The Content Analytics 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 Content Analytics Global Market Report 2024, The content analytics market size has grown exponentially in recent years. It will grow from $5.21 billion in 2023 to $6.43 billion in 2024 at a compound annual growth rate (CAGR) of 23.5%. The growth in the historic period can be attributed to explosion of digital content, need for actionable insights, content personalization requirements, rise of social media and user-generated content, content marketing roi..
The content analytics market size is expected to see exponential growth in the next few years. It will grow to $14.53 billion in 2028 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to focus on video and multimedia analytics, dynamic content personalization, content quality assessment, data governance and privacy concerns, content performance attribution.. Major trends in the forecast period include focus on natural language processing (nlp), real-time content analytics, multichannel content analysis, augmented analytics for business users, predictive analytics for content trends..
An increase in the number of social media activities is expected to propel the growth of the content analytics market going forward. Social media is referred to as websites and platforms that emphasize communication, community-based input, engagement, content-sharing, and collaboration. Several tech-enabled activities such as Blogging, social gaming, social networks, video sharing, business networks, virtual worlds, reviews, and many other things can be considered forms of social media. The content created from social media is analyzed by social media analytics to support business decisions and measure the performance of actions. This leads to an increase in the demand for the content analytics market. For instance, according to Search Engine Journal, a US-based technology transformation, and media company, in 2022, globally there are 4.55 billion active social media users and in 2021, 84% percent of US citizens used social media. Therefore, rising demand for a number of activities is propelling the content analytics market.
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The content analytics market covered in this report is segmented –
1) By Deployment Type: On-Premise, Cloud
2) By Application: Text Analytics, Video Analytics, Social Media Analytics, Speech Analytics, Other Applications
3) By End User: BFSI, Healthcare, Retail and Consumer Goods, IT and Telecom, Other End Users
Technology advancement is a key trend gaining popularity in the content analytics market. Major companies in the content analytics market are advancing in their new innovations to strengthen their position in the market. For instance, in March 2022, LinkedIn Corporation, a US-based employment-oriented online service company, launched a new tool for creators for improved content analytics. Creator mode is a profile setting on the dashboard that can help grow reach and influence on LinkedIn. To access additional tools and services that assist in producing content and expanding LinkedIn audience enable creator mode. The unique features of the new tools are the performance of content will be more thoroughly analysed, new creator mode analytics, improved insights options, the introduction of new data on profile video views as well as upgraded profile video tools to assist producers to grow their audience.
The content analytics market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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