Digital Content Creation Market to Reach $24.1 Billion by 2027: IndustryARC
One of the primary factors driving the growth of 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 forecast 2022-2027 to reach $24.1 billion by 2027. A file or information kept or released in a digital format is referred to as digital content. Text, audio and video files, graphics, animation, and photographs are all examples of digital material. Authoring, producing, and distributing digital information are all made easier using a digital content creation software comparison matrix. A content management system (CMS) is used to create, manage, and optimize your consumers’ digital experiences. CMS is a piece of software that allows users to search volume, collaborate on the creation, editing, and publishing of 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 rise. The expanding focus of businesses on customer enrollment and advertising over the internet, as well as the increasing use of smartphones and tablets, are the two primary factors driving the global Digital Content Creation market. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
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 public cloud segment’s growth is primarily influenced by factors such as ease of deployment, flexibility, and a cost-effective pricing structure.
2. During 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 investment in IoT, and the presence of important market participants are driving Digital Content Creation adoption in North America.
3. The increased demand for system integrators is expected to accelerate the growth of the Digital Content Creation market. Digital content creation for social media platforms like Twitter, Facebook, and YouTube is growing, propelling the market forward.
4. Adoption of voice search and AI are transforming the digital content development sector and are projected to drive market growth throughout the forecast period.
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Segmental Analysis :
1. In the digital content creation sector, cloud is being democratized for companies and individu als, allowing everyone to participate in the digital economy. Cloud has grown capable of handling the media & entertainment industry workloads, as producers find it easier to transmit stories more cooperatively. 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 platform. The platform enables WPP’s global network of ad agencies to generate campaigns from anywhere in the world.
2. Digital Content Creation Market has been segmented into Retail and E-Commerce, Government, Automotive, Healthcare and Pharmaceutical, Media and Entertainment, Education, Travel and Tourism, Others. 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 being democratized for companies and individuals, allowing everyone to participate in the digital economy.
3. The use of social media networks as a significant marketing and customer engagement tool for industrial verticals is expected to boost market revenue creation in the region. This region’s growth can be ascribed to widespread adoption and penetration of digital content creation tools and services, as well as extensive use of these products in various end-use segments. In June 2021, Adobe Commerce introduced an AI-powered live search feature. Adobe Commerce retailers may give relevant and customized search results to their customers based on their needs.
4. According to a report, in the U.S alone, over 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
4. Corel Corporation
5. Acrolinx GmbH
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