The Digital Content Creation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Content Creation Global Market Report 2024, 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.
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.
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The digital content creation market covered in this report is segmented –
1) Digital Content Creation Market By Components: Tools, Services
2) Digital Content Creation Market By Format: Textual, Graphical, Video, Audio, Other Format
3) Digital Content Creation Market By Deployment: Cloud, On-premises
4) Digital Content Creation Market By Organization Size: Small and Medium Enterprises, Large Enterprises
5) Digital Content Creation Market By End-user: Hospitality, Retail, Automotive, Travel and Tourism, Healthcare, Pharmaceuticals, Media and Entertainment, Government, Other End-users
Top Major Players
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 digital content creation market report table of contents includes:
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. Global Digital Content Creation Market Size and Growth
…..
31. Global Digital Content Creation Market Competitive Benchmarking
32. Global Digital Content Creation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digital Content Creation Market
34. Digital Content Creation Market Future Outlook and Potential Analysis
35. Appendix
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