New York, NY (Top40 Charts) The Global
Digital Content Market is expected to grow at a CAGR of 13.73 percent from 2014-2019 thanks to the growing need for digitization, according to research firm TechNavio;
An increase in the number of smartphones, tablets and internet users has led to high demand for content digitization. The growing number of internet users has also led to high data consumption, which will ultimately result in growth of digital content, and will help vendors generate higher revenues through the projected period.
According to the latest report by TechNavio, the increased adoption of cloud services is expected to positively impact the overall market. Because of the growing awareness among consumers about the advantages of cloud-based systems, service providers have started developing their capabilities in cloud computing.
"Many digital music streaming services rely on cloud computing to provide consumers with legal access to music online. It allows a huge number of files to be stored and accessed by subscribers," says Faisal Ghaus, Vice President of TechNavio.
"Cloud-based music services like iTunes Match have become a market reality and have increased the popularity of music downloads. The popularity of this kind of content will buoy the
Digital Content Market through the projected period."
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
About TechNavio
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
www.technavio.com
