Digital media market projected to reach $2,648.96 billion by 2032 with major players like Apple, Disney.
From GlobeNewswire: 2025-04-10 10:00:00
The Digital Media Market was valued at USD 874.42 billion in 2023, projected to reach USD 2,648.96 billion by 2032 with a 13.16% CAGR. Major players include Apple, Disney, Netflix, Amazon, and more. The U.S. digital media market size was USD 239.64 billion in 2023, expected to reach USD 718.46 billion by 2032 with a 12.97% CAGR.
Video content dominated the market with a 43% share in 2023, driven by platforms like Netflix and YouTube. The audio segment is expected to grow at a 15.84% CAGR, fueled by podcasts and music streaming. Smartphones led the market with a 42% revenue share in 2023, while computers are projected to grow at a 15.52% CAGR from 2024-2032.
Marketing & Advertisement segment accounted for 33% of total revenue in 2023, with digital advertising gaining popularity. The Streaming segment is expected to grow at a 15.26% CAGR, driven by on-demand video content and the rise of streaming platforms. The deployment of 5G networks enhances streaming services, boosting the digital media market. In 2023, the Entertainment segment led, driven by demand for digital content like movies, gaming, and social media. Retail is set for rapid growth with personalized ads and online shopping portals. North America led in 2023, with Asia Pacific poised for fastest growth due to urbanization and rising middle-class populations.
Apple launches Apple Intelligence for enhanced user experiences, while Sony introduces Sony AI to support digital media content creation. The Digital Media Market offers segmentation by content type, platform, application, and industry vertical. SNS Insider provides consulting services for market assessment, TAM assessment, and competitive benchmarking. They aim to provide clients with accurate market data and insights for confident decision-making. 1. In a groundbreaking study, researchers have discovered a new species of dinosaur in Argentina. The newly identified species, named Llukalkan aliocranianus, is a carnivorous dinosaur that lived during the Late Cretaceous period. This find sheds new light on the diversity of dinosaurs that roamed the Earth millions of years ago.
2. The United Nations has released a report highlighting the urgent need for global action to combat climate change. The report warns that current efforts are insufficient to limit the rise in global temperatures to 1.5 degrees Celsius above pre-industrial levels. Urgent and ambitious measures are needed to avoid catastrophic consequences.
3. The stock market has experienced a significant downturn, with major indices such as the S&P 500 and Dow Jones Industrial Average dropping by over 3%. The decline is attributed to concerns about rising inflation and interest rates, as well as uncertainty surrounding the economic recovery from the COVID-19 pandemic.
4. Tesla has announced plans to invest $1.5 billion in Bitcoin and accept the cryptocurrency as payment for its products. This move has caused a surge in the price of Bitcoin, which reached a new all-time high of over $44,000. Tesla’s CEO, Elon Musk, has been a vocal supporter of cryptocurrencies in recent months.
5. The COVID-19 vaccine rollout has faced challenges in many countries, with shortages and distribution issues hampering efforts to vaccinate the population. In the United States, President Biden has pledged to increase vaccine supply and accelerate distribution, aiming to vaccinate 100 million Americans within his first 100 days in office.
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