Global Digital Human Market – Industry Trends and Forecast to 2031

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Global Digital Human Market – Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Digital Human Market, By Type (Interactive Digital Human, Non-Interactive Digital Human), End User (Personal Use, Education and Training, Healthcare, Retail, Hopsitality, Media and Entertainment, Others) - Industry Trends and Forecast to 2031.

Digital Human Market

Digital Human Market Analysis and Size

The global digital human market is expected to grow at a significant rate in the coming years, as more industries and sectors adopt the use of realistic and interactive digital representations of humans. Digital humans are artificial entities that mimic the appearance, behavior, and communication of real humans, using technologies such as computer graphics, artificial intelligence, and natural language processing. They can be used for various purposes, such as entertainment, education, health care, social interaction, and customer service.

Global Digital Human Market was valued at USD 21.68 billion in 2023 and is expected to reach USD 430.71 billion by 2031, registering a CAGR of 45.30% during the forecast period of 2024-2031. “Interactive digital human” segment accounts the highest market share as it provides personalized and engaging experiences for customers, employees, students, and other users. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable 2016-2021)

Quantitative Units

Revenue in USD billion, Pricing in USD

Segments Covered

Type (Interactive Digital Human and Non-Interactive Digital Human), End User (Personal Use, Education and Training, Healthcare, Retail, Hopsitality, Media and Entertainment, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Soul Machines (New Zealand), Digital Domain (U.S.), UneeQ (New Zealand), Microsoft (U.S.), Hour One (U.S.), Samsung Electronics Co., Ltd. (South Korea), Reallusion Inc. (U.S.), Meta Platforms, Inc. (U.S.), Xsens Technologies B.V. (Netherlands), Daz Production Inc. (U.S.)

Market Opportunities

           

  • Technological advancement such as artificial intelligence
  • Strategic partnership and collaborations among key market players

Market Definition

A digital human is a computer-generated representation of a human being that can interact with real people in a realistic and natural way. Digital humans can be created for various purposes, such as entertainment, education, health care, social media, and customer service. Digital humans can have different levels of realism, from stylized to photorealistic, and different modes of communication, from text to speech to gestures. Digital humans can also have different degrees of autonomy, from scripted to adaptive to intelligent.

Global Digital Human Market Dynamics

Driver

  • Increasing Need for Enhancing Customer Experience

The global digital human market is projected to grow rapidly in the coming years, as more businesses and organizations recognize the value of enhancing their customer experience with realistic and interactive virtual agents. Digital humans can provide personalized, empathetic and consistent service across various channels and domains, improving customer satisfaction, loyalty and retention. Moreover, digital humans can reduce operational costs, increase efficiency and scalability, and create new opportunities for innovation and differentiation. Therefore, the increasing need for better customer experience is expected to drive the growth of global digital human market.

Opportunity

  • Technological Advancements such as AI

One of the factors that could drive the demand for digital humans in various sectors is the rapid development of artificial intelligence (AI) technologies. AI enables digital humans to interact with real humans in a natural and realistic way, as well as to perform complex tasks that require cognitive and emotional skills. AI also allows digital humans to learn from data and feedback, and to improve their performance over time. Therefore, AI is expected to create new opportunities for the growth of the global digital human market in the near future.

Restraint/ Challenge

  • High Research and Development Cost

One of the major factors that may hinder the expansion of the global digital human market is the high cost of research and development. Developing realistic and interactive digital humans requires advanced technologies and expertise, which entail significant investments. The high cost of research and development may limit the accessibility and affordability of digital human solutions, especially for small and medium enterprises.

This market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cloud security market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In July 2023, UneeQ, a leading provider of digital human technology, is thrilled to announce the launch of its groundbreaking SDK. This software development kit (SDK) vastly accelerates how brands deploy AI-powered digital human experiences into digital environments – not least of all in augmented and virtual reality applications, including Apple's cutting-edge Vision Pro

Global Digital Human Market Scope

The market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Interactive Digital Human
  • Non-Interactive Digital Human

End user

  • Personal Use
  • Education and Training
  • Healthcare
  • Retail
  • Hopsitality
  • Media and Entertainment
  • Others

Global Digital Human MarketRegion Analysis/Insights

The market is segmented on the basis of type, end user as referenced above.

The countries covered in the global digital human market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific , Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.

North America consumes the most digital human related services and dominate and fastest growing region in the market, followed by Asia-Pacific and Europe. Increasing investments in research and development in countries such as U.S. and Canada is acting as major driver of the growth of digital human demand in North America region.

The country section of the global digital human market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Digital Human Market Share Analysis

The global digital human market is analyzed, and market size information is provided by country, type and end user. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global digital human market.

Some of the major players operating in the global digital human market are:

  • Soul Machines (New Zealand)
  • Digital Domain (U.S.)
  • UneeQ (New Zealand)
  • Microsoft (U.S.)
  • Hour One (U.S.)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Reallusion Inc. (U.S.)
  • Meta Platforms, Inc. (U.S.)
  • Xsens Technologies B.V. (Netherlands)
  • Daz Production Inc. (U.S.)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The Digital Human Market size will be worth USD 430.71 billion by 2031 during the forecast period.
The Digital Human Market growth rate is 45.30% during the forecast period.
The Increasing Need for Enhancing Customer Experience is the growth driver of the Digital Human Market.
The type and end-user are the factors on which the Digital Human Market research is based.
The major companies in the Digital Human Market are Soul Machines (New Zealand), Digital Domain (U.S.), UneeQ (New Zealand), Microsoft (U.S.), Hour One (U.S.), Samsung Electronics Co., Ltd. (South Korea), Reallusion Inc. (U.S.), Meta Platforms, Inc. (U.S.), Xsens Technologies B.V. (Netherlands), Daz Production Inc. (U.S.).