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Digital Content Market size to increase by USD 927 billion between 2023 to 2028, Market Segmentation by Content Type, Application, Geography , Technavio

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NEW YORK, Dec. 18, 2024 /PRNewswire/ — The global digital content market size is estimated to grow by USD 927 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 15.7% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

Content Type1.1 Digital video content1.2 Digital game content1.3 Digital text content1.4 Digital audio contentApplication 2.1 Smartphones2.2 Computers2.3 Smart TV2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

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1.1 Fastest growing segment:

The digital video content segment dominates the global digital content market due to its large market share. Leading players like Netflix, Amazon, and Hulu are enhancing their offerings and experimenting with new business models. The demand for over-the-top (OTT) video services due to various subscription options and premium content. High-speed broadband and telecom network infrastructure advancements, including 4G and 5G technologies, are significant growth drivers in emerging economies. In developed economies, the popularity of the subscription-based model fuels the segment’s growth. Internet access expansion, the rise in connected devices, and user-friendly online video catalogs contribute to digital video content adoption. Social media video posts attract more inbound links than text posts, making video content an effective marketing tool. Short-form video services like Vine and Instagram’s 15-second format cater to modern consumers’ attention spans. The shift to online video content consumption is a trend that will continue, with attractive video catalogs and competitive pricing from providers. New vendors entering the market and the focus on premium OTT content fuel competition and consumer awareness. Entertainment and infotainment, food, travel, fashion, gaming, spiritual content, sports, and live events are popular video content categories, driving consumer interest. (Word count: 100)

Analyst Review

In the digital age, IT has become a crucial aspect of our lives, with cloud computing playing a significant role in storing and managing data. Amidst lockdown restrictions, the internet has become a lifeline, enabling US to stream music on platforms like Spotify, work remotely, and connect with others through social media. Cybersecurity Ventures predicts that by 2025, 95% of businesses worldwide will be using cloud services, leading to an increase in data usage, reaching zettabytes. Content creators have seized this opportunity, producing high-quality content in various formats such as blog posts, videos, podcasts, and infographics for digital platforms. Tools like Figma, Zippia, and SEO tools have made content creation more accessible and efficient. Digital strategies are essential for businesses to reach their target audiences effectively in this dynamic digital landscape.

Market Overview

In the digital age, IT has revolutionized the way businesses connect with their target audiences. Cloud computing has enabled the storage and delivery of vast amounts of digital content, including zettabytes of textual, graphical, audio, and video data. The lockdown restrictions have further accelerated the shift towards online platforms, with streaming services like Spotify and enterprise-sized, medium, and large businesses adopting digital content and digital platforms for blog posts, videos, podcasts, infographics, social media, and more. Content creators are utilizing advanced tools like Figma, Zippia, SEO tools, and AI-driven machine learning to produce high-quality, personalized content for their audiences. Google LLC dominates the digital landscape with its search engine and various digital media offerings. Retail and ecommerce, automotive, pharmaceutical, entertainment, travel and tourism, and other industries are investing heavily in digital content production to boost customer engagement, brand loyalty, and online presence. The tools segment includes content authoring, graphic design, video editing, web development, and more. Deployment modes include cloud-based and on-premise solutions. Advanced technologies like augmented reality, virtual reality, and mixed reality are also transforming the way businesses create and deliver experiences to their customers. Stay tuned for the latest trends and insights in the digital content market.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Huawei and The University of Hong Kong Build a Next-Generation Smart Campus, Accelerating Digital Transformation of Education

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HONG KONG, Dec. 19, 2024 /PRNewswire/ — On Dec. 12, Huawei and the University of Hong Kong (HKU) jointly held a launch ceremony for “The University of Hong Kong & Huawei Global Smart Campus Network Showcase.” This marks a new milestone in their collaboration on developing smarter campus network connectivity and infrastructures. Both parties are committed to creating a global showcase for smart campus network innovation, which not only accelerates HKU’s digital and intelligent transformation, but also serves as an excellent reference and inspiration for more universities worldwide.

Several key leaders from both parties attended the ceremony, including Flora Ng, Chief Information Officer and University Librarian at HKU; Wilson Kwok, Associate Director (CIO & Librarian Office) at HKU; Jason He, President of Huawei’s Global Enterprise Data Communication Marketing & Solution Sales Dept; Jim Bi, President of ICT Marketing & Solution Sales Dept of Huawei Hong Kong; Yury Yin, Vice President of Huawei’s Data Communications Product Line; Jackie Yu, Director of the Branding & Marketing Execution Dept, Huawei Enterprise Business.

