Description

The increase in global internet users, internet traffic, active social media users, and unique mobile phone users has driven digital content growth. In 2022, the industry saw more than 150 million new global internet users, a spike of more than 25% in internet bandwidth, 200+ million new active social media users, and 90+ million unique mobile phone users. With high-speed connectivity bringing billions of people online worldwide, digital content services are increasingly driving the global economy.

Will this growth continue in 2023? Frost & Sullivan expects so, due to the rise of internet connectivity, the natural need for individuals to connect with others, and general improvements in technologies. Globally, people are conducting more activities online than ever before, such as watching videos, interacting on social media applications, shopping, and playing video games.

This Frost & Sullivan study compiles 10 predictions that are on course to visibly impact the digital content services industry in 2023.

These predictions are the result of aggregated input from Frost & Sullivan’s Digital Content Services research teams across different global regions.

Businesses wanting to understand the evolving dynamics of this growing industry will benefit from this information.