Press Release
Press Release
The Asia Pacific holds a significant market portion of the content moderation solutions market share due to the expanding population and increasing Internet penetration in the region. The demographic dividend of developing economies like China, India, and Indonesia and a significant consumer base for digital learning solutions support content moderation demand.
With over 808 million people under the age of 35, or around 66% of the overall population, India has the largest young population in the world. The market for content moderation services witnesses healthy growth due to the growing application of these services in the BFSI, retail, education, healthcare, and other sectors to enhance customer satisfaction and corporate operations. The high automotive production in Asian countries like China, Japan, India, and South Korea further contributes to the market expansion of content moderation solutions.
The development of new tools to promptly remove unauthorised content supports the market growth. In January 2023, Google LLC (NASDAQ: GOOG) announced that it would create a free moderation tool that smaller websites may use to detect and delete terrorist content in response to new laws in the UK and the EU requiring internet businesses to take more action against unlawful information.
The software is being created in collaboration with Tech Against Terrorism, a project supported by the UN that assists internet companies in combating online extremism, and Jigsaw, the research and development branch of the search giant. This decision comes as regulations like the UK's Online Safety Bill and the EU's Digital Services Act, which went into effect in November 2023, require internet businesses to either delete extremist content from their platforms or face fines and other penalties.
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Table: Global Internet Users (% of World Population), 2018-23
The major players in the global content moderation solutions market are Accenture PLC, Microsoft Corporation, Google LLC, Alegion Inc., Appen Limited, Besedo Ltd., and Clarifai, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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