Market Size of Indonesia Digital Media Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.64 Billion |
Market Size (2029) | USD 3.52 Billion |
CAGR (2024 - 2029) | 5.92 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Indonesia Digital Media Market Analysis
The Indonesia Digital Media Market size is estimated at USD 2.64 billion in 2024, and is expected to reach USD 3.52 billion by 2029, growing at a CAGR of 5.92% during the forecast period (2024-2029).
Digital media is the sharing of information through a digital device. Digital media solution providers offer technology-enabled, data-driven digital performance advertising solutions to connect consumers and advertisers. Companies are offering brand-direct and marketplace campaigns to increase consumer access to products, services, promotions, and savings by delivering the right message to the right person at the right time and place.
- Growing demands for marketplace solutions that engage consumers with creative brands have increased the demand for digital media. There is a rising demand for digital performance advertising solutions such as managed services and a suite of proprietary SaaS technology that connect consumers and advertisers.
- The digitization has catalyzed the development of diverse and independent media in Indonesia. Market reforms have led to a radical increase in media outlets, such as television channels and commercial radio stations populated by established brands and new entrants. The rise of the internet and digital technologies transformed the media landscape in Indonesia. The digital revolution brought the rise of online media outlets, providing diverse perspectives.
- The Indonesian government passed the Personal Data Protection (PDP) Law to protect personal data and establish obligations for organizations handling such information. Safeguarding digital privacy is crucial for dignity and freedom of expression, and digital media can raise awareness and promote responsible practices.
- ABC International Development (ABCID) is supporting the Indonesian media sector through the Indonesia Media Development Program, which enhances digital safety and resilience. The goal is to ensure Indonesian digital media's safety and resilience in a rapidly evolving digital landscape.
Indonesia Digital Media Industry Segmentation
Digital media is a communication media that operates with various encoded machine-readable data formats. Digital media blends technology and content and requires teams of professionals with diverse skills, including technical, artistic, analytical, and production coordination skills. Digital media products such as an app on a smartphone, a game on a video game console, and an ultrasound imaging device in a hospital enable and deliver experiences across various end-use verticals.
The Indonesian digital media market is segmented by type (digital music, e-publishing, digital video games, and video-on-demand) and Geography (Java, Sumatra, Kalimantan, and other regions). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Type | |
Digital Music | |
E-publishing | |
Digital Video Games | |
Video-on-Demand |
By Geography | |
Java | |
Sumatra | |
Kalimantan | |
Other Regions |
Indonesia Digital Media Market Size Summary
The Indonesian digital media market is experiencing significant growth, driven by the increasing demand for digital performance advertising solutions and the proliferation of online media outlets. The market is characterized by a diverse range of media channels, including television, radio, and digital platforms, which have expanded due to the rise of the internet and digital technologies. This transformation has led to a more fragmented media landscape, with both established brands and new entrants competing for consumer attention. The government's introduction of the Personal Data Protection Law underscores the importance of digital privacy, while initiatives like the Indonesia Media Development Program aim to enhance digital safety and resilience. The market is also witnessing a surge in digital video gaming, with mobile and cloud gaming trends reshaping the industry, and e-sports gaining mainstream recognition.
In the realm of video on demand (VOD), the proliferation of connected devices and improved internet connectivity have boosted the consumption of OTT services like Netflix, HBO, and Prime Video. These platforms are becoming increasingly popular among Indonesian consumers, contributing significantly to the market's growth. The digital media sector is further energized by strategic partnerships and acquisitions, such as Accenture's acquisition of Jixie and TikTok's investment in GoTo's e-commerce unit. These moves reflect the industry's focus on leveraging innovative solutions to capture the fast-growing digital economy. Key players like Accenture, Microsoft, and Google are actively shaping the market through technological advancements and strategic collaborations, ensuring a competitive landscape that continues to evolve.
Indonesia Digital Media Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Macro-economic Factors and Their Impact on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Digital Music
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2.1.2 E-publishing
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2.1.3 Digital Video Games
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2.1.4 Video-on-Demand
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2.2 By Geography
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2.2.1 Java
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2.2.2 Sumatra
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2.2.3 Kalimantan
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2.2.4 Other Regions
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Indonesia Digital Media Market Size FAQs
How big is the Indonesia Digital Media Market?
The Indonesia Digital Media Market size is expected to reach USD 2.64 billion in 2024 and grow at a CAGR of 5.92% to reach USD 3.52 billion by 2029.
What is the current Indonesia Digital Media Market size?
In 2024, the Indonesia Digital Media Market size is expected to reach USD 2.64 billion.