Digital Newspapers & Magazines Market Worth A USD 45.75 Billion By 2028Posted by rahul nikade on January 23rd, 2023 Digital Newspapers & Magazines Industry Overview The global digital newspapers & magazines market size was valued at USD 34.24 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2028. The increasing popularity of digital media such as digital publishing across the globe and rising consumers' inclination towards affordable substitute media like online newspapers and magazines are driving the market growth. Furthermore, the growing subscriptions of digital newspapers and magazines are expected to propel market growth during the forecast period. For instance, The New York Times has reported that nearly 39 percent of subscribers have subscribed to the digital newspaper. Additionally, digital newspapers and magazine advertising is gaining popularity in the advertising world as it creates brand awareness and also compliments the brand’s advertising campaigns on other channels, which is estimated to boost market growth during the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Digital Newspapers & Magazines Market Digital newspapers and magazines are less expensive, sustainable, and have a wider reach and delivery across the globe; thereby, their demand is accelerating globally. Nowadays, digital magazines are published by search engines, which is also propelling market growth. In addition to this, Yahoo has intimated that digital magazines will be an integral part of their sales strategy, this has resulted in increased sales of digital magazines and is estimated to continue in the upcoming years. Moreover, the increasing popularity of digital platforms and rising adoption of smart devices is projected to escalate the market growth during the forecast period. Additionally, the rising penetration rate of the internet and the increasing number of smartphone users are boosting the market growth. Moreover, digital newspapers and magazines are increasingly capturing the attention of the media industry due to their ability to attract readers through interactive content, this may further accelerate the market growth. In addition to that, an increase in the adoption of technologies such as virtual reality (VR) and augmented reality (AR) in digital media platforms is expected to propel the market growth during the forecast period. The growing youth population in emerging countries such as India and China, due to the higher acceptability of online channels like digital media as compared to offline channels, is boosting the market growth in these regions. However, strict government rules and regulations regarding the distribution of authentic content, and piracy are the major factors restraining the market growth. The COVID-19 pandemic has slightly affected the digital newspapers & magazines business. In response to the pandemic, governments around the world implemented several measures to try to contain the virus, such as quarantines, shutdowns, travel bans and restrictions, lockdown, and work-from-home orders. This resulted in a rise in the number of subscribers of digital newspapers and magazines. However, the pandemic and subsequent slow economy impacted several core print newspapers and magazine advertisers such as promoting community events, retail, and movies. These categories cut back on their marketing budgets, accelerating declines in advertising revenue. Furthermore, rising investment in digital newspapers & magazines in emerging economies has been projected to drive market growth during the forecast period. Browse through Grand View Research's Electronic & Electrical Industry Research Reports.
Digital Newspapers & Magazines Market Segmentation Grand View Research has segmented the digital newspapers & magazines based on type, and region: Type Outlook (Revenue, USD Million, 2017 - 2028)
Regional Outlook (Revenue, USD Million, 2017 - 2028)
Key Companies profiled: Some prominent players in the global digital newspapers & magazines market include
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