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GLOBAL DIGITAL LEGACY MARKET

ANALYSIS, 2023 – 2032

THIS REPORT IS EXCLUSIVELY PREPARED


FOR THE SOLE PURPOSE OF INALIFE
GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

Table of Content
CHAPTER NO. 1 : DIGITAL LEGACY MARKET – INDUSTRY ANALYSIS

CHAPTER NO. 2 : COVID 19 IMPACT ANALYSIS

CHAPTER NO. 3 : DIGITAL LEGACY MARKET – BY STORAGE CAPACITY SEGMENT


ANALYSIS

CHAPTER NO. 4 : DIGITAL LEGACY MARKET – BY END USER SEGMENT ANALYSIS

CHAPTER NO. 5 : DIGITAL LEGACY MARKET – BY APPLICATION SEGMENT ANALYSIS

CHAPTER NO. 6 : DIGITAL LEGACY MARKET – REGIONAL ANALYSIS

CHAPTER NO. 7 : DIGITAL LEGACY MARKET – INDUSTRY ANALYSIS

PAGE NO. | 2 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

Chapter No. 1 : Executive Summary

1.1. Global Digital Legacy Market, 2017 – 2032 (USD Billion)


FIG NO. 1. Global Digital Legacy Market Revenue, 2017 – 2032 (USD Billion)

CAGR % (2023-2032) :13.3%

60.7
53.6
47.4
41.9
33.0 37.2
26.0 29.3
19.7 23.1
12.1 15.8
7.0 8.4 10.1
6.3
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Source: Primary Interviews, Custom Market Insights, 2023

The global Digital Legacy Market is expected to record a CAGR of 13.3% from 2023 to 2032.
In 2022, the market size is projected to reach a valuation of USD 15.8 billion. By 2032, the
valuation is anticipated to reach USD 60.6 billion.

The widespread adoption of digital technologies, social media platforms, and online services
has surged the digital footprints. This includes personal pictures, videos, social media posts,
and online transactions. As a result, there is an increased focus on managing and preserving
these digital assets after an individual’s passing. The Digital Legacy Market encompasses
services and solutions focused on managing an individual’s digital assets, online presence,
and digital footprints after their passing. It involves planning, securing access to online
accounts, and preserving digital data for inheritance or personal wishes.

The growing awareness about the significance of digital legacies has propelled digital legacy
services demand. Individuals and families are recognizing the value of preserving digital
memories, intellectual property, and online accounts for sentimental, financial, or legal
reasons. This awareness has driven demand for services that assist in digital asset
management, transfer, and inheritance.

The specialized tools and platforms for managing digital legacy solutions offers facilities such
as digital estate planning, password management, data encryption, and account activation
after death. Technology companies are developing innovative ways to ensure the secure
and seamless transfer of digital assets to designated beneficiaries. Moreover, the evolving

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

legal and regulatory landscape around digital assets and inheritance rights with the
establishment of clearer legal frameworks and guidelines for managing digital legacies has
positively impacted the digital legacy services.

Digital legacies have introduced fresh avenues for commemorating and paying tribute to
their loved ones. Families and friends can now craft online memorials, dedicated websites,
and virtual spaces that celebrate their loved ones' lives and achievements. This modern
approach enables a dynamic and interactive means of remembrance, allowing for a lasting
and meaningful connection with those who have passed away. Moreover, as the digital
legacy market expands, concerns about data privacy, security, and ethical considerations
have come to the forefront. To ensure the secure storage, transfer, and management of
sensitive digital assets, market players are focusing on addressing these concerns through
robust encryption, authentication mechanisms, and adherence to privacy regulations.

The digital legacy provides valuable support to content creators, artists, influencers, and
bloggers by ensuring their creative legacies endure. As these individuals leave behind a vast
digital footprint, encompassing their artistic endeavors and online engagements, the digital
legacy offers tailored solutions. It enables organized management and transfer of digital
assets, such as artworks, videos, and written content, ensuring their continued impact even
after they pass away. By addressing the unique needs of these online creators, the digital
legacy ensures that their creative work remains accessible and relevant, preserving their
influence and contributions to future audiences.

Apart from individual digital legacies, businesses, and organizations are also recognizing the
need to manage their digital assets and online presence for continuity and compliance
purposes. As businesses increasingly operate and communicate within the digital realm,
they accumulate substantial digital assets, intellectual property, and online presence. The
need to safeguard and transfer these assets seamlessly has led to the adoption of
specialized digital legacy solutions. Corporate entities, recognizing the importance of
preserving their digital footprint, are fueling demand for services that offer secure storage,
controlled access, and organized management of their digital legacies.

Consumers are increasingly seeking personalized and customized solutions for managing
their digital legacies. Service providers are offering a range of options to accommodate
individual preferences, such as deciding who can access specific digital assets, drafting
farewell messages, or even deleting online accounts after death. Moreover, as younger
generations become more digitally native, they are proactively addressing their digital
legacies and incorporating digital asset planning into their estate plans. This growing desire

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

has led to an increased demand for websites that ensure the secure preservation and
seamless transfer of digital belongings. These shifts drive demand for platforms that
safeguard digital assets and ensuring smooth inheritance.

On the basis of the storage capacity, the digital legacy market is segmented into upto 500
MB, 500 MB to 5 GB, 5GB to 10 GB, and upto 30 GB. The upto 500 MB segment dominated
the market in 2022 since this segment aligns well with the needs and preferences of a wide
range of users, including individuals who are conscious of their digital footprints but may
not have extensive digital assets.

On the basis of the end user the digital legacy market is further bifurcated into individual,
group, and family. The group segment is expected to witness the highest growth during the
forecast period owing to it meet the specific challenges that organizations face when
dealing with management of their digital legacy are provided on digitization platforms
targeted for a group segment.

Based on the application segment the market includes media, entertainment, healthcare,
and others. The entertainment segment is expected to grow at a highest CAGR owing to the
rising need to manage and organize data by creators and influencers.

Region-wise the market is studied across North America, Latin America, Asia-Pacific, Europe,
and Middle East & Africa. North America dominated the market in 2022 since individuals are
increasingly getting aware about the need to plan the digital legacy.

1.2. Key Takeaways

 By storage capacity, the 500 MB to 5 GB segment dominated the market in 2017,


accounting for a revenue share of 32.2% and is expected to reach $19,565.0 million
by 2032, growing at a CAGR of 13.3%, from 2023 to 2032.
 By end user, the individual segment dominated the market in 2017, accounting for a
revenue share of 55.3% and is expected to reach $34,697.6 million by 2032, growing
at a CAGR of 13.6%, from 2023 to 2032.
 By application, the media segment dominated the market in 2017, accounting for a
revenue share of 35.1% and is expected to reach $20,674.6 million by 2032, growing
at a CAGR of 13.1%, from 2023 to 2032.
 Region-wise, North America was the leading segment in 2017, garnering a revenue
share of 38.3%. U.S. was the largest digital legacy market in the globe in 2017 and is

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

expected to reach $20,561.6 million by 2032, growing at a CAGR of 13.3% from 2023
to 2032.

Chapter No. 2 : COVID 19 Impact Analysis

2.1. Impact Assessment of COVID-19 Pandemic, By Region


FIG NO. 2. Impact COVID-19 on the Digital Legacy Market Revenue Growth (%)

Y-o-Y Growth Rate (%), 2018 to 2032


30.5%

24.5%
20.3% 20.5%

10.8%

2018 2020 2021 2022 2023


Source: Primary Interviews, Custom Market Insights, 2023

Impact of COVID-19 on the Digital Legacy Market:

 Acceleration of Digital Adoption: The COVID-19 pandemic accelerated the adoption


of digital technologies across various aspects of life, including online communication,
content creation, and virtual interactions. This surge in digital activity led to an even
greater accumulation of digital assets and content, intensifying the need for
managing and preserving digital legacies.
 Awareness and Reflection: The pandemic prompted individuals to reflect on their
mortality and the legacy they would leave behind, leading to an increased awareness
of the importance of digital legacy planning. This awareness, coupled with the
limitations on physical gatherings and memorial events, contributed to a heightened
interest in digital memorialization and online tribute platforms.

Recovery of the Digital Legacy Market from COVID-19:

 Innovative Virtual Memorials: To recover from the pandemic's impact, the digital
legacy market is focusing on offering innovative virtual memorialization solutions.
These platforms enable individuals and families to create meaningful online
memorials, virtual ceremonies, and interactive spaces to honor and remember their
loved ones.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

 Enhanced Data Security: As concerns about data security and privacy grew during
the pandemic, digital legacy service providers are placing a stronger emphasis on
robust encryption, secure authentication, and privacy controls. By addressing these
concerns, they are rebuilding trust and confidence in using digital platforms for
legacy management.
 Digital Estate Planning Services: The recovery involves an increased focus on digital
estate planning services, helping individuals organize and designate their digital
assets for inheritance. This includes providing tools for managing passwords,
specifying asset distribution, and outlining wishes for digital content posthumously.
 Educational Outreach: Recognizing the changing landscape due to the pandemic, the
digital legacy market is engaging in educational outreach efforts. These initiatives
aim to raise awareness about the importance of digital legacy planning and provide
guidance on utilizing digital tools for preserving memories, assets, and personal
narratives.

PAGE NO. | 7 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

Chapter No. 3 : Digital Legacy Market By Storage Capacity

3.1. Digital Legacy Market Revenue Share (%), By Storage


Capacity, 2023 & 2032
FIG NO. 3. Digital Legacy Market Revenue Share, By Storage Capacity, 2023 & 2032

Up-to 500 MB Up-to 500 MB


15.5% 15.3%
31.5% 32.1%
500 MB to 5 GB 500 MB to 5 GB

20.8% 2023 20.3% 2032


5 GB to 10 GB 5 GB to 10 GB

32.2% 32.3%
Up-to 30 GB Up-to 30 GB

Source: Primary Interviews, Custom Market Insights, 2023

3.2. Key Findings

 The Up-to 500 MB segment market size was valued at $1,950.1 million in 2017 and is
expected to reach at $19,498.4 million by 2032, growing at a CAGR of 13.6% from
2023 to 2032.
 The 500 MB to 5 GB segment market size was valued at $2,022.1 million in 2017 and
is expected to reach $19,565.0 million by 2032, growing at a CAGR of 13.3% from
2023 to 2032.
 The 5 GB to 10 GB segment market size was valued at $1,326.9 million in 2017 and is
expected to reach $12,333.7 million by 2032, growing at a CAGR of 13.0% from 2023
to 2032.
 The Up-to 30 GB segment market size was valued at $982.0 million in 2017 and is
expected to reach at $9,259.3 million by 2032, growing at a CAGR of 13.1% from
2023 to 2032.

