There are bright spots however. The corporate digital video market did well up to the last quarter when world economic problems intruded into all markets all over the world. The consumer market was also slow to respond to economic factors and did not really react until the first quarter of 2008.
"The high-end professional market has suffered the most in this economic downturn. Customers for digital video software are tightening their belts and holding off on upgrades. Vendors are also losing some customers to less expensive desktop based systems. In addition, consumers have made it very clear that they are not interested in difficult to use video editing software. The years 2008 and 2009 are going to be remembered as particularly difficult in the DCC markets and especially digital video. However, we do see growth picking up in 2010 and accelerating though 2013. A CAGR of 9% for the periods between 2007-2013 is actually quite respectable," says Kathleen Maher, Vice President Jon Peddie Research and the author of the DCC report series.
About Jon Peddie Research
Jon Peddie Research is a technically oriented multimedia and graphics research and consulting firm. Based in Tiburon, California, JPR provides consulting, research, and other specialized services to technology companies in a variety of fields including computer graphics development, multimedia for professional applications and consumer electronics, high-end computing, and Internet-access product development. Jon Peddie's Digital Content Creation Market study is a report focused on the market activity of 3D modeling, rendering, animation, and visualization.
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