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Digital Content Market Worth Will Grow at a CAGR of 5.9% | Valuates Reports
The global Digital Content market size is projected to reach US$ 241650 million by 2027, from US$ 161540 million in 2020, at a CAGR of 5.9% during 2021-2027. Major factors driving the growth of digital content market size are, increase in the number of smart connected devices, growing digital transformation across end-user industries, and increasing connection speeds.
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Digital Content Market Share:
Global Digital Content Market key players include Tencent, Microsoft, Sony, Apple, Google, etc.
Asia-Pacific is the largest market, with a share of about 35%, followed by Europe, and North America, both have a share over 55 percent.
In terms of product, Game is the largest segment, with a share over 50%. And in terms of application, the largest application is Smartphones, followed by Computes, Smart TVs, etc.
North America and Europe are expected to hold significant digital content market share. This is due to the increased demand for digital platforms and increased consumption rates. The growth in revenue share across OTT platforms and rising in web content power is expected to drive the growth of digital content market size in these regions.
Asia Pacific region is expected to witness a high growth rate during the forecast period. China is expected to witness the highest growth in this region due to increasing device adoption and skyrocketing game app spending.
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Digital Content Market Trends
Increased adoption of digital content creation software applications is one of the key factors expected to drive the growth of the digital content creation market size. Also, the growing technological advances and product improvements to combine hardware with digital content software applications by manufacturers and software developers are expected to generate substantial business expansion opportunities for existing players.
The increase in mobile devices is expected to fuel the digital content creation market size. Smartphones and other mobile devices make it easier for consumers to access the internet and music & video content in one go.
Furthermore, the rising popularity of OTT platforms with simplified payment options is also expected to boost the digital content market size.
The e-commerce industry is witnessing spontaneous growth, which has added to the use of digital content to view their goods on-line images, videos and catalogs. The rise in the e-commerce segment is expected to increase the digital content market size.
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Digital Content Market Segments
Digital Content Market by Type
• Movie and Music
• Game
• Education
• Digital Publication
• Others
Digital Content Market by Application
• Smartphones
• Computes
• Tablets
• Smart TV
• STB& Analogue TV
• Non-network Consumption Device（CD-Player，game console，etc）
Digital Content Market by Regions/Countries
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
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