Global Digital Content Market 2019-2023
About this market
Digital content service platforms are used by customers to obtain high-quality content. And it is becoming mandatory for digital content vendors to make the content meaningful, informative, and relevant. They also add various popular titles to the content libraries to boost the user experience and satisfaction levels. Technavio’s analysts have predicted that the global digital content market will register a CAGR of almost 7% by 2023.
Increasing number of smart connected devices
Smart connected devices allow people to access online content and improves the suppleness of end-users regarding place and time through digital content. Moreover, these devices assist service providers in understanding the users’ preferences by collecting their data.
Limitation in the availability of content
The amount of data space required to meet customer demand is much larger than the data space that is currently available.
For the detailed list of factors that will drive and challenge the growth of the global digital content market during 2019-2023, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the demand high-quality content through digital content service platforms and increasing number of smart connected devices, will provide considerable growth opportunities to digital content market vendors. Alphabet, Amazon, Apple, Microsoft, and Netflix are some of the major companies covered in this report.