London, 27 January 2015 – The Global Digital Content Market is expected to grow at a CAGR of 13.73 percent from 2014-2019, says research firm TechNavio; thanks to the growing need for digitization.
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:
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