The digital media industry is a huge, vibrant industry that is expected to create $1.3 trillion in economic impact in the next decade.
And that number is expected grow exponentially.
Digital media is the second largest industry in the U.S. after pharmaceuticals.
There are approximately 9.5 billion video views and 18.2 billion text views, according to a recent study by the consulting firm McKinsey & Co. The digital business is expected be the most valuable part of the U,S.
economy in the future.
Digital platforms have evolved over the years to accommodate the growing need for information.
Digital content, whether it is a movie or music or a podcast, is delivered on demand.
It is available to people anywhere in the world and can be viewed at any time.
The digital revolution has created a digital ecosystem of new platforms, new devices, new services, and new ways of working.
The Internet of Things (IoT) is a new and evolving layer of technology that will connect and control all of our digital lives.
In a nutshell, the IoT will connect all of the things in our lives to our smartphones, tablets, and computers.
The industry is not the only one growing.
The video game industry is expected see a 25% increase in revenue in the last decade.
The next generation of video game consoles is expected also to be a huge hit, according the latest research by Ubisoft.
In the film, the movie, television and film industries are expected to grow 10% each year.
The music and music video industry is predicted to increase by 4%.
The video gaming industry is forecast to grow 6%.
The digital music industry is projected to grow 3%.
The book publishing industry is predicting an increase of 20%.
The entertainment and entertainment-related industries are forecast to be the largest in the industry.
These industries are predicted to account for over $100 trillion in gross domestic product by 2050.
According to the McKinsey study, the digital media sector is projected by 2021 to grow at an annual rate of 5.2%.
The study also found that, in 2021, digital media companies will create an additional 4.2 million jobs and provide $3.4 trillion in direct spending to the U of A.
Digital video is expected in the United States to be in the neighborhood of $1 trillion annually.
The U.K. estimates that the digital video market will grow at a rate of 4% annually.
Digital media revenues will reach $2.6 trillion in 2021.
The entertainment industry will grow 7% annually, with the music and video industries growing at 7%.
The movie and television industries will grow 5%.
The video game market is expected increase by 8% annually and will account for $3 trillion of GDP in 2021 and 2024.
The film industry is likely to grow by 6%.
The film and television industry is set to grow an average of 9.8% annually in 2021 alone.
The music and entertainment business is set at an average rate of 3.5% annually with the film industry growing at 6%.
And the book publishing and publishing-related businesses are forecasted to grow a whopping 21% annually each year, with book publishing accounting for over 9% of the economy.
According the McKinseys research, the film and video game industries will account a total of $18 trillion in revenue by 2021.
The book and music publishing industries are projected to earn an estimated $13.2 trillion in 2020.
The book publishing business is forecasted grow an estimated 12% annually by 2021 and be the second-largest source of revenue in 2021 behind the movie and TV industries.
The film, television, and book publishing industries will create more than $30 billion in direct economic activity in 2021 with an estimated net annual loss of $4.4 billion.
The new media industries are set to create an estimated 8.7 million jobs by 2021, with an expected net economic loss of just under $2 billion.
The new media industry’s gross revenue is forecast at $7.4 Trillion.
According McKinsey, the new media companies are set up to create 5.4 million jobs.
In 2021, the music, video, book publishing, and film and music industry will create a combined employment of approximately 5.8 million people.
The next generation digital entertainment is set for a boom in the coming years, as consumers increasingly demand content, experiences, and services that are optimized for the 21st century.
In addition to video game and music, the next generation entertainment is expected create a total gross revenue of $7 trillion by 2021 alone, according McKinsey.
Digital content, particularly digital content from the video game, music, film, and television businesses, is expected by 2021 be the third-largest economic driver in the entertainment industry behind the film business and the book and publishing business.
Digital services are expected by 2020 to generate an estimated 6.4% of gross revenue in 2020 and 6.2% of revenue by 2024.According