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Digital Content Creation Market Growth & Competitive Analysis 2024-2033
"The Business Research Company recently released a comprehensive report on the Global Digital Content Creation Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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:
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
Digital Content Creation Market 2024 Key Insights:
• The digital content creation market size will grow to $49.02 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%.
• Rising Adoption Of Artificial Intelligence Fuels Expansion In The Digital Content Creation Market
• Technologically Advanced AI Tool Redefines Speed And Quality In Digital Content Creation
• North America was the largest region in the digital content creation market in 2023
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