Newer Technologies likely to Boost Global Content Moderation Solutions Market, Says Fact.MR
Content moderation solutions market has been booming owing to an increase in data generated. Content moderation is still in its nascent stages of development and is expected to enter growth stage by mid-term forecast.
The global content moderation solutions market is prophesized to expand at a double-digit growth of 10.5% CAGR over the projection period, from 2019 to 2029. This immense growth of the global content moderation solutions market is ascribed to the humungous amount of data generated every day.
Generation of Large Amount of Data Paves Way for Rapid Market Growth
As businesses increasingly connect more closely with their existing and prospective consumers, the concept of content moderation is gaining significance and is becoming an important element of online business strategy. Without the presence of a content moderation system in place, enforcement of high standards across all areas of the site is near impossible. A handful of people with vengeance or mischief in mind could ruin brand reputation that has been built over the years.
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Evolution of online Content Bolsters Demand in the Market
The rising need for and type of content moderation is largely dependent on the changing form of online content, which could be either speech or video or both. The task of content moderation also involves image moderation, sentiment moderation, and video moderation. Beside, massive amount of online data that are generated every day is expected to support development of the global content moderation solutions market in the near future.
Asia Pacific to Dominate the Market due to Increased Penetration of Internet
In the global content moderation solutions market, Asia Pacific is likely to emerge as an extremely promising region over the assessment tenure, from 2019 to 2029. Driven by India and China, the content moderation solutions market is expected to rise on the phenomenal penetration of internet and smart devices.
Europe and North America are promising regions for the market as well due to presence well-established regulatory bodies that looks after the content on various platforms.
While concentration of small and medium enterprises has been high in content moderation solutions market, large enterprises have been scaling their capabilities for offering content moderation solutions. Alphabet Inc., HCL Technologies Limited, Wipro, and Alibaba Group Holding Limited have been on forefront.
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