PAGE NO. | 8 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

3.3. Up-to 500 MB


3.3.1. Digital Legacy Market Revenue and Forecast for Up-to 500 MB, By
Region, 2017-2032 (USD Million)

The digital legacy market for Up-to 500 MB was valued at $4,969.2 million in 2022, and is
projected to reach $19,498.4 million by 2032, registering a CAGR of 13.6% from 2023 to
2032. North America was the highest revenue contributor with $1,870.3 million in 2022, and
is estimated to reach $7,523.8 million by 2032, with a CAGR of 13.9%. Europe is estimated
to reach $4,972.1 million by 2032, at a significant CAGR of 12.8% during the forecast period.

TABLE NO. 1. : Digital Legacy Market Revenue for Up-to 500 MB, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 724.9 807.7 974.7 1,178.1 1,426.4 1,870.3 2,339.5 2,762.2 3,119.6
Europe 548.5 605.7 724.4 867.8 1,041.3 1,353.3 1,677.6 1,962.9 2,197.1
Asia Pacific 428.4 478.0 577.5 699.0 847.5 1,112.7 1,393.7 1,647.6 1,863.3
Latin America 200.7 222.8 268.0 322.7 389.4 508.8 634.2 746.1 839.6
Middle-East 47.7 53.2 64.4 78.0 94.6 124.1 155.4 183.5 207.3
and Africa
TOTAL 1,950.1 2,167.5 2,609.0 3,145.6 3,799.1 4,969.2 6,200.4 7,302.3 8,226.9

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)
North America 3,526.9 3,991.3 4,521.5 5,127.4 5,820.5 6,614.1 7,523.8 13.9%
Europe 2,461.5 2,760.6 3,099.1 3,482.5 3,917.4 4,411.1 4,972.1 12.8%
Asia Pacific 2,109.2 2,390.0 2,710.9 3,078.0 3,498.3 3,980.1 4,533.0 14.0%
Latin America 945.8 1,066.5 1,203.9 1,360.3 1,538.6 1,742.0 1,974.4 13.5%
Middle-East and 234.3 264.9 299.8 339.5 384.7 436.3 495.0 13.7%
Africa
TOTAL 9,277.8 10,473.4 11,835.2 13,387.7 15,159.5 17,183.6 19,498.4 13.6%
Source: Primary Interviews, Custom Market Insights, 2023

3.3.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for Up-to 500 MB was valued at $4,969.2 million in 2022, and is
projected to reach $19,498.4 million by 2032, registering a CAGR of 13.6% from 2023 to
2032. U.S. was the highest revenue contributor to the Up-to 500 MB segment, with $2,083.3
million in 2023, and is estimated to reach $6,785.3 million by 2032. China is estimated to
reach $1,432.6 million by 2032, at a highest CAGR during the forecast period during the
forecast period. However, Canda and Germany estimated to reach $465.0 and $1,215.3
million by 2023.

PAGE NO. | 9 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 4. Comparative Revenue Analysis of Digital Legacy Market for Up-to 500 MB, by Country
6,785.3 Revenue (USD Million) 2023 & 2032

2023 2032

1,215.3

675.3

1,432.6
610.4

509.0

574.8

206.1
582.2
375.7

367.0

592.7

777.3

68.6
2,083.3

294.7
465.0

273.5

443.3
410.1

246.1
237.0

204.8

178.7

177.9
169.9

170.0
161.7

125.2

113.7

98.7
94.5

63.3

22.7
Source: Custom Market Insights Analysis 2023

3.3.3. Key Market Trends, Growth Factors, & Opportunities

Up-to 500 MB category typically includes small-sized digital assets such as documents,
images, and basic media files, which can be efficiently managed using basic cloud storage
solutions and file-sharing platforms.

 Content Curation: Smaller storage capacities encourage users to curate and carefully
select the most significant digital assets for preservation. This trend focuses on
quality over quantity, leading to more thoughtful and meaningful choices.
 Mobile-Friendly Solutions: With the increasing use of smartphones for capturing and
storing memories, digital legacy services are adapting to provide mobile-friendly
interfaces and apps that facilitate easy content uploading and management.

PAGE NO. | 10 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

3.4. 500 MB to 5 GB
3.4.1. Digital Legacy Market Revenue and Forecast for 500 MB to 5 GB, By
Region, 2017-2032 (USD Million)

The digital legacy market for 500 MB to 5 GB was valued at $5,097.9 million in 2022, and is
projected to reach $19,565.0 million by 2032, registering a CAGR of 13.3% from 2023 to
2032. North America was the highest revenue contributor with $2,137.5 million in 2022, and
is estimated to reach $8,192.2 million by 2032, with a CAGR of 13.3%. Europe is estimated
to reach $5,294.3 million by 2032, at a significant CAGR of 12.9% during the forecast period.

TABLE NO. 2. : Digital Legacy Market Revenue for 500 MB to 5 GB, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 848.3 940.8 1,129.9 1,359.2 1,637.9 2,137.5 2,661.0 3,126.6 3,514.3
Europe 578.6 639.4 765.2 917.2 1,101.3 1,432.0 1,776.3 2,079.7 2,329.2
Asia Pacific 400.7 446.8 539.4 652.4 790.4 1,037.0 1,297.8 1,533.1 1,732.4
Latin America 158.6 175.8 211.1 253.8 305.8 398.9 496.4 583.0 655.0
Middle-East 35.8 40.0 48.3 58.4 70.7 92.6 115.8 136.5 154.0
and Africa
Total 2,022.1 2,242.8 2,693.9 3,241.1 3,906.0 5,097.9 6,347.2 7,458.9 8,384.9

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)
North America 3,954.0 4,453.1 5,020.3 5,665.4 6,399.9 7,237.1 8,192.2 13.3%
Europe 2,611.2 2,930.3 3,291.6 3,701.2 4,166.0 4,694.0 5,294.3 12.9%
Asia Pacific 1,959.6 2,218.7 2,514.7 2,852.9 3,240.0 3,683.4 4,191.8 13.9%
Latin America 736.7 829.3 934.6 1,054.3 1,190.5 1,345.7 1,522.8 13.3%
Middle-East and 173.8 196.2 221.7 250.7 283.7 321.2 363.9 13.6%
Africa
9,435.2 10,627.6 11,982.8 13,524.5 15,280.1 17,281.4 19,565.0 13.3%
Total

Source: Primary Interviews, Custom Market Insights, 2023

3.4.2. Comparative Revenue Analysis, By Country, 2023 & 2032

FIG NO. 5. Comparative Revenue Analysis of Digital Legacy Market for 500 MB to 5 GB, by Country
Revenue (USD Million) 2023 & 2032

The digital legacy market for 500 MB to 5 GB was valued at $5,097.9 million in 2022, and is
projected to reach $19,565.0 million by 2032, registering a CAGR of 13.3% from 2023 to
2032. U.S. was the highest revenue contributor to the 500 MB to 5 GB segment, with
$2,315.7 million in 2023, and is estimated to reach $7,262.4 million by 2032. China is
estimated to reach $1,667.3 million by 2032, at a highest CAGR during the forecast period

PAGE NO. | 11 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

during the forecast period. However, Canda and Germany estimated to reach $623.5 and
$1,455.3 million by 2023.
7,262.4

2023 2032

1,455.3

1,667.3
790.4

708.4

663.2

482.4

153.8
313.6

475.2

298.9

476.3
2,351.7

52.0
623.0

243.7
623.5

306.4

514.0
478.2

272.1

234.9

223.5
200.0

199.1
150.2

147.0
141.4
109.3

105.0

93.7

80.2

47.0

17.3
Source: Custom Market Insights Analysis 2023

3.4.3. Key Market Trends, Growth Factors, & Opportunities

500 MB to 5 GB range encompass more substantial files, like videos and high-resolution
images, necessitating more robust cloud storage options with enhanced security features
and seamless synchronization across devices.

 Rich Multimedia Archives: Users are curating extensive multimedia archives within
this size range, encompassing photos, videos, audio recordings, and documents. This
trend emphasizes a comprehensive representation of personal and family histories.
 Interactive Digital Memorials: Digital legacies in this range are increasingly
interactive, integrating videos, audio messages, and interactive elements into
memorial platforms. This approach offers a dynamic and engaging way to remember,
and honour loved ones.
 Narrative-driven Storytelling: Content within this range is often organized into
narrative-driven storytelling formats. Users are curating sequences of media that
chronicle life events, accomplishments, and personal anecdotes, enhancing the
storytelling aspect of their legacies.

PAGE NO. | 12 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

3.5. 5 GB to 10 GB
3.5.1. Digital Legacy Market Revenue and Forecast for 5 GB to 10 GB, By
Region, 2017-2032 (USD Million)

The digital legacy market for 5 GB to 10 GB was valued at $3,298.9 million in 2022, and is
projected to reach $12,333.7 million by 2032, registering a CAGR of 13.0% from 2023 to
2032. North America was the highest revenue contributor with $1,175.5 million in 2022, and
is estimated to reach $4,253.3 million by 2032, with a CAGR of 12.7%. Europe is estimated
to reach $3,924.8 million by 2032, at a significant CAGR of 13.2% during the forecast period.

TABLE NO. 3. : Digital Legacy Market Revenue for 5 GB to 10 GB, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025

North America 480 529 632 756 906 1,175.


.2 .5 .2 .2 .0 5 1,455.0 1,699.7 1,899.5

Europe 413 457 548 659 793 1,034.


.0 .5 .8 .4 .6 5 1,286.4 1,509.9 1,695.3

Asia Pacific 301 335 403 486 588 769 960.


.6 .3 .7 .8 .1 .4 3 1,131.4 1,275.0

Latin America 112 123 146 174 208 270 333. 388. 433.
.0 .2 .6 .9 .9 .3 6 6 1
Middle-East 20 22 26 31 37 49 60. 71. 79.
and Africa .1 .1 .4 .6 .9 .2 8 0 2

Total 1,326. 1,467. 1,757. 2,108. 2,534. 3,298.


