DCC market to grow to $5 billion in 2012.(NEWS: INDUSTRY)(2007 Digital Content Creation report from Jon Peddie Research)

Jon Peddie Research (JPR) released its "2007 Digital Content Creation Report," which this year focuses on 3D modeling and animation, 2D animation, digital video, graphics and imaging, and audio. According to the research, the total DCC market grew 16 percent from $2.6 billion to reach more than $3 billion in 2006. The fastest growing segments in the future will be interactive development and video, as the Web offers new distribution networks and new programming approaches, such as AJAX, to enable small, compelling applications to be developed that extend the power of individual Web sites.

JPR predicts the market will reach $4.9 billion by 2012, reflecting a compound annual growth rate of 10 percent. "We are seeing big shifts in the digital content creation market. For example, there have been game-changing moves by Adobe with the acquisition of Macromedia and Serious Magic, Autodesk's acquisition of Alias and Colorfront, and Google's acquisition of Sketchup and YouTube. "The changes are good, but companies will have to be nimble to adapt," says Kathleen Maher, senior analyst at Jon Peddie Research and author of the report.

For the short ...