LONDON--(BUSINESS WIRE)--The global digital content market size is poised to grow by USD 283.3 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of 10% during the forecast period.
Read the 133-page research report with TOC on "Digital Content Market Analysis Report by content type (digital video content, digital game content, digital text content, and digital audio content), device type (mobile device and non-mobile device) and by geography (Americas, APAC, and EMEA) 2019 - 2023" at: https://www.technavio.com/report/global-digital-content-market-industry-analysis
The market is driven by the increase in the number of smart connected devices. Also, the digital transformation across end-user industries is anticipated to further boost the growth of the market during the forecast period.
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The use of smart connected devices has enabled people to access online content across various devices. This has led to higher demand for digital content as it offers the flexibility of place and time. Furthermore, innovations in devices have led to higher demand for digital content platforms. This has increased data traffic, and the variety of content consumed online. Today digital content includes content that is produced for commercial purposes and tailored to users’ preferences. This kind of content is developed based on data collected from smart devices. These factors will drive the demand for digital content, and the market is expected to grow substantially during the forecast period.
Furthermore, digital transformation in the education, telecom, and media and entertainment sectors is also driving the growth of the global digital content market. In the telecom industry, the introduction of 4G and 5G technologies is enabling end-users to access high-speed Internet. Digital content platforms enable users to see online video at home through laptops/desktops or TV screens using different devices. The availability of advanced database and online platforms is helping to digitize the education industry and support online education through paid subscriptions. Such developments will help the digital content industry to integrate the horizontal and vertical structures of organizations. Thus, technological advances and the increasing adoption of digitization across industries will drive the growth of the global digital content market during the forecast period.
To find out more about Digital Content Market Research 2019-2023, https://www.technavio.com/talk-to-us=IRTNTR30319
The report includes detailed profiles of the leading companies & prominent vendors of the market:
Market Segmentation by Category and Product Types:
The Digital Content Market can be broadly categorized into the following:
- Digital video content
- Digital game content
- Digital text content
- Digital audio content
Key Regions for the Digital Content Market:
Featuring a breakdown of region-wise market shares until 2019.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on Media & Entertainment Market are:
Magazine Publishing Market – Global Magazine Publishing Market by geography (APAC, Europe, MEA, North America, and South America) and type (print and digital).
Post-production Market – Global Post-production Market by application (movie, television, commercials, and online videos), technique (VFX, audio processing, 2D-3D conversion, editing, and others) and geography (APAC, Europe, MEA, North America, and South America)
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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