9 6 8 9 5 9 4,096.1 4,800.6 5,382.1

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)

North America 2,124.9 2,379.4 2,667.1 2,992.5 3,361.1 3,779.0 4,253.3 12.7%
Europe 1,905.4 2,143.7 2,414.3 2,721.9 3,071.8 3,470.4 3,924.8 13.2%
Asia Pacific 1,438.4 1,624.4 1,836.3 2,078.0 2,354.1 2,669.7 3,030.8 13.6%
Latin America 483.1 539.4 602.9 674.6 755.6 847.2 950.9 12.3%
Middle-East and 88.4 98.8 110.5 123.6 138.4 155.1 173.9 12.4%
Africa
6,040.2 6,785.7 7,631.1 8,590.7 9,681.1 10,921.4 12,333.7 13.0%
Total

Source: Primary Interviews, Custom Market Insights, 2023

PAGE NO. | 13 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

3.5.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for 5 GB to 10 GB was valued at $3,298.9 million in 2022, and is
projected to reach $12,333.7 million by 2032, registering a CAGR of 13.0% from 2023 to
2032. U.S. was the highest revenue contributor to the 5 GB to 10 GB segment, with $1,280.9
million in 2023, and is estimated to reach $3,748.4 million by 2032. China is estimated to
reach $1,239.3 million by 2032, at a highest CAGR during the forecast period during the
forecast period. However, Canda and Germany estimated to reach $115.6 and $1,161.5
million by 2023.

FIG NO. 6. Comparative Revenue Analysis of Digital Legacy Market for 5 GB to 10 GB, by Country
Revenue (USD Million) 2023 & 203
3,748.4

2023 2032
1,161.5

1,239.3
656.5

616.5

378.2

346.5

345.3

363.9
238.4

199.3
1,280.9

429.1

25.6
79.3
151.4
351.6

153.3

369.9
364.2

215.1

196.8

145.4
119.2

115.9
115.6

114.6
108.0
83.8

67.5
58.5

53.2

26.4

9.3
Source: Custom Market Insights Analysis 2023

3.5.3. Key Market Trends, Growth Factors, & Opportunities

5 GB to 10 GB category covers larger data files, including extensive media libraries and
documents, requiring advanced cloud storage and organization solutions that offer scalable
capacities, efficient data management, and data encryption for added protection.

 High-Definition Preservation: The increased capacity allows for the preservation of


high-definition media, ensuring that videos and images retain their quality over time.
This trend emphasizes the importance of visual fidelity in capturing and sharing
cherished memories.
 Interactive Family Archives: Families are collaboratively building extensive digital
archives within this size range. Multiple generations contribute to a shared
repository of memories, fostering a sense of continuity, connection, and a
comprehensive family legacy.
 Virtual Time Capsules: Users are creating digital time capsules by curating diverse
content reflecting a specific period or milestone. These capsules offer a glimpse into
a particular era, enabling future generations to explore and connect with the past.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

3.6. Up-to 30 GB
3.6.1. Digital Legacy Market Revenue and Forecast for Up-to 30 GB, By
Region, 2017-2032 (USD Million)

The digital legacy market for Up-to 30 GB was valued at $2,459.3 million in 2022, and is
projected to reach $9,259.3 million by 2032, registering a CAGR of 13.1% from 2023 to 2032.
North America was the highest revenue contributor with $865.6 million in 2022, and is
estimated to reach $3,074.0 million by 2032, with a CAGR of 12.7%. Europe is estimated to
reach $2,052.6 million by 2032, at a significant CAGR of 13.3% during the forecast period.

TABLE NO. 4. : Digital Legacy Market Revenue for Up-to 30 GB, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 354.8 391.0 466.7 557.8 667.8 865.6 1,070.3 1,248.7 1,393.5
Europe 211.7 234.9 282.3 339.7 409.5 534.6 665.7 782.4 879.6
Asia Pacific 258.7 288.0 347.2 419.3 507.2 664.4 830.2 979.0 1,104.4
Latin America 129.1 143.1 171.7 206.4 248.4 323.8 402.6 472.5 530.4
Middle-East 27.7 30.9 37.2 44.9 54.2 70.9 88.5 104.1 117.1
and Africa
Total 982.0 1,087.9 1,305.1 1,568.1 1,887.1 2,459.3 3,057.2 3,586.8 4,025.1

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)
North America 1,556.4 1,739.7 1,946.2 2,179.1 2,441.8 2,738.6 3,074.0 12.4%
Europe 989.9 1,115.1 1,257.3 1,419.1 1,603.3 1,813.1 2,052.6 13.3%
Asia Pacific 1,247.1 1,409.5 1,594.7 1,805.9 2,047.0 2,322.8 2,638.2 13.7%
Latin America 596.0 670.3 754.5 850.2 958.9 1,082.5 1,223.3 13.1%
Middle-East and 131.8 148.4 167.2 188.5 212.7 240.1 271.2 13.3%
Africa
Total 4,521.2 5,083.0 5,720.0 6,442.8 7,263.7 8,197.1 9,259.3 13.1%

Source: Primary Interviews, Custom Market Insights, 2023

3.6.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for Up-to 30 GB was valued at $2,459.3 million in 2022, and is
projected to reach $9,259.3 million by 2032, registering a CAGR of 13.1% from 2023 to 2032.
U.S. was the highest revenue contributor to the Up-to 30 GB segment, with $952.6 million in
2023, and is estimated to reach $2,765.5 million by 2032. China is estimated to reach $469.8
million by 2032, at a highest CAGR during the forecast period during the forecast period.
However, Canda and Germany estimated to reach $200.7 and $508.3 million by 2023.

PAGE NO. | 15 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 7. Comparative Revenue Analysis of Digital Legacy Market for Up-to 30 GB, by Country
2,765.5 Revenue (USD Million) 2023 & 2032

2023 2032

420.0
231.6

416.6
231.6

406.7
284.2

525.9
508.3

256.1
178.0

114.4
194.4
469.8

39.5
200.7
952.6

107.8

171.3
143.2

138.4

135.1

130.4
126.7
97.0

82.5
78.8
75.6

69.3

66.3
56.5
42.1

35.6

13.5
Source: Custom Market Insights Analysis 2023

3.6.3. Key Market Trends, Growth Factors, & Opportunities

Up to 30 GB range are extensive and involve complex data sets or multimedia archives,
demanding specialized cloud storage services with comprehensive data backup, easy
retrieval, and reliable data retention to ensure seamless access and management of these
valuable assets.

 Rich Multimedia Archives: Users are curating extensive multimedia archives,


including high-definition videos, audio recordings, 3D models, and comprehensive
document collections. This trend reflects a desire to capture life's intricacies in vivid
detail, preserving a comprehensive digital representation.
 Extended AR Experiences: This segment sees an upsurge in augmented reality (AR)
applications. Users are developing AR-enhanced content that overlays digital
elements onto the physical world, enabling dynamic and interactive experiences for
memorialization and storytelling.

PAGE NO. | 16 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

Chapter No. 4 : Digital Legacy Market – By End User

4.1. Digital Legacy Market Revenue Share (%), By End User,


2023 & 2032
FIG NO. 8. Digital Legacy Market Revenue Share, By End User, 2023 & 2032

Individual Individual
18.6% 17.1%

2023 Group 2023 Group


56.0% 57.2%
25.4% 25.7%

Family Family

Source: Primary Interviews, Custom Market Insights, 2023

4.2. Key Findings

 The Individual segment market size was valued at $3,472.9 million in 2017 and is
expected to reach at $34,697.6 million by 2032, growing at a CAGR of 13.6% from
2023 to 2032.
 The Group segment market size was valued at $1,584.1 million in 2017 and is
expected to reach at $15,566.4 million by 2032, growing at a CAGR of 13.4% from
2023 to 2032.
 The Family segment market size was valued at $1,224.1 million in 2017 and is
expected to reach at $10,392.5 million by 2032, growing at a CAGR of 12.3% from
2023 to 2032.

PAGE NO. | 17 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

4.3. Individual
4.3.1. Digital Legacy Market Revenue and Forecast for Individual,
By Region, 2017-2032 (USD Million)

The digital legacy market for individual was valued at $8,849.9 million in 2022, and is
projected to reach $34,697.6 million by 2032, registering a CAGR of 13.6% from 2023 to
2032. North America was the highest revenue contributor with $3,370.8 million in 2022, and
is estimated to reach $13,087.1 million by 2032, with a CAGR of 13.5%. Europe is estimated
to reach $9,360.2 million by 2032, at a significant CAGR of 13.3% during the forecast period.

TABLE NO. 5. : Digital Legacy Market Revenue, By Individual, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 1,329.3 1,476.1 1,775.0 2,138.1 2,579.7 3,370.8 4,201.7 4,943.4 5,563.5
Europe 972.9 1,078.7 1,295.2 1,557.7 1,876.6 2,448.4 3,047.2 3,579.6 4,022.4
Asia Pacific 767.8 857.5 1,037.2 1,256.7 1,525.1 2,004.4 2,513.1 2,974.0 3,366.6
Latin America 329.6 366.0 440.1 530.1 639.6 835.8 1,041.9 1,225.8 1,379.5
Middle-East 73.3 81.9 99.0 119.8 145.2 190.5 238.4 281.4 317.7
and Africa
Total 3,472.9 3,860.2 4,646.6 5,602.4 6,766.2 8,849.9 11,042.2 13,004.1 14,649.7

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)

North America 6,267.6 7,067.9 7,978.3 9,015.2 10,197.3 11,546.2 13,087.1 13.5%

Europe 4,524.5 5,094.4 5,741.7 6,477.9 7,316.0 8,270.9 9,360.2 13.3%


Asia Pacific 3,814.9 4,327.1 4,913.1 5,584.0 6,353.1 7,235.5 8,249.0 14.1%
Latin America 1,554.1 1,752.6 1,978.3 2,235.4 2,528.5 2,863.0 3,245.1 13.5%
Middle-East and 358.9 405.7 458.9 519.4 588.3 666.8 756.3 13.7%
Africa
16,520.0 18,647.6 21,070.3 23,832.0 26,983.1 30,582.3 34,697.6 13.6%
Total

Source: Primary Interviews, Custom Market Insights, 2023

4.3.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for individual was valued at $8,849.9 million in 2022, and is
projected to reach $34,697.6 million by 2032, registering a CAGR of 13.6% from 2023 to
2032. U.S. was the highest revenue contributor to the individual segment, with $3,725.1
million in 2023, and is estimated to reach $11,683.1 million by 2032. China is estimated to
reach $2,730.5 million by 2032, at a highest CAGR during the forecast period during the
forecast period. However, Canda and Germany estimated to reach $933.4 and $2,453.6
million 2023.