“As a world-class university, HKU is committed to providing the best teaching and research environment for global academic talent and promoting the integration of education and technology,” said Flora Ng in her welcome speech. “This year marks the 112th anniversary of the HKU Libraries, which has become a vital platform for global academic research over a century. With the growing diversity of teaching needs and accelerating digital transformation, building a smart campus is critical for providing high-quality educational services.”

She continued: “Together with Huawei, we have built a high-quality 10 Gbps campus network powered by Wi-Fi 7, and deployed it in multiple scenarios, such as libraries, main building (Loke Yew Hall), classrooms, and HKU Station. These deployments ensure stable, smooth network connections for teaching applications in smart classrooms, libraries, study rooms, and auditoriums, laying a solid foundation for HKU’s smart campus.”

Ng added: “Moving forward, both parties will continue to work closely on smart networks and dive deeper into scenarios such as network security, intelligent Operations and Maintenance (O&M), and smart campus Internet of Things (IoT). Doing so will build a more secure, efficient, and intelligent education environment for the future, thereby driving the digital transformation of the education industry.”

“Currently, education is rapidly integrating with digital technology. Huawei fully leverages its unmatched expertise and strengths in the ICT field to help HKU innovate in scientific research, teaching affairs, and management processes,” said Jason He, President of Global Enterprise Data Communication Marketing & Solution Sales Dept, Huawei, in his speech. “Specifically, Huawei’s high-quality 10 Gbps campus network solution powered by Wi-Fi 7 brings to HKU three types of experience upgrade: wireless experience upgrade, application experience upgrade, and O&M experience upgrade. This solution meets various campus scenario-specific needs while ensuring data security, ultimately delivering a fresh-new network experience.”

Technological innovations meet diverse network needs, taking campus network experience to new levels.

With the advent of the digital era, online exams, live classes, lectures, and ceremonies pose higher performance requirements on modern campus networks. Especially in smart classroom scenarios, a key priority is to ensure always-optimal teaching experience in the classroom.

Huawei’s high-quality 10 Gbps campus network solution can meet these needs. By leveraging cutting-edge Wi-Fi 7 technology, this solution greatly increases network bandwidth needed for 4K/8K HD interactive teaching in smart classrooms. It also offers application assurance (which automatically identifies and prioritizes key teaching applications), application quality visibility, and other compelling capabilities to ensure superior experience with teaching applications.

Huawei’s latest Wi-Fi 7 APs deployed in the Loke Yew Hall (a historical landmark and also important activity center), libraries, and study rooms provide smooth network connectivity during centralized online exams and peak hours of celebration activities.

This cooperation is a key milestone and practice on the road to smarter education and smarter campus connectivity of the future. Said Jason He: “Looking forward, Huawei will continue our partnership with HKU to further create a high-quality educational environment, solidifying HKU’s leading position in global higher education. This cooperation can also set an excellent example for more Hong Kong universities to embark on their digital education journey.”

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SOURCE HUAWEI

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Hanesbrands Inc. Data Breach Settlement: Eligible Individuals Encouraged to File Claims

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Apex Class Action LLC, the Settlement Administrator for the Hanesbrands Inc. Data Breach Class Action Settlement, announces that individuals affected by the 2022 data breach may now file claims to receive benefits under the settlement agreement. The data breach, which occurred in May 2022, compromised sensitive personal information. Eligible class members are entitled to compensation, including reimbursement for out-of-pocket losses, credit monitoring services, Hanes Site Credits, or alternative cash payments. Affected individuals can visit, https://hanesdatabreachsettlement.com to check their eligibility and file a claim. The deadline to submit claims is January 3, 2025. For more information, visit www.HanesDataBreachSettlement.com or contact Apex Class Action LLC at 1 (800) 355-0700.

IRVINE, Calif., Dec. 18, 2024 /PRNewswire-PRWeb/ — A proposed Settlement has been reached with Hanesbrands Inc. (“HBI”) relating to a sophisticated ransomware attack on HBI discovered by the company in May 2022 (the “Data Incident”). The Data Incident impacted certain personal information (the “PII”), which varies by individual and may have included contact information, date of birth, financial account information, government-issued identification numbers such as drivers’ license numbers, passport information, and Social Security numbers, and other information related to benefits and employment including certain limited health information provided for employment-related purposes.

Who is Included? The Court decided that Class Members are all individuals whose PII was compromised in the ransomware attack against HBI, discovered by HBI on May 24, 2022.

