Digital Content Market Size to Grow by USD 694.88 Billion at a CAGR of 13.78% between 2022 and 2027, Digital transformation across industries is dominantly driving the market growth - Technavio

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- The digital content market is projected to increase at a CAGR of 13.78% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 694.88 billion. The digital transformation across industries, renewal schemes of various services on different online streaming channels, and growth rate of consumption of online content are projected as the prominent factors leading to the crowdfunding market share growth. For exclusive market statistics and other relevant market information, historic (2017 to 2021), and forecast market size (2023 to 2027) buy the exclusive report.

For more such market analysis updates, historic (2017 to 2021) and forecast market size (2023 to 2027) request the sample report.

New Business Opportunities - Market Segments and Key Regions Analysis

As per Technavio's analysts, there are several market segments classified such as digital video content, digital game content, digital text content, and digital audio content in the digital content market.

Among all these market segments, the digital video segment is projected to record the most significant market share growth during the forecast period - 2022 to 2027. It first witnessed a gradual growth in the market share of USD 236.59 billion in 2017 and continued to grow significantly by 2021.

Considering the geographical regions for market share growth, North America is projected at the top of the list. 41% of the total market share growth will be originated from North America by 2027. Technavio further suggests a significant growth in the adoption of mobile devices for personal and professional purposes contributes to the market share growth in the region. As per the report, the adoption rate of digital content was recorded as the highest in the US and Canada.

Furthermore, the growing adoption rate of online digital content including video streaming, gaming, and online classes is projected to lead the digital content market growth in the region during the forecast period - 2022 to 2027.

Key Market Vendors

There are a few key vendors operating in the market, mentioned in the report such as:

• Alphabet Inc.
• Electronic Arts Inc.
• Amazon.com Inc.
• Deezer SA
• AT&T Inc.
• Baidu Inc.
• Bloomberg L.P
• Apple Inc.
• Comcast Corp.
• DISH Network Corp.

Key Market Driver, Trend and Challenge

• Digital transformation across industries is dominantly driving the market growth.
• Technavio also suggests significant growth in social media will emerge as a primary market trend for growth in the digital content market growth during 2022 to 2027.
• As an emerging market challenge, various constraints associated with content availability may slow down the market growth as per Technavio's report.
• For more details on market dynamics, historic (2017 to 2021), and forecast market size (2023 to 2027) - request the sample report.

Related Reports

• The digital video content market is projected to increase at a CAGR of 14.84% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size growth that will grow by USD 464.62 billion.
• The over-the-top (OTT) market is projected to increase at a CAGR of 24.85% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size growth that will grow by USD 439.12 billion.

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Digital Content Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist digital content market growth during the next five years
• Estimation of the digital content market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the digital content market across North America, Europe, APAC, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of digital content market vendors

About US

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 17,000 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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SOURCE Technavio