PAGE NO. | 18 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 9. Comparative Revenue Analysis of Digital Legacy Market for Individual, by Country Revenue
11,683.1 (USD Million) 2023 & 2032

2023 2032

1,354.3

1,266.6
2,453.6

1,055.7
2,730.5

1,061.4

1,046.5

1,338.8
995.0

106.4
323.0
690.4

633.0
3,725.1

511.9
933.4

470.6

816.2
775.0

451.8

423.6
404.0

327.1
320.6

316.9
311.3
309.3

228.7

198.2
167.3

168.3

98.2

35.2
Source: Custom Market Insights Analysis 2023

4.3.3. Key Market Trends, Growth Factors, & Opportunities

Individual end users in the Digital Legacy Market refer to single individuals who seek to
manage their digital assets and online presence for their own personal legacy.

 Digital Estate Planning: With the increasing importance of digital assets, individuals
are focusing on robust digital estate planning. They are seeking ways to securely
transfer digital possessions, including cryptocurrencies, online accounts, and
intellectual property, to designated beneficiaries.
 Personalized Storytelling: A growing trend involves individuals using their digital
legacies as platforms for personalized storytelling. They are creating narratives that
encompass life journeys, achievements, and values, allowing them to share their
unique perspectives and life lessons with future generations.
 Growing individual needs to manage and preserve a wide range of online accounts,
such as social media profiles, email accounts, cloud storage, digital photographs,
videos, documents, financial records, and other digital material. Moreover,
Increasing number of social media users across platforms such as Tik-Tok, YouTube,
Meta, Instagram, and others

PAGE NO. | 19 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

4.4. Group
4.4.1. Digital Legacy Market Revenue and Forecast for Group, By Region,
2017-2032 (USD Million)

The digital legacy market for group was valued at $4,014.4 million in 2022, and is projected
to reach $15,566.4 million by 2032, registering a CAGR of 13.4% from 2023 to 2032. North
America was the highest revenue contributor with $1,553.5 million in 2022, and is estimated
to reach $5,969.5 million by 2032, with a CAGR of 13.3%. Europe is estimated to reach
$4,113.1 million by 2032, at a significant CAGR of 13.1% during the forecast period.

TABLE NO. 6. : Digital Legacy Market Revenue for Group, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 615.8 683.1 820.6 987.4 1,190.1 1,553.5 1,934.4 2,273.5 2,556.1
Europe 435.4 482.2 578.2 694.6 835.7 1,089.0 1,353.8 1,588.3 1,782.7
Asia Pacific 347.2 387.5 468.2 566.7 687.1 902.2 1,130.1 1,336.1 1,511.1
Latin America 152.4 169.0 202.9 244.1 294.1 383.7 477.6 561.1 630.6
Middle-East 33.3 37.1 44.8 54.2 65.6 85.9 107.4 126.7 142.8
and Africa
Total 1,584.1 1,758.8 2,114.7 2,546.9 3,072.6 4,014.4 5,003.3 5,885.7 6,623.2

2026 2027 2028 2029 2030 2031 2032 CAGR %


(2023-
REGION
2032)

North America 2,876.6 3,240.6 3,654.2 4,124.9 4,660.9 5,272.1 5,969.5 13.3%

Europe 2,002.8 2,252.3 2,535.4 2,857.0 3,222.7 3,638.9 4,113.1 13.1%


Asia Pacific 1,710.7 1,938.5 2,199.0 2,496.9 2,838.1 3,229.2 3,678.1 14.0%
709.4 798.8 900.4 1,016.0 1,147.6 1,297.5 1,468.6 13.3%
Latin America

Middle-East 161.1 181.9 205.5 232.4 262.9 297.6 337.1 13.6%


and Africa
Total 7,460.5 8,412.1 9,494.5 10,727.1 12,132.1 13,735.3 15,566.4 13.4%
Source: Primary Interviews, Custom Market Insights, 2023

4.4.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for group was valued at $4,014.4 million in 2022, and is projected
to reach $15,566.4 million by 2032, registering a CAGR of 13.4% from 2023 to 2032. U.S. was
the highest revenue contributor to the group segment, with $1,713.3 million in 2023, and is
estimated to reach $5,323.4 million by 2032. China is estimated to reach $1,218.6 million by
2032, at a highest CAGR during the forecast period during the forecast period. However,
Canda and Germany estimated to reach $426.6 and $1,128.5 million by 2023.

PAGE NO. | 20 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 10. Comparative Revenue Analysis of Digital Legacy Market for Group, by Country Revenue
5,323.4 (USD Million) 2023 & 2032

2023 2032

1,128.5

1,218.6
591.0

527.4

444.0

466.1

477.0

145.2
316.4

295.3

468.9

602.7
1,713.3

46.8
230.9
426.6

219.5

365.4
361.8

200.6

192.8
169.9

145.5
144.2

144.0
142.3

142.1
105.6

92.7
78.8

76.4

44.8

15.7
Source: Custom Market Insights Analysis 2023

4.4.3. Key Market Trends, Growth Factors, & Opportunities

Group end users represent organizations or associations with shared interests, such as clubs
or professional networks.

 Families and Friends Collaboration: Groups of families and friends are increasingly
coming together to collaboratively build and maintain digital legacies. They pool
their digital assets, memories, and stories to create comprehensive and collective
online memorials, fostering a shared space for remembrance and honouring their
loved ones.
 Community-Based Remembrance: Communities, such as clubs, organizations, or
social groups, are leveraging digital platforms to create dedicated spaces for
collective remembrance. These groups curate digital content, host virtual events,
and facilitate discussions to celebrate the lives and contributions of members who
have passed away.
 Fan and Fandom Communities: Enthusiast groups and fandom communities are
embracing digital legacies to pay tribute to beloved figures, artists, or fictional
characters. They curate multimedia-rich content, interactive experiences, and virtual
events that celebrate the impact and influence of their cultural icons.
 Online Platforms for Group Memorialization: Specialized platforms are emerging to
cater to group-based digital legacy needs. These platforms offer collaborative tools,
shared spaces, and customized features that cater to the unique requirements of
families, communities, organizations, and other group entities.

4.5. Family

PAGE NO. | 21 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

4.5.1. Digital Legacy Market Revenue and Forecast for Family, By Region,
2017-2032 (USD Million)

The digital legacy market for family was valued at $2,961.0 million in 2022, and is projected
to reach $10,392.5 million by 2032, registering a CAGR of 12.3% from 2023 to 2032. North
America was the highest revenue contributor with $1,124.7 million in 2022, and is estimated
to reach $3,986.8 million by 2032, with a CAGR of 12.4%. Europe is estimated to reach
$2,770.5 million by 2032, at a significant CAGR of 11.9% during the forecast period.

TABLE NO. 7. : Digital Legacy Market Revenue for Family, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 463.1 509.9 607.9 725.9 868.3 1,124.7 1,389.6 1,620.4 1,807.5
Europe 343.5 376.6 447.2 531.8 633.4 817.0 1,005.1 1,167.0 1,296.1
Asia Pacific 274.4 303.1 362.5 434.2 521.0 676.8 838.8 981.0 1,097.4
Latin America 118.5 130.0 154.4 183.6 218.8 282.2 347.3 403.3 448.0
Middle-East 24.7 27.2 32.5 38.9 46.6 60.4 74.6 87.0 97.0
and Africa
Total 1,224.1 1,346.8 1,604.4 1,914.4 2,287.9 2,961.0 3,655.4 4,258.8 4,746.0

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)
North America 2,018.0 2,255.1 2,522.5 2,824.3 3,165.1 3,550.6 3,986.8 12.4%
Europe 1,440.8 1,603.0 1,785.1 1,989.7 2,219.8 2,478.8 2,770.5 11.9%
Asia Pacific 1,228.7 1,377.0 1,544.5 1,733.9 1,948.3 2,191.3 2,466.7 12.7%
Latin America 498.1 554.2 617.2 688.0 767.5 857.0 957.8 11.9%
Middle-East and 108.2 120.8 134.8 150.6 168.4 188.3 210.7 12.2%
Africa
Total 5,293.8 5,910.1 6,604.1 7,386.5 8,269.1 9,265.9 10,392.5 12.3%
Source: Primary Interviews, Custom Market Insights, 2023

4.5.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for family was valued at $2,961.0 million in 2022, and is projected
to reach $10,392.5 million by 2032, registering a CAGR of 12.3% from 2023 to 2032. U.S. was
the highest revenue contributor to the family segment, with $1,230.2 million in 2023, and is
estimated to reach $3,555.1 million by 2032. China is estimated to reach $859.8 million by
2032, at a highest CAGR during the forecast period during the forecast period. However,
Canda and Germany estimated to reach $280.7 and $758.3 million by 2023.

FIG NO. 11. Comparative Revenue Analysis of Digital Legacy Market for Family, by Country Revenue
(USD Million) 2023 & 2032

PAGE NO. | 22 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

3,555.1
2023 2032

408.4

372.9
758.3

289.3

859.8

301.8

324.1
205.0

280.9

193.0
1,230.2

413.8

32.4
85.5
141.5
280.7

151.0

283.9
258.9

150.6

145.5
132.0

108.9
107.3
104.2
101.2

92.7
76.7

66.6
58.2

53.6

29.2

11.9
Source: Custom Market Insights Analysis 2023

4.5.3. Key Market Trends, Growth Factors, & Opportunities

Family end users encompass multiple individuals from the same family, collaborating to
create, share, and preserve their collective memories and heritage using digital platforms.

 Interactive Family Trees: Digital legacies are now incorporating interactive family
trees. Families use online tools to map relationships, attach multimedia content to
individual profiles, and create a dynamic visual representation of their family history.
 Preserving Cultural Heritage: Families are utilizing digital legacies to preserve cultural
traditions and heritage. They share recipes, rituals, and narratives that reflect their
cultural identity, ensuring these elements are passed down to future generations.
 Virtual Family Reunions: With geographical distances often separating family
members, virtual reunions supported by digital legacies allow families to connect,
share stories, and strengthen bonds in a meaningful way.
 Digital Time Capsules: Families are creating digital time capsules, capturing
snapshots of their current lives to be opened by future generations. These capsules
include letters, videos, and mementos that provide insights into the family's present-
day experiences.

