India Creator Economy Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
India Creator Economy Market is Segmented By Platform (Video, Audio, Writing, Live Streaming, Others), By Type of Creators (Independent Individual Creators, Commercial/Professional Creators, Influencer Agencies, MCNs, Others), By City Type (Metros, Tier 1 Cities, Tier 2 Cities, Tier 3 Cities and Rural), By End Use (Media & Entertainment, Education, Marketing/Advertising, Consulting, Technology, Others). The report offers the value (in USD Million) for the above-mentioned segments.
India Creator Economy Market Size
Market Size in USD Mn
CAGR22%
| Study Period | 2023 - 2030 |
| Base Year of Estimation | 2022 |
| CAGR | 22% |
| Market Concentration | High |
| Major Players | YourQuote, Pratilipi, Khabri, Kalakaar, Vernacular.ai, Vokal and Among Others. |
please let us know !
India Creator Economy Market Analysis
The India Creator Economy market size was valued at US$ 976.0 million in 2023 and is expected to reach US$ 3,926.2 million by 2030, grow at a compound annual growth rate (CAGR) of 22% from 2023 to 2030.
The creator economy refers to the class of entrepreneurs, influencers, bloggers, artists, and celebrities who monetize their content online across social media platforms like YouTube, Instagram, and TikTok. It allows individuals to earn income in non-traditional ways. The growth in internet and smartphone penetration in India has enabled many creative professionals to showcase their talent and find audiences online.
The key drivers of the creator economy market include rising youth population, growth of regional language internet users, increasing data speeds, and evolving creator tools. By platform, the market is segmented into video, audio, writing, and live streaming. Video content creation is one of the largest and fastest growing segments, aided by the launch of short-form video apps and improving video creation tools.
- Rise of Social Media and Content Platforms - The rapid growth of social media and content platforms like Facebook, Instagram, YouTube, ShareChat, Josh, Moj and others has enabled easy distribution and discovery of creator content. These platforms provide creators access to millions of potential followers. For instance, Indian YouTube channels like BB Ki Vines, Ashish Chanchlani, and Round2Hell etc have grown exponentially owing to the massive reach of the video platform. The easy content creation and sharing experience on both long and short form video apps is enabling many more individuals to start their creator journeys.
- Increasing Internet and Smartphone Penetration - India has witnessed massive growth in internet and smartphone adoption over the last decade. Internet users are expected to reach 1.5 billion by 2030. Similarly, smartphone connections have exceeded 650 million. Affordable data plans have also boosted consumption of online content. This has resulted in digital media becoming the fastest growing segment. These trends indicate a ripe opportunity for creators to find large online audiences for their content. Regional language internet users are also growing at a rapid pace.
- Evolution of Creator Monetization Models - The creator economy is still developing but various monetization models are evolving constantly. Platforms are launching products like YouTube Super Thanks and Super Chat to help creators earn directly from fans. Affiliate marketing programs like the Instagram Shop also enable creators to earn commissions. Brand sponsorships and collaborations are popular in the influencer marketing segment. New startups are also building subscription commerce models, helping creators bundle exclusive content, merchandise and more for recurring revenues.
- Democratization of Professional Content Creation - Advancements in smartphone cameras, editing tools, and production equipment have enabled high quality content creation from the comfort of homes. Earlier, content creation required expensive equipment and training. But even amateur creators can now produce high quality videos, podcasts, songs etc. from their bedrooms. Democratization of content creation is opening the playing field to many first time creators. Educational content around filmmaking, photography, editing, storytelling etc. is also easily available online through creators.
India Creator Economy Market Trends
- Regional and Multilingual Content Gain - English content once dominated the internet but locally relevant vernacular content is rising. Comedic creators like Ashish Chanchlani present humor in relatable contexts. Top creators are collaborating with regional platforms to produce multilingual content. Even global platforms like Spotify are adding more Indian music languages. Regional creators, dialects and subcultures are gaining nationwide prominence.
- Short Form Video Content Consumption - Short video apps have popularized snackable content optimized for mobile screens. Short form content is easier to produce and consume for creators and audiences. Brands are also experimenting with short video ad formats. Consequently, long form video creators are adapting by releasing additional shorts, trailers, reels to drive discovery. Some are compiling short videos into longer YouTube videos. Overall time spent on short form video platforms is rising exponentially.
