GLOBAL CREATOR ECONOMY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Creator Economy Market, By Platform Type (Video Streaming, Live Streaming, Blogging Platform, eCommerce Platform, Podcasting Platform, Others), By Creative Service (Arts & Crafts, Digital Content, Written Content, Video Production, Photography, Music Production, Others), By Revenue Channel (Advertising, Subscriptions, Tips/Donations, Affiliate Marketing, Selling Products/Merchandise, Brand Partnerships, Others), By End User (Armature Creator, Professional Creator), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jan 2024
Code : CMI6437
Pages :140
Formats :
Excel and PDF
Industry : Information and Communication Technology

Global Creator Economy Market Size and Trends

The global creator economy market size is expected to reach US$ 528.39 billion by 2030, from US$ 127.65 billion in 2023, growing at a CAGR of 22.5% during the forecast period.

Creator Economy Market Trends:

Short-Form Vertical Video: Short-form vertical videos under 60 seconds have exploded on apps like TikTok, YouTube Shorts, and Instagram Reels. Their portrait orientation and length are optimized for smartphone, quick-take content. From challenge videos to vlogs to skits, short-form vertical is the ideal mobile format. These bitesize videos lower barriers to creation and match dwindling viewer attention spans. Their spread represents a paradigm shift in media habits. YouTube reported that over 100 million people watch Shorts each month. Vertical video is the definitive content trend within the creator boom.
Live Streaming: Live streaming has become a popular tool for creators to engage their communities in real-time and generate income. Twitch pioneered video game live streaming. YouTube Live, Instagram Live, and TikTok LIVE enable streaming from phones. Fans reward live authenticity with tips, donations, and loyalty. Streaming concerts, talks, cooking, gaming, chatting, and more allows direct fan connections. The interactive immediacy attracts Gen Z audiences. As 5G spreads, livestream capabilities will grow.
Bite-Sized Content: Alongside short videos, bite-sized content formats like 60-second reels on Instagram and 300-word blog snippets on Medium are surging. These quick pieces of microcontent optimize for limited attention spans. From viral dance videos to digestible infographics to shareable quotes, bite-sized creations spread easily on social feeds. Though lower effort individually, collectively they fuel engagement and conversions when released consistently. The rise of microcontent lowers barriers for casual creators.
Multimedia Collaborations: Collaborations allow creators to cross-pollinate ideas while expanding their audience reach. Co-productions featuring influencers, celebrities, brands, and artists bring together distinct creative strengths and fanbases. YouTube and TikTok collabs combine content niches, (e.g. gaming + beauty). Live streams feature special guests and co-hosts. Spotify playlists blend musicians and genres. Instagram takes on joint causes. As platforms interconnect content worlds, creative collectives flourish.