Chapter No. 5 : Digital Legacy Market – By Application

PAGE NO. | 23 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

5.1. Digital Legacy Market Revenue Share (%), By Application,


2023 & 2032
FIG NO. 12. Digital Legacy Market Revenue Share, By Application, 2023 & 2032

Media Media
21.2% 21.7%
34.7% 34.1%
Entertainment Entertainment

2023 2032
Healthcare Healthcare
27.3% 26.7%
16.8% 17.6%
Others Others

Source: Primary Interviews, Custom Market Insights, 2023

5.2. Key Findings

 The Media segment market size was valued at $2,205.4 million in 2017 and is
expected to reach at $20,674.6 million by 2032, growing at a CAGR of 13.1% from
2023 to 2032.
 The Entertainment segment market size was valued at $1,020.8 million in 2017 and
is expected to reach at $10,646.0 million by 2032, growing at a CAGR of 13.9% from
2023 to 2032.
 The Healthcare segment market size was valued at $1,745.3 million in 2017 and is
expected to reach at $16,183.7 million by 2032, growing at a CAGR of 13.0% from
2023 to 2032.
 The Others segment market size was valued at $1,309.6 million in 2017 and is
expected to reach at $13,152.2 million by 2032, growing at a CAGR of 13.6% from
2023 to 2032.
*The Others segment includes sectors such as financial services, education, public administration, and others

PAGE NO. | 24 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

5.3. Media
5.3.1. Digital Legacy Market Revenue and Forecast for Media, By Region,
2017-2032 (USD Million)

The digital legacy market for media was valued at $5,501.8 million in 2022, and is projected
to reach $20,674.6 million by 2032, registering a CAGR of 13.1% from 2023 to 2032. North
America was the highest revenue contributor with $2,132.5 million in 2022, and is estimated
to reach $8,037.1 million by 2032, with a CAGR of 13.1%. Europe is estimated to reach
$5,516.4 million by 2032, at a significant CAGR of 12.8% during the forecast period.

TABLE NO. 8. : Digital Legacy Market Revenue for Media, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 853.6 945.0 1,133.0 1,360.7 1,636.8 2,132.5 2,650.3 3,108.8 3,488.4
Europe 612.2 675.8 807.9 967.4 1,160.4 1,507.3 1,867.8 2,184.6 2,444.2
Asia Pacific 484.6 538.5 648.1 781.2 943.2 1,233.5 1,538.7 1,811.7 2,040.5
Latin America 209.1 230.6 275.4 329.5 394.9 512.5 634.5 741.4 828.8
Middle-East 46.0 51.1 61.4 73.8 89.0 116.1 144.4 169.5 190.2
and Africa
Total 2,205.4 2,441.0 2,925.7 3,512.6 4,224.3 5,501.8 6,835.6 8,015.9 8,992.1

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)
North America 3,918.3 4,405.5 4,958.2 5,586.0 6,299.7 7,111.9 8,037.1 13.1%
Europe 2,737.3 3,068.6 3,443.5 3,868.1 4,349.5 4,895.8 5,516.4 12.8%
Asia Pacific 2,300.6 2,596.4 2,933.3 3,317.2 3,755.2 4,255.5 4,827.4 13.6%
Latin America 927.3 1,038.6 1,164.5 1,306.9 1,468.3 1,651.2 1,858.9 12.7%
Middle-East and 213.6 240.1 270.0 303.8 342.1 385.5 434.8 13.0%
Africa
10,097.1 11,349.2 12,769.5 14,382.0 16,214.8 18,299.9 20,674.6 13.1%
Total

Source: Primary Interviews, Custom Market Insights, 2023

5.3.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for media was valued at $5,501.8 million in 2022, and is projected
to reach $20,674.6 million by 2032, registering a CAGR of 13.1% from 2023 to 2032. U.S. was
the highest revenue contributor to the media segment, with $2,349.0 million in 2023, and is
estimated to reach $7,174.0 million by 2032. China is estimated to reach $1,653.3 million by
2032, at a highest CAGR during the forecast period during the forecast period. However,
Canda and Germany estimated to reach $570.6 and $1,475.7 million by 2023.

PAGE NO. | 25 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 13. Comparative Revenue Analysis of Digital Legacy Market for Media, by Country Revenue
7,174.0 (USD Million) 2023 & 2032

2023 2032

1,475.7

818.6

1,653.3
736.8

588.0

618.1

629.0

187.5
414.8

367.6

588.7
2,349.0

759.1

62.7
281.0
570.6

292.5

511.4
485.6

281.1

255.0
243.9

198.8
196.8
194.4

190.4

191.1
143.5

121.9
106.9

97.0

60.0

21.7
Source: Custom Market Insights Analysis 2023

5.3.3. Key Market Trends, Growth Factors, & Opportunities

In the digital legacy market, media companies focus on managing digital assets like photos,
videos, and creative content. In addition, these media companies offer solutions for secure
storage, organization, and personalized sharing of cherished digital memories and creative
expressions.

 Multimedia Storytelling: Users are increasingly adopting multimedia storytelling


techniques to capture their life narratives. This involves combining photos, videos,
audio recordings, and written content to create engaging and comprehensive digital
narratives that reflect their personal journeys.
 Video Memoirs: Video content holds significant value within the media-focused
digital legacy market. Users are creating video memoirs that include recorded
messages, life reflections, and stories. This trend emphasizes the power of visual
storytelling in conveying emotions and memories.
 Podcast Legacy: Podcasts are gaining traction to share legacy content. Individuals are
recording conversations, anecdotes, and discussions, transforming them into
podcast episodes that can be preserved and shared as a valuable audio legacy.
 Collaborative Media Projects: Families and communities are collaboratively
contributing to media-rich digital legacies. This involves gathering contributions from
multiple individuals to create collective photo albums, videos, and collages that
capture shared memories and experiences.

PAGE NO. | 26 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

5.4. Entertainment

The digital legacy market for entertainment was valued at $2,638.6 million in 2022, and is
projected to reach $10,646.0 million by 2032, registering a CAGR of 13.9% from 2023 to
2032. North America was the highest revenue contributor with $939.3 million in 2022, and
is estimated to reach $3,769.0 million by 2032, with a CAGR of 13.8%. Europe is estimated
to reach $2,808.8 million by 2032, at a significant CAGR of 13.6% during the forecast period.

5.4.1. Digital Legacy Market Revenue and Forecast for Entertainment, By


Region, 2017-2032 (USD Million)

TABLE NO. 9. : Digital Legacy Market Revenue for Entertainment, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025

North America 364.4 405.9 489.7 591.8 716.5 939.3 1,174.7 1,386.6 1,565.7
Europe 281.4 312.8 376.5 453.9 548.1 716.9 894.4 1,053.2 1,186.4
Asia Pacific 248.5 278.3 337.5 410.0 499.0 657.6 826.7 980.9 1,113.4
Latin America 104.9 116.7 140.5 169.5 204.9 268.1 334.7 394.3 444.5

Middle-East and 21.6 24.2 29.3 35.6 43.2 56.8 71.3 84.4 95.5
Africa
Total 1,020.8 1,137.9 1,373.6 1,660.8 2,011.6 2,638.6 3,301.7 3,899.4 4,405.5

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)
North America 1,769.7 2,002.2 2,267.6 2,570.8 2,917.4 3,314.3 3,769.0 13.8%

Europe 1,337.7 1,509.9 1,706.0 1,929.5 2,184.5 2,475.7 2,808.8 13.6%

Asia Pacific 1,265.1 1,438.8 1,638.0 1,866.7 2,129.4 2,431.7 2,779.7 14.4%

Latin America 501.5 566.4 640.3 724.7 821.0 931.0 1,056.9 13.6%

Middle-East and 108.2 122.6 139.1 157.8 179.3 203.7 231.7 14.0%
Africa

Total 4,982.2 5,639.9 6,391.0 7,249.4 8,231.6 9,356.4 10,646.0 13.9%

Source: Primary Interviews, Custom Market Insights, 2023

5.4.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for entertainment was valued at $2,638.6 million in 2022, and is
projected to reach $10,646.0 million by 2032, registering a CAGR of 13.9% from 2023 to
2032. U.S. was the highest revenue contributor to the entertainment segment, with
$1,040.1 million in 2023, and is estimated to reach $3,359.8 million by 2032. China is
estimated to reach $891.6 million by 2032, at a highest CAGR during the forecast period
during the forecast period. However, Canda and Germany estimated to reach $270.9 and
$734.8 million by 2023.

PAGE NO. | 27 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 14. Comparative Revenue Analysis of Digital Legacy Market for Entertainment, by Country
3,359.8 Revenue (USD Million) 2023 & 2032

2023 2032

387.2

365.3
734.8

287.9

891.6

362.4

335.5

366.6
220.6
210.3

476.3

32.8
95.9
1,040.1

172.6
270.9

138.4

261.3
222.6

146.7
127.2

114.5

109.1

108.2
97.8
91.7
86.8

68.7

65.9

57.0
47.9

28.5

10.6
Source: Custom Market Insights Analysis 2023

5.4.3. Key Market Trends, Growth Factors, & Opportunities

In this application, digital legacy services cater to artists, musicians, performers, and their
dedicated fan communities, fostering interactive and lasting connections through innovative
entertainment-focused experiences.

 Virtual Performances and Events: In the entertainment realm, digital legacies are
extending to virtual performances, concerts, and events. Musicians, performers, and
artists are leaving behind digital experiences that allow audiences to relive their
talents and artistic expressions in virtual spaces.
 Collaborative Digital Tributes: The entertainment sector is witnessing collaborative
efforts in digital legacy creation. Fans and peers are collaborating to curate online
memorials, tribute videos, and fan-generated content that celebrate an artist's
contributions and influence on the entertainment world.
 Celebrating Milestones Digitally: Entertainment legacies are being used to celebrate
milestones and anniversaries in novel ways. Virtual exhibitions, retrospectives, and
curated online galleries offer fans an opportunity to relive an artist's journey and
impact on the entertainment industry.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

5.5. Healthcare
5.5.1. Digital Legacy Market Revenue and Forecast for Healthcare, By
Region, 2017-2032 (USD Million)

The digital legacy market for healthcare was valued at $4,338.1 million in 2022, and is
projected to reach $16,183.7 million by 2032, registering a CAGR of 13.0% from 2023 to
2032. North America was the highest revenue contributor with $1,707.0 million in 2022, and
is estimated to reach $6,303.4 million by 2032, with a CAGR of 12.9%. Europe is estimated
to reach $4,374.8 million by 2032, at a significant CAGR of 12.7% during the forecast period.