What does the Settlement Provide? The Settlement allows Class Members to claim:

(A) reimbursement for documented out-of-pocket losses related to the Data Incident, AND

(B) to choose between one of three forms of additional relief:

(1) Two-years of credit and identity monitoring services (retail value $599), including up to $1,000,000 in identity theft insurance;

(2) Hanes site credit for a one-time use (within three years) to purchase products for sale on the www.hanes.com website up to the amount of $50 plus free shipping (valued at $6.99), for a total value of $56.99; OR

(3) an alternative cash payment of $35.

There is an aggregate cap of $100,000 on documented out-of-pocket expense reimbursements. There is no cap on the costs necessary to cover valid claims for Credit and Identity Monitoring, Hanes Store Credit, or Alternative Cash Payments. HBI has also agreed to undertake certain remedial measures and enhanced data security measures, and to pay attorneys’ fees of $475,000, costs not to exceed $45,000, and service awards to Plaintiffs in the amount of $1,600 each, if approved by the Court.

How To Get Benefits: You must complete and file a Claim Form online or by mail postmarked by January 3, 2025, including required documentation. You can file your claim online at www.HanesDataBreachSettlement.com.

You may also get a paper Claim Form at the website, or by calling the toll-free number, and submit by mail.

Your Other Options: If you do not want to be legally bound by the Settlement, you must exclude yourself by January 3, 2025. If you do not exclude yourself, you will release any claims you may have against HBI or Released Parties (as defined in the Settlement Agreement) related to the HBI Data Incident, as more fully described in the Settlement Agreement, available at the settlement website. If you do not exclude yourself, you may object to the Settlement by January 3, 2025. Information about how to object can also be found on the Settlement website.

The Final Approval Hearing: The Court has scheduled a hearing in this case (Toussaint, et al. v. HanesBrands, Inc., Case No. 1:22-cv-00879-LCB-LPA, U.S. District Court for the Middle District of North Carolina) for March 10, 2025, to consider: whether to approve the Settlement, Service Awards, attorneys’ fees and expenses, as well as any objections. You or your attorney may attend and ask to appear at the hearing, but you are not required to do so. The hearing may be held remotely, so please check the Settlement website for those details.

More Information: Complete information about your rights and options, as well as the Claim Form, the Long Form Notice, and Settlement Agreement are available at www.HanesDataBreachSettlement.com, or by calling toll free (800) 355-0700.

Media Contact

Sean Hartranft, Apex Class Action LLC, 1 800-355.0700, info@apexclassaction.com, apexclassaction.com

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SOURCE Apex Class Action LLC

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Agoda Deepens Flight Business in India and Korea

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SINGAPORE, Dec. 19, 2024 /PRNewswire/ — Digital travel platform Agoda has reached an additional milestone in expanding their flight business in India and Korea through the International Air Transport Association’s (IATA) accreditation, enabled by the IATA GoGlobal Accreditation achieved by Priceline on behalf of Booking Holdings.

The IATA GoGlobal accreditation is a prestigious certification that underscores both Priceline and Agoda’s commitment to upholding the highest global standards in international travel management. This recognition not only bolsters Priceline and Agoda’s credibility in the travel sector but also simplifies collaboration with global airlines, enabling more seamless service delivery to travelers.

For digital travel platforms like Agoda, IATA accreditation offers a range of benefits, including enhanced trust with customers, access to exclusive travel products, and preferential pricing on airfare and insurance. It also opens doors to a central database of airline schedules, fares, and automated ticketing systems, leading to increased operational efficiency.

“Achieving the IATA certification for the Indian and Korean market as part of our Group’s GoGlobal accreditation is pivotal for us at Agoda,” stated Andrew Smith, Senior Vice President at Agoda. “This certification not only elevates our standing in the global flights arena but also aligns with our mission to help travelers see the world for less by enhancing our service offerings.”

The Group’s IATA GoGlobal accreditation enables Agoda to access a broad range of local content across several markets, including Australia, Hong Kong SAR, India, Indonesia, Japan, Korea, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.

With a vast network of accommodations, flight options, and activities worldwide, Agoda remains committed to delivering value to its users. Supported by its global connections, Agoda is positioned to continue fostering industry advancements while maintaining a user-centric approach.

————————Ends—————————–

About Agoda: Agoda, a digital travel platform, helps anyone see the world for less with its great value deals on a global network of over 4.5M hotels and holiday properties worldwide, plus flights, activities, and more. Agoda.com and the Agoda mobile app are available in 39 languages and supported by 24/7 customer support. 

Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more than 7,000 staff in 27 markets, dedicated to leveraging best-in-class technology to make travel even easier.

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View original content:https://www.prnewswire.com/in/news-releases/agoda-deepens-flight-business-in-india-and-korea-302334941.html

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