Digital Media Production Software Market to Reach $36.3 Billion, Globally, by 2031 at 12.6% CAGR: Allied Market Research
PORTLAND, Ore., Dec. 12, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Media Production Software Market by Type (Digital Content Creation, Digital Content Management, Interactive TV), by Deployment Mode (On-Premise, Cloud), by Application (Digital Advertising, Online Games, E-learning, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global digital media production software industry generated $11.4 billion in 2021, and is anticipated to generate $36.3 billion by 2031, witnessing a CAGR of 12.6% from 2022 to 2031.
- PORTLAND, Ore., Dec. 12, 2022 /PRNewswire/ --Allied Market Research published a report, titled, " Digital Media Production Software Market by Type (Digital Content Creation, Digital Content Management, Interactive TV), by Deployment Mode (On-Premise, Cloud), by Application (Digital Advertising, Online Games, E-learning, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031".
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Rise in demand for online video games, growth in ICT expenditure, and the rising use of social media marketing drive the growth of the global digital media production software market. - However, high initial investments and cyber security threats are responsible for hampering the growth of the digital media production software market.
- The outbreak of the Covid-19 pandemic had a positive impact on the global digital media production software market, owing to a sudden increase in demand for digital media during the lockdown.