TABLE NO. 10. : Digital Legacy Market Revenue for Healthcare, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025

North America 690.2 762.6 912.5 1,093.6 1,312.9 1,707.0 2,117.2 2,478.4 2,775.4

Europe 489.5 540.1 645.3 772.2 925.8 1,201.9 1,488.6 1,740.0 1,945.7

Asia Pacific 369.9 411.1 494.8 596.6 720.5 942.4 1,175.8 1,384.7 1,559.9

Latin America 161.1 178.0 213.0 255.3 306.6 398.7 494.5 579.0 648.5
34.7 38.5 46.4 55.9 67.5 88.2 109.9 129.2 145.2
Middle-East
and Africa

Total 1,745.3 1,930.3 2,311.9 2,773.6 3,333.2 4,338.1 5,385.9 6,311.3 7,074.7

2026 2027 2028 2029 2030 2031 2032 CAGR


%
REGION
(2023-
2032)
North America 3,111.0 3,490.7 3,920.7 4,408.1 4,961.1 5,589.2 6,303.4 12.9%

Europe 2,177.9 2,440.2 2,736.8 3,072.6 3,453.1 3,884.7 4,374.8 12.7%

Asia Pacific 1,759.1 1,985.6 2,243.7 2,537.8 2,873.4 3,256.8 3,695.2 13.6%

Latin America 727.0 815.9 916.5 1,030.7 1,160.2 1,307.3 1,474.6 12.9%

163.4 183.9 207.1 233.5 263.4 297.3 335.7 13.2%


Middle-East
and Africa

Total 7,938.4 8,916.3 10,024.8 11,282.6 12,711.1 14,335.2 16,183.7 13.0%

Source: Primary Interviews, Custom Market Insights, 2023

5.5.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for healthcare was valued at $4,338.1 million in 2022, and is
projected to reach $16,183.7 million by 2032, registering a CAGR of 13.0% from 2023 to
2032. U.S. was the highest revenue contributor to the healthcare segment, with $1,873.4
million in 2023, and is estimated to reach $5,603.0 million by 2032. China is estimated to
reach $1,272.5 million by 2032, at a highest CAGR during the forecast period during the
forecast period. However, Canda and Germany estimated to reach $466.8 and $1,171.9
million by 2023.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

FIG NO. 15. Comparative Revenue Analysis of Digital Legacy Market for Healthcare,
5,603.0 by Country Revenue (USD Million) 2023 & 2032

2023 2032

1,171.9

635.5

1,272.5
585.1

475.1

451.9

469.0

143.3
327.2

286.6

470.0
1,873.4

612.4

48.0
229.9
466.8

233.6

392.7
389.5

223.8

202.3
195.0

158.5
157.8

150.4

147.3
144.6
112.8

94.0
86.0

79.0

45.3

16.5
Source: Custom Market Insights Analysis 2023

5.5.3. Key Market Trends, Growth Factors, & Opportunities

In the healthcare sector, digital legacy solutions involve managing sensitive medical records,
advance directives, and end-of-life wishes.

 Medical Records and Data Preservation: The digital legacy market is witnessing a
growing emphasis on the secure preservation of personal medical records and
health-related data. Individuals are seeking platforms that enable the organized
storage and controlled sharing of critical health information, ensuring that medical
history is easily accessible to authorized family members or healthcare providers.
 Advance Care Planning: Healthcare professionals are leveraging digital legacy tools
to facilitate advance care planning. Patients can document their healthcare
preferences, end-of-life wishes, and treatment directives digitally. This ensures that
their medical choices are respected and communicated effectively, enhancing
patient autonomy and minimizing potential conflicts.
 Telehealth Integration: The integration of digital legacy solutions with telehealth
platforms is on the rise. This trend enables patients to securely store telehealth
consultation records, prescriptions, and treatment recommendations, fostering
continuity of care and facilitating informed decision-making.
 Legacy of Well-Being: Beyond medical data, individuals are using digital legacy
platforms to create a broader legacy of well-being. This includes documenting
wellness routines, healthy lifestyle choices, and mental health strategies, providing a
holistic perspective on one's health journey for future generations.

5.6. Others

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

The digital legacy market for others was valued at $3,346.9 million in 2022, and is projected
to reach $13,152.2 million by 2032, registering a CAGR of 13.6% from 2023 to 2032. North
America was the highest revenue contributor with $1,270.2 million in 2022, and is estimated
to reach $4,933.9 million by 2032, with a CAGR of 13.5%. Europe is estimated to reach
$3,543.9 million by 2032, at a significant CAGR of 13.3% during the forecast period.

5.6.1. Digital Legacy Market Revenue and Forecast for Others, By Region,
2017-2032 (USD Million)

TABLE NO. 11. : Digital Legacy Market Revenue, By Region, 2017 – 2032 (USD Million)
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
North America 500.1 555.5 668.3 805.2 971.8 1,270.2 1,583.6 1,863.4 2,097.5

Europe 368.7 408.8 490.9 590.5 711.4 928.2 1,155.3 1,357.1 1,524.9

Asia Pacific 286.4 320.2 387.5 469.8 570.5 750.1 940.9 1,113.8 1,261.3

Latin America 125.4 139.7 168.5 203.5 246.2 322.6 403.1 475.5 536.4

Middle-East 29.1 32.5 39.3 47.6 57.7 75.8 94.9 112.1 126.6
and Africa
Total 1,309.6 1,456.7 1,754.5 2,116.6 2,557.6 3,346.9 4,177.8 4,921.9 5,546.7

2026 2027 2028 2029 2030 2031 2032 CAGR %


REGION (2023-
2032)

North America 2,363.2 2,665.1 3,008.6 3,399.5 3,845.1 4,353.4 4,933.9 13.5%

Europe 1,715.1 1,930.9 2,176.0 2,454.5 2,771.4 3,132.4 3,543.9 13.3%

Asia Pacific 1,429.5 1,621.8 1,841.6 2,093.2 2,381.4 2,712.0 3,091.5 14.1%

Latin America 605.7 684.7 774.6 877.1 994.2 1,128.0 1,281.0 13.7%

Middle-East and 143.0 161.8 183.0 207.2 234.8 266.2 302.0 13.7%
Africa
Total 6,256.6 7,064.2 7,983.7 9,031.6 10,226.9 11,592.0 13,152.2 13.6%

Source: Primary Interviews, Custom Market Insights, 2023

5.6.2. Comparative Revenue Analysis, By Country, 2023 & 2032

The digital legacy market for others was valued at $3,346.9 million in 2022, and is projected
to reach $13,152.2 million by 2032, registering a CAGR of 13.6% from 2023 to 2032. U.S. was
the highest revenue contributor to the others segment, with $1,406.1 million in 2023, and is
estimated to reach $4,424.9 million by 2032. China is estimated to reach $991.6 million by
2032, at a highest CAGR during the forecast period during the forecast period. However,
Canda and Germany estimated to reach $332.4 and $957.9 million by 2023.

FIG NO. 16. Comparative Revenue Analysis of Digital Legacy Market for Others,
by Country Revenue (USD Million) 2023 & 2032

PAGE NO. | 31 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

4,424.9
2023 2032

512.4

479.8
957.9

377.3

391.4
991.6

385.9

126.9
414.3
259.6

246.6

507.6
1,406.1

42.1
200.7
332.4

176.6

300.0
297.9

170.8

157.9
152.5

123.2
122.1

121.6
114.0

113.3
86.0

75.6

65.3
63.6

38.4

14.1
Source: Custom Market Insights Analysis 2023

5.6.3. Key Market Trends, Growth Factors, & Opportunities

The other segment includes business data management, educational assets, and charity-
related legacies.

 Enterprise-Level Solutions: Businesses are increasingly adopting specialized digital


legacy platforms to manage and organize their digital assets, ensuring seamless
access and transfer of critical information. These platforms offer features such as
secure cloud storage, encryption, and access controls to safeguard sensitive business
data.
 E-Learning Preservation: Educational institutions and educators are leveraging digital
legacy platforms to preserve and share e-learning content, course materials, and
educational resources. This ensures that valuable educational assets continue to
benefit learners even after the educators' tenure.
 Digital Fundraising Campaigns: Charitable organizations are embracing digital
platforms to create and manage fundraising campaigns that honour the legacy of
donors or supporters. These campaigns use multimedia elements to tell compelling
stories and inspire contributions.
 Legacy Giving Platforms: Charities are offering specialized platforms that enable
individuals to include charitable giving in their digital legacies. Donors can designate
funds, assets, or specific contributions that align with their philanthropic values.

PAGE NO. | 32 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

Chapter No. 6 : Digital Legacy Market – Regional Analysis

6.1. Digital Legacy Market Revenue Share (%), By Region,


2023 & 2032
FIG NO. 17. Digital Legacy Market Revenue Share, By Region, 2023 & 2032
2.1% 2.1%
North America North America
9.5% 9.3%
Europe Europe
38.2% 38.0%
22.8% 23.7%
2023 Asia-Pacific 2032 Asia-Pacific

Latin America Latin America

27.4% 26.8%
Middle East & Africa Middle East & Africa

Source: Primary Interviews, Custom Market Insights, 2023

6.2. Key Findings

 The North America digital legacy market size was valued at $2,408.2 million in 2017
and is expected to reach at $23,043.4 million by 2032, growing at a CAGR of 13.2%
from 2023 to 2032.
 The Europe digital legacy market size was valued at $1,751.8 million in 2017 and is
expected to reach at $16,243.8 million by 2032, growing at a CAGR of 13.0% from
2023 to 2032.
 The Asia Pacific digital legacy market size was valued at $1,389.4 million in 2017 and
is expected to reach at $14,393.8 million by 2032, growing at a CAGR of 13.8% from
2023 to 2032.
 The Latin America digital legacy market size was valued at $600.5 million in 2017 and
is expected to reach at $5,671.4 million by 2032, growing at a CAGR of 13.1% from
2023 to 2032.
 The Middle East & Africa digital legacy market size was valued at $131.3 million in
2017 and is expected to reach at $1,304.1 million by 2032, growing at a CAGR of
13.4% from 2023 to 2032.

PAGE NO. | 33 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

6.2.1. North America Digital Legacy Market Revenue and Forecast,


By Country, 2017-2032 (USD Million)

The digital legacy market in North America was valued at $6,048.9 million in 2022, and is
projected to reach $23,043.4 million by 2032, registering a CAGR of 13.2% from 2023 to
2032. U.S. was the highest revenue contributor with $5,355.8 million in 2022, and is
estimated to reach $20,561.6 million by 2032, with a CAGR of 13.3%. Canada is estimated to
reach $1,640.7 million by 2032, at a significant CAGR of 12.8% during the forecast period.

