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Global digital content market: 11.7% CAGR growth forecast between 2012-16

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Global Digital Content Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 08:11:01
The Global Digital Content market is to grow at a CAGR of 11.71 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing numbers of smartphones and tablets. The Global Digital Content market has also been witnessing an increase in the adoption of cloud services. However, the growing privacy concerns could pose a challenge to the growth of this market.

In the current scenario, an on-going decline in physical distribution spending is being witnessed in the Global market, leading to a negative growth of the Physical Distribution segment; and in turn is restricting the growth of the Global Digital Content market. But with increasing adoption and utilization of mobile devices such as smartphones and tablets, the digital format of distribution is a more preferred mode of accessing content by consumers. Hence, the rapid growth in the Global Digital Content market in being witnessed which is expected to continue during the forecast period. By 2015, the share of the Global Digital Distribution segment is expected to exceed the share of the Physical Distribution segment, thereby enabling a rebound in overall spending on digital content.

One of the main drivers in the market is the growing number of smartphones and tablets. With the increasing number of smartphones and tablets, the consumption of digital content is increasing exponentially with the growing market. Smartphones account for one-fifth of the overall mobile phones in the world.

One of the key challenges in this market is the growing privacy concern. Consumers are reluctant to share their personal information online or make online transactions because there is a risk of their personal data being shared by companies that could lead to a lack of privacy and, in worse cases, fraudulent transactions. Moreover, consumers are unaware about how and when their information is being shared.

The key vendors dominating this market space are Amazon.com Inc., Apple Inc., Bloomberg L.P., Brightcove Inc., Comcast Corp., Dish Network Corp., Google Inc., Microsoft Corp., Netflix Inc., Ooyala Inc., Reed Elsevier Plc., Sony Music Entertainment Inc., Universal Music Group., and Yahoo! Inc.

Other vendors are AOL Inc., Blinkbox, DirecTV Inc., Doovle Ltd., Facebook Inc., Hulu.com, SME Inc., Thomson Reuters Corp., UMG Inc., UTStarcom, and Wolters Kluwer N.V.

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