Growth of Content Moderation Solutions Market Projected to Amplify During 2031
Transparency Market Research delivers key insights on the global content moderation solutions market. In terms of revenue, the global content moderation solutions market is estimated to expand at a CAGR of 13.2% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global content moderation solutions market.
Content
moderation is the process of evaluating texts, images, videos, profiles, and
other content uploaded by users to ensure it does not violate legal, safety,
cultural, or community standards. Content moderation solutions is the practice
of monitoring and applying a pre-determined set of rules and guidelines to
user-generated content in order to determine if the communication (a post, in
particular) is acceptable or not. Content moderation solutions include software
and services.
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Governments
and the public put increasing pressure on both major and small platforms that
host user-generated content to remove problematic information. As a result,
several companies have deployed content moderation technologies, which are
powered by artificial intelligence and machine learning to enhance their
content moderation solutions. These technologies decrease the usage of
time-consuming human moderation. Such factors are also booming the demand for
content moderation solutions across the world.
Content Moderation Solutions Market: Dynamics
In
most countries around the world, cellphones or smartphone ownership tends to
vary based on demographics, including gender, educational level, and age.
Almost every person on the planet is addicted to video games, laptops,
smartphones, and social media, and yet know next-to-nothing about them.
According
to GSMA, mobile technologies and services generated US$ 4.1 Trillion in
economic value added (4.7 percent of global GDP) in 2019. This number is
anticipated to approach US$ 5 Trillion (4.9 percent of GDP) by 2024, as
countries benefit from improved productivity and efficiency brought about by
increased use of mobile services. In the future, 5G technologies are expected
to contribute US$ 2.2 Trillion to the global economy.
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Smartphones
support content offline or online. Offline access enables smartphone users to
save any type of content material such as PDF, PowerPoint, Word, Excel, images,
symbols, and animations, regardless of geographic location. Internet access is
required for content writers or providers to visit websites to meet their
information needs. Research in smartphones has changed the dynamics of learning
activities in various sectors.
Increasing
implementation of numerous technologies together with AI and cloud computing,
along with Internet penetration in various sectors drives the demand for
content moderation solutions.
Rapid
increase in usage of digital devices and the Internet with growth in various
sectors highlights the fact that it plays an important role in the introduction
of digital technologies. All of these factors are expected to drive the global
content moderation solutions market.
Content Moderation Solutions Market: Prominent
Regions
North
America held a dominant share of the global content moderation solutions market
in 2021 due to extensive usage of content moderation services. Moreover,
increasing adoption of cloud-based solutions is expected to boost the content
moderation solutions market. In addition, the Asia Pacific content moderation solutions
market is projected to expand at a CAGR of 14.8% during the forecast period,
owing to a large volume of data generated each day with a very sensitive
rationale behind what should be published and what should not.
Europe
follows North America in terms of share of revenue of the global content
moderation solutions market. An increasing number of enterprises in the region
are expected to adopt digital transformation in the near future to achieve
top-line growth, process digitalization, and for performance management.
Furthermore, South America, MEA, and Asia Pacific are likely to be lucrative
regions for the global content moderation solutions market during the forecast
period.
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Content Moderation Solutions Market: Key Players
Key
players operating in the global content moderation solutions market are
Accenture PLC, Alegion, Inc., Appen Limited, Besedo, Clarifai, Inc., Cogito
Tech LLC., Enhance Business Solutions (EBS), Google, Inc., Microsoft
Corporation, Open Access BPO, Genpact, TaskUs Inc., Concentrix Corporation,
Teleperformance SE, Sutherland Global Services, Inc., and Majorel Group
Luxembourg S.A.
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