TABLE NO. 12. : North America Digital Legacy Market Revenue, By Country, 2017 – 2032 (USD Million)
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025

U.S. 2,124.0 2,355.9 2,829.8 3,404.8 4,103.4 5,355.8 6,668.5 7,836.8 8,810.0

Canada 180.6 199.5 238.6 285.9 343.1 445.9 552.8 646.9 724.2

Mexico 103.6 113.6 135.0 160.7 191.5 247.2 304.3 353.5 392.8

Total 2,408.2 2,669.1 3,203.5 3,851.3 4,638.0 6,048.9 7,525.7 8,837.3 9,927.0

2026 2027 2028 2029 2030 2031 2032 CAGR %


COUNTRY (2023-
2032)

U.S. 9,913.9 11,167.2 12,591.5 14,212.0 16,057.4 18,161.0 20,561.6 13.3%

Canada 811.5 910.2 1,021.9 1,148.6 1,292.2 1,455.3 1,640.7 12.8%

Mexico 436.9 486.2 541.6 603.9 673.8 752.5 841.1 12.0%

Total 11,162.2 12,563.5 14,155.1 15,964.4 18,023.3 20,368.8 23,043.4 13.2%

Source: Primary Interviews, Custom Market Insights, 2023

6.2.2. Key Market Trends, Growth Factors, & Opportunities

 Emphasis on Privacy and Security: With increased awareness of data privacy and
security, North American users are gravitating towards platforms that offer robust
encryption, secure access controls, and privacy features. This focus on safeguarding
sensitive digital information aligns with the region's strong data protection
regulations.
 Integration of Legal Frameworks: The legal aspects of digital inheritance are gaining
attention in North America. Users are turning to platforms that integrate legal
frameworks for digital asset transfer, ensuring a seamless and legally compliant
transition of digital legacies to beneficiaries.

PAGE NO. | 34 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

 Cultural Diversity in Memorialization: North America's diverse population is leading


to a range of cultural preferences in digital memorialization. Platforms are adapting
to accommodate various cultural practices, offering customizable options for
creating online memorials and preserving traditions in the digital realm.
 Digital Estate Planning Services: There is a growing demand for comprehensive
digital estate planning services in North America. Individuals are seeking guidance
and tools to organize and manage their digital assets, including social media
accounts, online financial records, and personal documents, as part of their overall
estate planning process.

6.2.3. Europe Digital Legacy Market Revenue and Forecast, By Country,


2017-2032 (USD Million)

The digital legacy market in Europe was valued at $4,354.3 million in 2022, and is projected
to reach $16,243.8 million by 2032, registering a CAGR of 13.0% from 2023 to 2032.
Germany was the highest revenue contributor with $1,119.8 million in 2022, and is
estimated to reach $4,340.4 million by 2032, with a CAGR of 13.4%. UK is estimated to reach
$2,166.9 million by 2032, at a significant CAGR of 13.3% during the forecast period.

TABLE NO. 13. : Europe Digital Legacy Market Revenue, By Country, 2017 – 2032 (USD Million)
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
Germany 442.0 490.7 590.0 710.5 857.1 1,119.8 1,395.6 1,641.7 1,847.3
France 264.5 291.8 348.5 416.9 499.7 648.5 803.0 938.3 1,049.0
UK 225.5 250.0 300.1 360.9 434.7 567.1 705.8 829.1 931.6
Italy 183.1 202.7 243.1 292.0 351.3 457.8 569.0 667.6 749.2
Spain 134.9 148.9 177.9 213.0 255.5 331.8 411.0 480.6 537.6
Rest of Europe 501.9 553.5 661.0 790.7 947.4 1,229.3 1,521.6 1,777.6 1,986.5
Total 1,751.8 1,937.5 2,320.6 2,784.0 3,345.7 4,354.3 5,406.0 6,334.9 7,101.2

2026 2027 2028 2029 2030 2031 2032 CAGR %


COUNTRY (2023-
2032)

Germany 2,080.8 2,346.0 2,647.8 2,991.4 3,383.1 3,829.9 4,340.4 13.4%


France 1,173.8 1,314.8 1,474.1 1,654.5 1,858.9 2,090.6 2,353.7 12.7%
UK 1,047.8 1,179.7 1,329.5 1,499.9 1,693.9 1,914.9 2,166.9 13.3%
Italy 841.7 946.5 1,065.5 1,200.6 1,354.2 1,529.1 1,728.3 13.1%
Spain 602.0 674.7 757.0 850.2 955.8 1,075.7 1,211.8 12.8%
Rest of Europe 2,222.0 2,487.9 2,788.3 3,128.0 3,512.6 3,948.4 4,442.7 12.6%

7,968.1 8,949.6 10,062.2 11,324.6 12,758.4 14,388.6 16,243.8 13.0%


Total

Source: Primary Interviews, Custom Market Insights, 2023

PAGE NO. | 35 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

6.2.4. Key Market Trends, Growth Factors, & Opportunities


 Cultural Diversity in Memorialization: European countries are known for their rich
cultural heritage and diverse traditions surrounding remembrance. This trend is
reflected in the digital legacy market, where platforms are adapting to cater to
various cultural practices, offering customized solutions that resonate with the
preferences of different regions and communities.
 Stringent Data Protection Regulations: Europe has stringent data protection
regulations such as GDPR (General Data Protection Regulation). These regulations
influence the way digital legacy platforms handle user data, ensuring a higher level of
privacy and security for individuals entrusting their digital legacies. Compliance with
these regulations is a key focus, driving innovation in secure data management
solutions.
 Tech-Savvy Population: European countries boast high internet penetration and
tech-savvy populations. This trend encourages the adoption of digital legacy
platforms for preserving memories and connecting with loved ones online. The
market responds by offering user-friendly interfaces, intuitive navigation, and
seamless digital experiences.
 Collaborative Memorials: In Europe, the trend of collaborative memorials is gaining
momentum. Families and communities are coming together online to collectively
remember, and honour loved ones, fostering a sense of unity and shared support.
 According to the survey conducted by Digital Legacy Association, majority of the
people said that it is very important for them to be able to view the profile of the
people they care about. Such importance among the population is expected to boost
the digital legacy market in Europe during the forecast period.

PAGE NO. | 36 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

6.2.5. Asia Pacific Digital Legacy Market Revenue and Forecast,


By Country, 2017-2032 (USD Million)

The digital legacy market in Asia-Pacific was valued at $3,583.5 million in 2022, and is
projected to reach $14,393.8 million by 2032, registering a CAGR of 13.8% from 2023 to
2032. China was the highest revenue contributor with $1,168.9 million in 2022, and is
estimated to reach $4,809.0 million by 2032, with a CAGR of 14.1%. India is estimated to
reach $1,819.4 million by 2032, at a significant CAGR of 14.3% during the forecast period.

PAGE NO. | 37 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

TABLE NO. 14. : Asia Pacific Digital Legacy Market Revenue, By Country, 2017 – 2032 (USD Million)
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
China 447.8 500.1 604.9 732.9 889.4 1,168.9 1,465.5 1,734.2 1,963.1
Japan 182.3 202.6 243.9 294.1 355.3 464.7 579.9 683.0 769.5
India 165.2 184.8 223.9 271.7 330.3 434.9 546.1 647.3 734.0
South Korea 112.5 125.1 150.5 181.4 219.1 286.5 357.4 420.9 474.0
Southeast 176.0 196.3 236.9 286.5 347.1 455.3 569.8 673.1 760.6
Asia
Rest of Asia 305.5 339.2 407.7 490.9 592.0 773.2 963.3 1,132.7 1,274.0
Pacific
Total 1,389.4 1,548.1 1,867.9 2,257.6 2,733.2 3,583.5 4,482.1 5,291.1 5,975.2

2026 2027 2028 2029 2030 2031 2032 CAGR %


COUNTRY (2023-
2032)
China 2,224.4 2,523.0 2,864.5 3,255.6 3,703.9 4,218.2 4,809.0 14.1%
Japan 867.8 979.7 1,107.0 1,252.3 1,418.0 1,607.2 1,823.7 13.6%
India 833.1 946.5 1,076.5 1,225.5 1,396.6 1,593.2 1,819.4 14.3%
South Korea 534.4 603.2 681.4 770.6 872.3 988.5 1,121.3 13.5%
Southeast Asia 860.2 973.9 1,103.8 1,252.2 1,422.0 1,616.5 1,839.5 13.9%

Rest of Asia 1,434.3 1,616.4 1,823.3 2,058.7 2,326.8 2,632.3 2,981.0 13.4%
Pacific
6,754.3 7,642.6 8,656.5 9,814.8 11,139.5 12,655.9 14,393.8 13.8%
Total

Source: Primary Interviews, Custom Market Insights, 2023

6.2.6. Key Market Trends, Growth Factors, & Opportunities

 Mobile-First Approach: The prevalence of mobile technology in the Asia-Pacific


region is driving a mobile-first approach to digital legacy management. Users are
utilizing smartphones and mobile apps for creating, accessing, and sharing digital
memorials, making it more accessible and convenient for a tech-savvy population.

 Localized Platforms: The region's linguistic diversity has led to the emergence of
localized digital legacy platforms. Users are gravitating towards platforms that offer
content and interfaces in their native languages, ensuring a more personalized and
culturally relevant experience.
 Social Media Integration: social media plays a significant role in Asia-Pacific's digital
legacy landscape. Users are incorporating social media content into their digital
legacies, recognizing the role these platforms play in documenting life moments. This

PAGE NO. | 38 COPYRIGHT © 2023 CUSTOM MARKET INSIGHTS


GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

trend promotes a seamless transition of social media presence into a lasting digital
legacy.
 Privacy Concerns and Data Regulations: The Asia-Pacific region is witnessing
increased attention to data privacy and security. Users are demanding platforms that
adhere to local data regulations and provide robust privacy controls, ensuring the
protection of sensitive digital assets and personal information.

6.2.7. Latin America Digital Legacy Market Revenue and Forecast,


By Country, 2017-2032 (USD Million)

The digital legacy market in Latin America was valued at $1,501.7 million in 2022, and is
projected to reach $5,671.4 million by 2032, registering a CAGR of 13.1% from 2023 to 2032.
Rest of Latin America was the highest revenue contributor with $649.4 million in 2022, and
is estimated to reach $2,431.9 million by 2032, with a CAGR of 13.1%. Brazil is estimated to
reach $2,355.3 million by 2032, at a significant CAGR of 13.4% during the forecast period.

