Industry Background:
Digital media consumption is increasing across the globe. With this increased usage of smart devices who support digital media along with the internet, the facility is creating huge growth in digital media. As media consumption in the United States is a tremendous increase as compare to traditional media. Online media consumption is at surge from last few years. With the unbeatable growth of smartphone market with the CAGR of 17 percent as compared to 9.5% growth in all mobile devices. These devices are used to access digital content has evolved in the last few years. The factor which is affecting this market is the rising spend on entertainment services by youth in various countries mainly from India.This growth is primarily driven by High Growth in the Digital Infrastructure in Emerging Countries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amazon.com (United States), Apple Inc. (United States), Google (United States), Facebook (United States), Sony Corporation (Japan), Microsoft Corporation (United States), IAC/InterActiveCorp (IAC) (United States), Verizon Communications Inc. (United States), Ancestry.com Inc. (United States) and Groupon, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Sep 2019, Junglee Games announced the acquisition of Algorin Techlabs and revealed the launch of the Howzat fantasy gaming applications. The agreement helps Junglee to enhance its position as a skill gaming platform and also helps in expanding its position in the India market.
In Oct 2019, Intrado announced the launch of the end-to-end workflow automation platform known as Notified for the communications industry. It has powerful media monitoring and analytics capabilities with advanced distribution and AI-powered global media database.The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Influencing Trend:
High Adoption of Video Games, High Growth of Digital Media Players Such As Netflix, Hulu, Amazon, Apple TV, Roku, and Boxee, Etc. and The rise in Consuming the Content on Digital Platform
Market Growth Drivers:
High Growth in the Digital Infrastructure in Emerging Countries, Shift in Consumer Behaviour from Mass-Produced Content to Specific Content at Huge Rate, Advancement in Mobile Technology and High Growth in Media & Entertainment Sector
Challenges:
Scalability Is One of the Challenges Faced By Across the Organization and Rising Security Concern
Restraints:
Continuous Change in Technology
Opportunities:
Rise in the Number of Devices Capable Of Supporting Digital Media Along With Increasing Internet Access Speed and Rapidly Increasing Internet Users across the Globe
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Digital Media Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Digital Media Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Digital Media players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Media Study Sheds Light on
The Digital Media Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Media industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Media industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.