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Digital Content Creation Market By Component (Tools, Service), By Content Type (Textual, Graphical, Video, Audio), By Deployment (On-Premise, Cloud), By Application (Retail & E-Commerce, Government, Automotive, Travel & Tourism, Healthcare & Pharmaceutical, Education, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The Increasing Adoption of Mobile Devices is Driving the Growth of the Digital Content Creation Market

Globally, the digital content creation market is poised to grow, with a growth rate of 16.5% over the forecast period. The market is propelled by the growing adoption of mobile devices globally. Over the past decade, media consumption has increased significantly. Mobile devices mainly govern this consumption. Smartphones and tablets emerged as the preferred medium for consuming digital data. Mobile devices with increasing internet speed enable users to access digital content anytime, anywhere.

The declining data rate, along with increasing infrastructure into 4G and 5G infrastructure, is also serving as a major factor driving the market growth. Furthermore, the increasing need among organizations to enhance customer engagement and relevant advertisement is accelerating market growth. However, the strict government regulations on digital content significantly constrain the market's growth.    

Market Synopsis

Services are Estimated to Grow Significantly During the Forecast Period  

The digital content creation market is bifurcated based on the component into tools and services. The tools market is further categorized into content publishing, content authorization, and content transformation. The tool segment accounted for more than 75% share of the digital content creation market in 2018. The growth of the market is attributed to the numerous benefits offered by the tools, such as cost-effectiveness, better ROI, and greater engagement. On the other hand, the service market is estimated to grow significantly during the forecast period.

North America is Leading the Digital Content Creation Market                    

North America accounted for more than 35% of the digital content creation market in 2018. The increasing adoption of mobile devices across the region drives the market. Furthermore, the increasing internet penetration and declining data rate is fostering market growth. Additionally, the increasing focus of organizations on digital content for marketing and customer engagement activities is augmenting market growth.

The digital content creation market vendors are Adobe Systems Incorporated, Acrolinx GmbH, Apple Inc., Avid Technology Inc., Arcsoft Inc., Corel Corporation, Magix GmbH, Integra Software Services, MarketMuse Inc., Quark Software Inc., Microsoft Corporation, and Trivantis.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.Report Scope by Segments

The digital content creation market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global digital content creation market based on components, content format, deployment model, application, and geography. 

Frequently Asked Questions:

The market for Digital Content Creation is expected to reach US$ 10,781.0 Mn by 2027.

The Digital Content Creation market is expected to see significant CAGR growth over the coming years, at 16.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Acrolinx GMBH, Adobe System, Apple Inc., Arcsoft Inc., Avid Technologies Inc., Corel Corporation, Integra Software Solutions, Magix GMBH, MarketMuse Inc., Microsoft Corporation are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  IT & Telecom
Report ID:   60050
Report Format:   PDF
Pages:   120
Rating:    4.4 (58)
Delivery Time: 24 Hours to 48 Hours   
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