The Animation Business Journal news website reported on Wednesday that the Digital Content Association of Japan’s 2019 edition of its digital video market report estimates the total worth of the digital video market in Japan as 220 billion yen (about US$2 billion), a 19% increase from last year’s 185 billion yen (about US$1.65 billion).
The Digital Content Association of Japan released the report on Tuesday.
The report also predicts that by 2023, the market worth will be 295 billion yen (about US$2.63 billion).
The rate of increase is higher than both the 12% increase in 2016, and the 13% increase in 2017.