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Automated Content Moderation Market Size, Share Analysis And Trends By 2033
Automated Content Moderation Market Size
According to The Business Research Company's, The automated content moderation market size has grown rapidly in recent years. It will grow from $0.86 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to rise in internet accessibility, growth of the e-commerce industry, increasing penetration of smart devices, increasing volume of user-generated content across online platforms, and increasing volume of user-generated content across online platforms.
The automated content moderation market size is expected to see exponential growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to exponential growth of user-generated content, rising posts of objectionable content on the internet, growing development of the e-commerce sector, increased emphasis on privacy-preserving moderation techniques to protect user data, rising requirement for screening out illegal, illicit, and inappropriate content posted online. Major trends in the forecast period include technological innovation and advancement, integration of ai and machine learning algorithms for more accurate moderation, emphasis on real-time content moderation, expansion of moderation capabilities to cover diverse content types, adoption of natural language processing (NLP) for context-aware moderation.
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Market Drivers and Trends:
The increasing demand for social media is expected to propel the growth of automated content moderation market going forward. Social media platforms are online services or websites that allow users to produce and share content, participate in social networking activities, and communicate with others. The increase in the adoption of social media platforms is due to technological advancements, cultural influence, mobile accessibility, information and news consumption, and brand promotion. Automated content moderation algorithms help maintain a clean and safe environment by swiftly identifying and removing inappropriate or harmful content such as hate speech, graphic violence, or spam. This enhances the overall user experience, making the platform more enjoyable and trustworthy for users. For instance, in February 2022, according to reports published by Avacado Social, a UK-based social media firm, the projected total number of social media users increased by 424 million users in 2021, an increase of 10% compared to the previous year. Therefore, the increase in the adoption of social media platforms is driving the growth of automated content moderation market.
Major companies operating in the automated content moderation market are developing innovative products, such as Spectrum AI Moderation to effectively detect and prevent harmful and toxic behavior in user-generated content. Spectrum AI Moderation uses automated content moderation is a technology that uses AI and machine learning algorithms to automatically monitor, analyze, and filter user-generated material across various digital platforms. For instance, in April 2023, Spectrum Labs, a US-based technology company that uses AI-based tools to help make the internet safer and more valuable for all, launched Spectrum AI Moderation, a world-first AI content moderation solution designed specifically for generative AI content and allows automated detection and redaction of toxic human-generated prompts, limiting the generation of libraries of new AI-generated dangerous and radicalizing content. This innovative solution aims to address the challenges posed by generative AI technologies such ss ChatGPT, Dall-E, Bard, Stable Diffusion, and others, which can generate harmful and toxic content such as hate speech, radicalization, spam, grooming, and harassment.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Besedo, Open Access BPO, Viafoura, TaskUs, Appen Limited, Microsoft Corporation, Magellan Solutions, Cogito, Clarifai, Webhelp, OneSpace, Two Hat, Genpact Ltd., LiveWorld, Pactera, Cognizant, LionBridge AI, Alphabet Inc., HCL Technologies Limited, Alibaba Group Holding Limited, Amazon Inc., Arvato, Viafoura Inc., Two Hat Security Ltd., Twitter Inc., OpenAI LP, International Business Machines Corporation, Zappi Limited, Smart Moderation Inc.
Automated Content Moderation Market 2024 Key Insights:
• The automated content moderation market size is expected to see exponential growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%.
• Generative AI's Role in Meeting Increasing Demand for Enhanced Customer Services in the Social Media Landscape
• Technological Innovation To Combat Harmful Content
• Europe was the largest region in the automated content moderation market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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