April 24, 2024
Europe creator economy market
Ict

The Europe Creator Economy Market is Capturing Momentum through Social Media trends by 2030

The Europe creator economy market comprises various digital platforms and tools that allow individuals with a creative skill set to earn income by producing and distributing content online. Creators in Europe leverage platforms like YouTube, Facebook, Instagram, and TikTok to share their knowledge, skills, and talents in areas such as design, music, graphic novels, photography and videography with a global audience. The ease of content creation and distribution has enabled individuals to monetize their passions through advertising revenue sharing, subscriptions, merchandise, and paid online courses/ workshops.

The global Europe creator economy market is estimated to be valued at US$ 11.93 Bn in 2024 and is expected to exhibit a CAGR of 9.7% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the Europe creator economy are Nemaura Medical, Inc., MediWise Ltd., Integrity Applications Inc., OrSense, Medtronic Plc, GE Healthcare, Philips Healthcare, Akers Biosciences, Inc., Abbott Laboratories, F. Hoffman-La Roche Ltd., Siemens AG, LifeScan, Inc., Acon Laboratories Inc., Universal Biosensors, Nova Biomedical Corp., Bio-Rad Laboratories Inc., Ercon, Inc., Biacore, Sysmex Corporation, FreeScale Semiconductors, Omnivision Technologies, Inc., Smiths Medical, Analog Devices, Inc., Honeywell International, Inc., LifeSensors, Inc., Johnson & Johnson, Bayer AG, Smiths Detection, TaiDoc Technology Corporation, Efferent Labs, and I-SENS, Inc.

The growing demand for online creative content from Europe’s highly connected population is fueling significant growth opportunities for creators. Individuals across various European countries can leverage their skills and generate alternate income streams through the creator economy. The increasing penetration of affordable smartphones, fast internet connectivity, and online streaming platforms have further accelerated the rise of the creator economy in Europe.

The Europe creator economy is expanding globally as online content is consumed internationally. Leading creator platforms have built large international fan bases which has enabled European creators to earn revenue from audiences outside their home country. Cross-border collaboration opportunities have also emerged, allowing creators to partner with influencers across the world to reach new demographics.

Market Key Trends

The rising popularity of social media platforms among Gen Z and millennials is a key driver for the Europe Creator Economy Market Demand . Creators on Instagram, YouTube and TikTok are able to leverage the powerful network effects of these platforms to grow massive followings organically. Social video content in particular is greatly enhancing experiences for new audiences and driving higher levels of engagement. This evolving social media landscape will continue propelling the creator industry with new opportunities in Europe over the coming years.

Porter’s Analysis

Threat of new entrants: The Creator Economy market in Europe has moderate threat of new entrants due to the presence of established players and requirement of significant investment to enter the market.

Bargaining power of buyers: Buyers have moderate bargaining power due to presence of substitutes and ability to compare prices of different players.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute components from different suppliers.

Threat of new substitutes: Threat of new substitutes is moderate as there is growing demand for advanced Creator Economy solutions.

Competitive rivalry: The market has high competitive rivalry due to presence of major players offering similar products and services.

Geographical Regions

In terms of value, Western Europe dominated the Europe Creator Economy Market in 2024, accounting for the largest share of over 35%. Countries such as UK, Germany, France, and Italy are at the forefront of adopting Creator Economy solutions in the region.

The Eastern Europe region is expected to witness the fastest CAGR of around 12% during the forecast period. Countries including Poland, Russia, and Turkey are investing heavily in developing their digital infrastructure as well as promoting local startups, which is driving the Creator Economy market in Eastern Europe.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it