The creation, production and distribution of digital information is made easy with a digital content creation software comparison matrix. A Content Management System (CMS) is used to create, manage, and optimize your consumers’ digital experiences. The CMS is software that allows users to search volume, collaborate on creating, editing and publishing digital content such as web pages and blog posts. Over the next few years, the global digital content creation market is expected to continue to grow. The growing business focus on customer registration and internet advertising, along with the growing use of smartphones and tablets, are the two major factors driving the global digital content creation market. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.
Key points to remember:
This IndustryARC report on the digital content creation market highlights the following areas –
1. The Cloud segment is expected to grow at a CAGR of 40.4% during the forecast period 2022-2027. The growth of the public cloud segment is primarily influenced by factors such as ease of deployment, flexibility, and cost-effective pricing structure.
2. Over the forecast period, North America is expected to grow at the fastest CAGR of 21.3%. The proliferation of IoT-enabled devices, significant R&D investments in IoT, and the presence of major market players are driving the adoption of digital content creation in North America.
3. Increased demand for system integrators is expected to accelerate the growth of digital content creation market. Digital content creation for social media platforms like Twitter, Facebook, and YouTube is growing, propelling the market forward.
4. The adoption of voice search and AI is transforming the digital content development industry and is expected to drive the market growth throughout the forecast period.
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1. In the digital content creation sector, the cloud is democratizing for companies and individuals, allowing everyone to participate in the digital economy. The cloud has become capable of handling media and entertainment industry workloads as producers find it easier to deliver stories in a more cooperative way. In May 2021, WPP Plc announced a partnership with Microsoft Corp. to transform creative content production, starting with the release of Cloud Studio, a cloud-based platform. The platform enables WPP’s global network of advertising agencies to generate campaigns from anywhere in the world.
2. The digital content creation market has been segmented into retail & e-commerce, government, automotive, healthcare & pharmaceutical, media & entertainment, education, travel & tourism, other. The media and entertainment segment is expected to grow at a CAGR of 16.6% during the forecast period 2022-2027. In the digital content creation sector, the cloud is becoming more democratic for companies and individuals, allowing everyone to participate in the digital economy.
3. The use of social media networks as an important marketing and customer engagement tool for industry verticals is expected to drive market revenue generation in the region. The growth of this region can be attributed to the widespread adoption and penetration of digital content creation tools and services, as well as the heavy usage of these products across various end-use segments. In June 2021, Adobe Commerce introduced an AI-powered live search feature. Adobe Commerce resellers can provide relevant and personalized search results to their customers based on their needs.
4. According to a report, in the United States alone, more than 135 million people use voice search technology. Targeted emails help stakeholders develop a personal relationship with customers, which leads to even more visits.
The top 5 players in the digital content creation industry are –
3. Adobe Systems
5. Acrolinx GmbH
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