- Live Audio and Interactive Formats Gain Traction - Creators are expanding beyond static content formats to more interactive experiences through podcasts, live audio rooms, AMA sessions, live shopping etc. Platforms like Clubhouse, Spotify Greenroom, and Twitter Spaces are pushing audio conversations. Startups like Frnd, Good Night Live allow creators to interact with followers. These interactive formats enable closer fan-creator connections.
- Use of AI to Boost Creativity and Efficiency - Creators are leveraging artificial intelligence to enhance their productivity. Tools like Over, Runway, Cloaca help creators ideate new visual content concepts. Other AI apps can create original music, product descriptions, text summaries etc. Automation is assisting creators improve their output quality while saving time on repetitive tasks. Advancements in generative AI will further aid individual creators on tight budgets.
Figure 1. India Creator Economy Market, Country Analysis (US$ Mn), 2023
Competitive overview of India Creator Economy Market
The india creator economy market is competitive and some players in the market which increase the market growth key players YourQuote, Pratilipi, Khabri, Kalakaar, Vernacular.ai, Vokal, Ultra Media & Entertainment, Pocket FM, Krazybee, Social Swag, Qoruz, Vyapaar App, Kutumb, BluSmart Mobility, Beatoven.ai, SimSim, Dunzo.
India Creator Economy Market Leaders
- YourQuote, Pratilipi
- Khabri
- Kalakaar
- Vernacular.ai
- Vokal
India Creator Economy Market - Competitive Rivalry, 2023
India Creator Economy Market
(Dominated by major players)
(Highly competitive with lots of players.)
Recent Developments in India Creator Economy Market
The creator economy in India is experiencing significant growth, driven by the proliferation of digital platforms and the increasing consumption of online content. Platforms such as YouTube, Instagram, and TikTok have empowered creators by providing them with the tools to reach millions of users and monetize their content.
The content generated in India's creator economy is incredibly diverse, spanning entertainment, comedy, education, lifestyle, and more, reflecting the varied interests of India's vast and diverse population. The surge in online content consumption is further fueled by the increasing internet penetration in the country, making digital content more accessible to a larger audience.
Moreover, creators are attracting investment and sponsorship deals, which is contributing to the growth of the creator economy. Brands are recognizing the value of partnering with creators to reach their target audience in a more authentic and engaging way. However, the creator economy also faces challenges such as inconsistent income, platform dependency, and issues related to copyright and content theft. Despite these challenges, the future of the creator economy in India looks promising. With continued investment in digital infrastructure and the growing popularity of online content, the creator economy is poised for continued growth.
- In September 2022, ShareChat launched a new app called Chingari AR to allow creators to create and share augmented reality (AR) videos. This will enable more immersive video content creation.
- In January 2022, Snapchat introduced a new feature called Story Studio that provides creators with editing tools to add music, trims, and animations to their stories. It aims to provide an improved content creation experience.
India Creator Economy Market Segmentation
- By Platform:
-
- Video
- Audio
- Writing
- Live Streaming
- Others
- By Type of Creators:
-
- Independent Individual Creators
- Commercial/Professional Creators
- Influencer Agencies
- MCNs
- Others
- By City type:
-
- Metros
- Tier 1 Cities
- Tier 2 Cities
- Tier 3 Cities and Rural
- By End Use:
-
- Media & Entertainment
- Education
- Marketing/Advertising
- Consulting
- Technology
- Others
Would you like to explore the option of buying individual sections of this report?
Frequently Asked Questions :
What are the key factors hampering growth of the India Creator Economy Market?
High competition, copyright issues, lack of streamlined metrics, limiting algorithms, income fluctuations, lack of infrastructure in small towns, lack of financial literacy among creators.
What are the major factors driving the India Creator Economy Market growth?
Rising internet and smartphone penetration, growth of regional language users, young demographics, evolving creator tools, brand interest in influencer marketing.
Which is the leading component segment in the India Creator Economy Market?
The leading component segment in the India Creator Economy Market is video content creation
Which are the major players operating in the India Creator Economy Market?
YourQuote, Pratilipi, Khabri, Kalakaar, Vernacular.ai, Vokal, Ultra Media & Entertainment, Pocket FM, Krazybee, Kreateurs, Social Swag, Qoruz, Vyapaar App, Kutumb, BluSmart Mobility, Beatoven.ai, SimSim, Dunzo.
What will be the CAGR of India Creator Economy Market?
The India Creator Economy Market is expected to grow at a CAGR of around 22% from 2023 to 2030.
What are the drivers of the India Creator Economy Market?
Increasing internet and smartphone penetration, growth of regional language internet users, young demographics interested in content creation, evolving creator tools, brand interest in influencer marketing.