(EMAILWIRE.COM, December 18, 2018 ) The global web content, search portals and social media market, a part of the media industry, grew at a compound annual growth rate (CAGR) of around 11% during the historic period. The media industry showed a steady growth. The period historic period saw technological development as a key driver of the global economy. During this period the value of the NASDAQ index of technology stocks in the US increased around 100%. Areas of rapid technological advances included information technology, electronic equipment, and telecommunications.
In the forecast period, the global web content, search portals and social media market size is expected to be over $900 billion by 2021, growing at a CAGR of nearly 12%. This is expected due to the number of internet users is growing year by year. Various sectors of the population use the internet for various purposes. By 2018, eMarketer estimates, nearly half the world’s population or 3.6 billion people will access the internet. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global web content, search portals and social media market in the future.
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There has been a shift in music streaming from analog to digital. It has helped operators to cut costs by replacing the traditional operational systems using stations or satellites with internet. Also, people are shifting towards streaming music services by using online subscriptions and ad-plans and free services.
Major companies in the web content, search portals and social media market, offering telematics technology include Google, Facebook, Tencent, Baidu, Netflix.
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