The Global Digital Content Services Market was $23.4 Bn in 2019, and it is expected to reach $80.9 Bn by 2028. It is eventually growing at a commendable high compound annual growth rate CAGR of 14.1% between 2020-2028. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The Digital content services Market is primarily driven by end user companies increasing budget over online marketing, decreasing price of digital content services due to increased number of competitors and result driven approach for most of the companies.
Global Professional Services Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Digital content services Market has been segmented into Service type by Managed, Freelance and Professional. By industry, the global Digital content services Market is divided into – Technology, Educational, Financial, Healthcare, Chemicals, Consumer Packaged goods, Media and Entertainment, Sports, and Others (Construction, Materials, Industrial and other niche). By content, the global Digital content services Market is divided into Textual, Graphical, Audio, Video and hybrid. The growth is attributed to the focus shift of companies from traditional way of marketing such as print marketing to digital marketing. This in turn help the market of digital content services to grow at good rate.
By Region, North America is Holding the Major Market Share
The global Digital content services Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America Digital content services Market is holding the largest market share currently and is estimated to show a decent compound annual growth rate in the forecast period. It is estimated that more than 60% of companies operating in US, prefer digital content services as their first choice. Asia Pacific market is projected to growth at the highest rate over the forecast period. This growth is due lower cost as well as increasing awareness across all sector companies. The growing number of startup as well as companies in SME sector are also anticipated to trigger the Asia Pacific market growth in the forecast period. Europe region is also expected to witness remarkable growth over the forecast period. LAMEA is also anticipated to show decent growth. This growth is attributed towards the focus over digital marketing for all type of promotional activities. These factors are expected to boost the market of the Digital content services throughout the forecast period from 2020 to 2028.
Major Players in Global Digital content services Market
Some of the key players in the global Digital content services Market include Bloomberg L.P., Thomson Reuters Corporation, Nuxeo, Publicis Sapient, Apple, Inc., Alphabet Inc., Facebook, Twitter, Cision Ltd., Alfresco Software, Inc, Adobe, Inc., and OpenText Corporation.
The Global Digital content services Market Has Been Segmented into:
Global Digital Content Services Market: By Service Type
Global Digital Content Services Market: By Industry Type
Global Digital Content Services Market: By Content
Global Digital content services Market: By Region
Customization options available to meet your custom research requirements :