TABLE NO. 15. : Latin America Digital Legacy Market Revenue, By Country, 2017 – 2032 (USD Million)
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
Brazil 242.2 268.8 322.9 388.6 468.5 611.7 761.9 895.6 1,007.1
Argentina 97.6 107.8 128.9 154.4 185.2 240.7 298.4 349.1 390.7
Rest of Latin 260.7 288.4 345.6 414.8 498.7 649.4 806.5 945.5 1,060.3
America
Total 600.5 664.9 797.4 957.8 1,152.5 1,501.7 1,866.8 2,190.2 2,458.1

2026 2027 2028 2029 2030 2031 2032 CAGR %


COUNTRY (2023-
2032)

Brazil 1,133.6 1,277.3 1,440.7 1,626.5 1,838.3 2,079.7 2,355.3 13.4%


Argentina 437.7 490.9 551.1 619.3 696.6 784.4 884.2 12.8%
Rest of Latin 1,190.2 1,337.4 1,504.2 1,693.6 1,908.7 2,153.4 2,431.9 13.1%
America
Total 2,761.6 3,105.6 3,496.0 3,939.4 4,443.6 5,017.5 5,671.4 13.1%
Source: Primary Interviews, Custom Market Insights, 2023

6.2.8. Key Market Trends, Growth Factors, & Opportunities

 Multilingual Content: Latin America is linguistically diverse, with numerous languages


spoken across the region. This trend has led to a demand for digital legacy platforms
that support multiple languages, allowing users to create and share content in their
native tongues to ensure inclusivity and broader engagement.

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 Offline-Online Integration: In regions where access to the internet is not universal,


there's a trend toward bridging the gap between offline and online legacies. Users
are combining digital content with physical mementos, like printed photos and
handwritten letters, ensuring that the legacy remains accessible and relevant across
different contexts.
 Online Commemorative Events: Due to geographical distances and mobility
challenges, families are utilizing online platforms for commemorations and memorial
services. Virtual gatherings and online ceremonies are becoming a popular trend,
enabling wider participation and remembrance.
 Cultural Preservation: Latin American countries have rich cultural traditions and
strong family ties. As a result, there is a growing trend in using digital platforms to
preserve and pass down cultural heritage, stories, and traditions. This includes
creating digital legacies that capture and celebrate local customs, languages, and
historical narratives.

6.2.9. Middle East & Africa Digital Legacy Market Revenue and Forecast,
By Country, 2017-2032 (USD Million)

The digital legacy market in Middle East & Africa was valued at $336.8 million in 2022, and is
projected to reach $1,304.1 million by 2032, registering a CAGR of 13.4% from 2023 to 2032.
Rest of Middle East & Africa was the highest revenue contributor with $148.8 million in
2022, and is estimated to reach $564.9 million by 2032, with a CAGR of 13.2%. GCC
Countries is estimated to reach $553.6 million by 2032, at a significant CAGR of 13.9%
during the forecast period.

TABLE NO. 16. : Middle East & Africa Digital Legacy Market Revenue, By Country, 2017 – 2032 (USD Million)
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
GCC 52.5 58.7 71.1 86.2 104.6 137.4 172.2 203.6 230.2
Countries
South Africa 20.3 22.5 26.9 32.4 38.9 50.6 62.9 73.6 82.4
Rest of Middle 58.5 65.0 78.3 94.4 113.9 148.8 185.3 217.9 244.9
East & Africa
Total 131.3 146.2 176.3 212.9 257.4 336.8 420.4 495.1 557.5

2026 2027 2028 2029 2030 2031 2032 CAGR %


COUNTRY (2023-
2032)
GCC Countries 260.4 294.8 333.9 378.5 429.4 487.4 553.6 13.9%

South Africa 92.4 103.6 116.3 130.5 146.7 164.9 185.6 12.8%
Rest of Middle 275.4 310.0 349.0 393.3 443.5 500.4 564.9 13.2%
East & Africa
Total 628.2 708.4 799.2 902.4 1,019.5 1,152.7 1,304.1 13.4%
Source: Primary Interviews, Custom Market Insights, 2023

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6.2.10. Key Market Trends, Growth Factors, & Opportunities

 Islamic Digital Memorials: Middle Eastern users are leveraging digital platforms to
create Islamic memorials, such as online Quran recitation portals, virtual pilgrimage
experiences, and interactive platforms for learning about religious practices. These
digital memorials enable individuals to engage with their faith and cultural heritage
in innovative ways.
 Community Commemoration: Digital legacies in the Middle East often extend
beyond individual remembrance to commemorate communal achievements and
historical events. Online platforms are being utilized to document and share
narratives related to community milestones, ensuring a collective memory for local
and regional histories.
 Government Initiatives: Governments in the Middle East are actively promoting
digital heritage preservation as part of broader cultural initiatives. This support
includes funding for digital archiving projects, partnerships with technology
companies, and the establishment of digital museums and repositories.
 Evolving Digital Artistry: The Middle East's rich artistic traditions are being
reimagined in the digital realm. Users are creating digital artworks, animations, and
virtual exhibitions that blend traditional art forms with modern technology,
contributing to a unique form of digital cultural expression.

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Chapter No. 7 : Digital Legacy Market – Industry DROs

7.1. Market Drivers


TABLE NO. 17. : Drivers for the Digital Legacy Market: Impact Analysis
2017-20 2021-24 2025-32
Market Drivers
Impact
Increasing Digital Footprint Low Moderate Moderate
Increasing Awareness of Digital Legacy Low Moderate Moderate
Source: Primary Interviews, Custom Market Insights, 2023

7.1.1. Increasing Digital Footprint

A digital footprint is typically formed by an individual's data contributions to the internet via
websites and other online sources. According to an article by UNICEF, more than 175,000
children go online for the first time every day. As people use more digital technologies like
social media, online transactions, and creative content, they are leaving behind a trail of our
lives online. This has made people more aware of the need to manage and preserve this
digital part of their identity. They want to ensure that their online presence, memories, and
even valuable digital possessions are taken care of when they pass away. This growing
awareness has led to a demand for services that help plan and organize this digital legacy,
making sure it's passed on according to their wishes.

Increasing awareness about the significance of planning individual digital afterlife is driving a
demand for the digital legacy market. As people realize the need to manage and preserve
their online presence, including assets, memories, and accounts, they seek solutions that
ensure a smooth transition of their digital footprint. This growing awareness is propelling
the market forward, as individuals and families actively embrace digital legacy services for a
meaningful and organized digital legacy.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

7.1.2. Increasing Awareness of Digital Legacy

People understand the significance of organizing and safeguarding their digital presence and
assets on the Internet. Individuals seek comprehensive solutions to effectively manage their
digital afterlife, encompassing the appointment of digital heirs and the secure organization
of online accounts and assets. The market is responding by offering user-friendly platforms
that empower individuals to ensure their digital wishes are met, thus shaping a thriving
industry centered on preserving and commemorating digital lives.

As a result, there is an increasing demand for a digital legacy has emerged to ensure
organized management in line with individual preferences. With the recognition that
intangible assets encompass vital aspects of a person's life narrative, memories, and societal
contributions, according to their demand. People are looking for desire tools that enable
them to oversee their digital afterlife, establish a digital heir, and receive guidance on
securing and arranging online accounts and digital possessions conveniently and securely,
such factors surge the market demand for the digital legacy market.

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7.2. Market Restraints


TABLE NO. 18. : Restraints for the Digital Legacy Market: Impact Analysis
2017-20 2021-24 2025-32
Market Drivers
Impact
Privacy and Security Concerns Moderate Moderate Moderate

7.2.1. Privacy and Security Concerns

Privacy and security concerns present significant restraints to the digital legacy market. As
individuals increasingly recognize the value of preserving their digital footprints,
apprehensions about unauthorized access, data breaches, and misuse of sensitive
information grow. Users are wary of sharing personal memories and assets without robust
safeguards in place. Moreover, the evolving legal landscape surrounding digital property
rights further amplifies these concerns. To overcome these restraints, digital legacy service
providers must prioritize stringent encryption protocols, multi-factor authentication, and
transparent privacy practices. Addressing these problems is crucial for building trust and
encouraging broader adoption of digital legacy solutions while respecting individuals' need
for secure and confidential management of their digital afterlife.

In addition, the wide range of configurable features can deal with individual cultural,
spiritual, and family aspects which influence a user's choices for his or her digitized legacy.
Digital legacy service providers can better meet the specific needs of individuals and
enhance their position in the market when they embrace personalization and
customizability, which will encourage more people to actively take part in planning and
maintaining a digitally preserved afterlife.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

7.3. Market Opportunities


7.3.1. Personalization and Customization

Personalization and customization drive digital legacy market demand by catering to unique
individual identities and preferences. The ability to shape one's legacy according to personal
values, cultural background, and unique preferences resonates strongly. This trend extends
to the creation of personalized online memorials, interactive platforms, and specialized
digital heir arrangements. The market provides many different choices, giving users the
chance to carefully design how they want their digital legacy to be. This personal touch not
only enhances emotional connection and authenticity but also addresses the evolving
landscape of digital inheritance. Personalization and customization are really important
factors that are pushing the digital legacy market to grow. They make sure that each
person's digital legacy is special and unique, lasting for a long time.

In addition, the wide range of configurable features can deal with individual cultural,
spiritual and family aspects which influence a user's choices for his or her digitized legacy.
Digital legacy service providers can better meet the specific needs of individuals and
enhance their image in the market when they embrace personalization and customizability,
which will encourage more people to actively take part in planning and maintaining a
digitally preserved afterlife.

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GLOBAL DIGITAL LEGACY MARKET, 2023 – 2032

7.3.2. Integration with Estate Planning

The opportunity to grow the digital legacy market is substantial when it comes to integrating
digital heritage with estate planning. As individuals recognize the intertwining of their
physical and digital lives, they seek comprehensive solutions to ensure the smooth
transition of assets. The incorporation of digital legacies into estate planning acknowledges
the value of online possessions, accounts, and memories. This integration enables
individuals to designate beneficiaries for their digital assets, providing clarity and direction
during inheritance processes. Service providers offer platforms that facilitate the inclusion of
digital assets in legal documentation, ensuring a holistic approach to inheritance. This
merging of digital and traditional estate planning meets the evolving needs of modern
society, fostering a broader adoption of digital legacy services and bolstering the market's
expansion.

Moreover, the integration of digital legacies with estate planning addresses the complexities
posed by intangible assets. These assets, including digital art, cryptocurrencies, and online
businesses, hold significant financial and sentimental value. Incorporating them into estate
plans ensures a comprehensive and equitable distribution, while also alleviating potential
legal challenges for heirs. This innovative approach not only enhances the practicality of
estate planning but also reflects the modern reality of our digital age, further driving the
demand for digital legacy services.

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