The social media content creation market is expected to have a significant CAGR of 14.5% from 2022 to 2032
Social Media Content Creation Market 2022 | Current scenario and growth prospects 2032
NEWARK, NEWARK, UNITED STATES OF AMERICA, June 27, 2022 /EINPresswire.com/ — According to a recent study, social media content creation market reached a valuation of US$5.7 billion in 2022 and is projected to reach US$19.64 billion in 2032, at a CAGR of 14.5% from 2022 to 2032. As marketers seek to achieve a largest consumer base, there is a growing demand for content development tools across many industries. A rapid increase in the adoption of social media content creation tools is expected due to increased IT spending, use of AI, implementation of cloud computing, decreasing data storage costs and the rise of e-commerce business platforms.
Marketing and sales tactics increasingly depend on social media content creation software tools and service platforms. And, in almost every industry, digital marketing is becoming a critical, if not essential, part of any marketing department.
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The development of digital content for social media platforms like Twitter, Facebook, and YouTube is exploding, propelling the social media content creation market forward. HubSpot, Moovly Media, Shopify, Zoom Video Communications, and Atlassian Corporation are all IT companies active in the field, and they all control the social media content creation market share.
Manufacturers and software developers are providing new insights through technological developments and product innovations that merge hardware and software to generate social media content. Not only are the major market players stepping up their game, but start-ups and newcomers are carving out their place in an increasingly global social media content creation market.
The growth of SMEs is accelerating in high-growth areas such as Asia-Pacific (APAC) and the Middle East, contributing significantly to the expansion of the social media content creation market. In this demographic, social media creation and management solutions are perfect because they allow marketers to communicate directly with their audience across multiple social media platforms at a lower cost.
The social media content creation market is segmented into content type, company size, end-user industries, and region. The YouTube content creation segment of the social media content creation market is expected to lead the market with a 40.3% share in the global industry. Large segmented companies are also driving the social media content creation market with a share of 73.2%. The share of SMEs in the social media content creation market is less, but it is growing at a rapid rate owing to the changing market outlook and global scenario.
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Demand for social media content creation in the US will grow nearly 11.9% per year through 2032
The demand for social media content creation in the United States is expected to reach 72.4% in 2022 and is expected to lead the social media content creation market at a high pace.
APAC region is expected to dominate the social media content creation market throughout the forecast period due to growing customer base and changing consumer preferences. The growth in the APAC region could be attributed to the following factors:
The Indian social media content creation market is expected to have a share of 39.8% in the global market and is also expected to grow at a high rate of 14.2% throughout the forecast period.
The Chinese social media content creation market is growing at a CAGR of 15.9% from 2022 to 2032.
The demand for social media content creation in Japan is expected to grow at a rate of 12.2% throughout the forecast period and it also holds a market share of 32.9% globally.
The Chinese social media content creation market holds the highest market share in the APAC region at 47.1%.
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The report provides an in-depth analysis of the social media content creation market. Extensive qualitative research, verifiable data from reliable sources, and market size forecasts are all included in the report. Estimates are based on well-established research methodology.
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By content type:
Instagram content creation
Facebook content creation
Tiktok content creation
YouTube content creation
By business size:
Small and medium enterprises
By end use:
travel and hospitality
Media and entertainment
Telecom & IT
Southeast and Africa
Middle East Asia and Africa
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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