Digital Content Creation Global Market Is Expected To Grow At A Rate Of More Than 14% Through 2023 – 2027
28 Jun, 2023
The global digital content creation market size is expected to grow from $21.62 billion in 2022 to $24.72 billion in 2023 at a compound annual growth rate (CAGR) of 14.36%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global digital content creation market size is expected to reach $14.39 billion in 2027 at a CAGR of 14.3%.
Global Digital Content Creation Market Key Driver
Growth in AI adoption is driving the growth of the digital content creation market going forward. Artificial intelligence is a field that solves issues by combining computer science and massive datasets. It is a collection of technologies that enable computers to perform a variety of advanced functions. In digital content creation, artificial intelligence is used to create articles, blog posts, social media posts, and product descriptions by leveraging natural language processing (NLP) and machine learning algorithms to interpret user intent and analyse massive volumes of data to generate unique and relevant content.
Get a sample of the global digital content creation market reportGlobal Digital Content Creation Market Segments
The global digital content creation market is segmented:
1) By Components: Tools, Services
2) By Format: Textual, Graphical, Video, Audio, Other Format
3) By Deployment: Cloud, On-premises
4) By Organization Size: Small and Medium Enterprises, Large Enterprises
5) By End-user: Hospitality, Retail, Automotive, Travel and Tourism, Healthcare, Pharmaceuticals, Media and Entertainment, Government, Other End-users
6) By Geography: The regions covered in the digital content creation market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global digital content creation market.
Major Digital Content Creation Industry Players
Microsoft Corporation, PicsArt Inc, Adobe Systems Incorporated, Corel Corporation, Acrolinx GmbH, Integra Software Services, MarketMuse Inc, Quark Software Inc, Canva, Apple Inc, Aptara Inc, Trivantis Corporation, Google LLC, Avid Technology, Inc, Digital 360, Autodesk Inc
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Digital Content Creation Market Overview
Digital content creation refers to the provision of information to digital media, for a target audience in specific settings. It is used for marketing or publication by creating communication channels through different digital formats or mediums such as speech, writing, or any of various arts for self-expression and dissemination.
Digital Content Creation Global Market Report 2023 provides data on the global digital content creation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The digital content creation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.