Press release
Digital Content Creation Global Market Poised to Reach $49.02 Billion By 2028 with CAGR of 14.7% | Microsoft Corporation, PicsArt Inc., Acrolinx GmbH, Canva, Apple Inc., Aptara Inc.
Digital Content Creation Global Market
The Business Research Company offers in-depth market insights through Digital Content Creation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The digital content creation market size has grown rapidly in recent years. It will grow from $24.72 billion in 2023 to $28.33 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to rise of social media, increased internet penetration, user-generated content trend, growth of influencer marketing, content monetization opportunities, democratization of creativity.
The digital content creation market size is expected to see rapid growth in the next few years. It will grow to $49.02 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to interactive and dynamic content, sustainability and eco-friendly practices, cross-platform content creation, data-driven insights for creators, interactive content formats. Major trends in the forecast period include live streaming, ai-powered content creation, podcasting, localization and personalization, integration with emerging technologies, 3d content creation.
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Market Segmentation:
The digital content creation market covered in this report is segmented -
1) By Components: Tools, Services
2) By Format: Textual, Graphical, Video, Audio, Other Format
3) By Deployment: Cloud, On-premises
4) By Organization Size: Small and Medium Enterprises, Large Enterprises
5) By End-user: Hospitality, Retail, Automotive, Travel and Tourism, Healthcare, Pharmaceuticals, Media and Entertainment, Government, Other End-users,
Major Driver - Rising Adoption Of Artificial Intelligence Fuels Expansion In The Digital Content Creation Market
Growth in AI adoption is driving the growth of the digital content creation market going forward. Artificial intelligence is a field that combines computer science and large datasets to solve problems. It consists of a group of technologies that allow computers to perform a wide range of advanced functions. Artificial intelligence is used in digital content creation for creating articles, blog entries, social media posts, and product descriptions by leveraging natural language processing (NLP) and machine learning algorithms to interpret user intent and analyze massive volumes of data to generate unique and relevant content. For instance, in May 2022, according to a report published by International Business Machines Corporation (IBM), a US-based technology corporation, according to data from 7,502 enterprises worldwide, the adoption rate of AI internationally increased dramatically and was at 35%, up four points from the previous year. AI is expected to be adopted by 13% more organizations in 2022 than in 2021. 35% of organizations have used AI in their organization, 42% are contemplating AI adoption, and two-thirds (66%) are either executing or planning to use AI to accomplish their sustainability goals. Therefore, the growth in AI adoption is driving the growth of the digital content creation market.
Competitive Landscape:
Major companies operating in the digital content creation market report are Microsoft Corporation, PicsArt Inc., Adobe Systems Incorporated, Cascade Parent Limited, Acrolinx GmbH, Integra Software Service, MarketMuse Inc., Quark Software Inc., Canva, Apple Inc., Aptara Inc., Trivantis Corporation, Google LLC, Avid Technology Inc, Digital 360, Autodesk Inc., Blender Foundation, Maxon Computer GmbH, Pixologic Inc., TechSmith Corporation, Serif Ltd., NewTek Inc., Blackmagic Design Pty. Ltd., Toon Boom Animation Inc., Unity Technologies, Epic Games Inc., SideFX, Dassault Systèmes SE, The Foundry Visionmongers Ltd., Wondershare Technology Co. Ltd., PreSonus Audio Electronics Inc., CyberLink Corp., Cheetah Mobile Inc, Articulate Global Inc., Alteryx Inc., Alibaba Group Holding Limited, Reallusion Inc., MAGIX Software GmbH, Smith Micro Software Inc., Maxwell Render, Pixlr
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Top Trend - Technologically Advanced AI Tool Redefines Speed And Quality In Digital Content Creation
Technological advancement is the key trend that is gaining popularity in the digital content creation market. Major companies operating in the digital content creation market are focused on developing technologically advanced products to strengthen their position in the market. For instance, in February 2023, Knorish Frameworks Private Limited, an India-based unlisted private company providing technology solutions to help professionals and businesses, introduced FunnelsGPT, an artificial intelligence content creation tool to assist organizations in developing better and faster content. FunnelsGPT is powered by predictive generative text-based AI technology that supplies course designers in an organization with high-conversion landing page material, appealing social media posts, and compelling ad copy to help them build their online presence and improve conversion rates. Additionally, it can scour various content pieces, provide exceptional solutions in seconds, and allow developers to write better content for marketing and promoting activities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Content Creation Market Characteristics
3. Digital Content Creation Market Trends And Strategies
4. Digital Content Creation Market - Macro Economic Scenario
5. Digital Content Creation Market Size And Growth
…..
27. Digital Content Creation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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