The TechSci Research report on the Global Digital Newspaper & Magazine Market was valued at USD 35.21 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.32% through 2028. The transition of traditional print media to digital forms, coupled with the impact of the COVID-19 pandemic, has further accelerated the shift towards digital newspapers and magazines.
The market expansion is fueled by the rising internet penetration rate, increasing smartphone user base globally, and the shift towards digital media forms by the traditional print media sector. The lockdown measures during the COVID-19 pandemic influenced people’s preference towards reading newspapers and magazines through digital platforms, thereby boosting market growth.
The need for newspapers and magazines, particularly in digital format, is expected to increase as social media platforms are increasingly used for communication and information exchange. Publishers and readers are being connected through digital platforms, leading to growing online newspaper subscription rates.
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The global digital newspaper & magazine market is predicted to be dominated by the e-Newspapers segment, driven by rising online newspaper subscription rates and diverse business strategies during the forecast period. The market is segmented into e-Newspapers, e-Magazines, digital newspaper advertising, and digital magazine advertising, with North America leading the market due to the increasing penetration of smartphone users.
Key market players in the global digital newspaper & magazine market include:
- News Corporation
- The New York Times Company
- Nine Entertainment Co. Pty Limited
- Johnston Press Ltd
- Zinio LLC
- Schibsted ASA
- Magzter Inc.
- Readly AB
- Nine Entertainment Co. Holdings Ltd
- Daily Mail and General Trust plc
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The report emphasizes the growing demand for digital newspapers and magazines due to the rising infrastructure of dependable communication networks. Regional service providers are focusing on strategies such as partnering with technology providers or acquiring rival companies to gain a competitive edge and maintain market positions.
Mr. Karan Chechi, Research Director at TechSci Research, underscores the increasing preference for digital platforms among consumers and the growing demand for instant news delivery to consumers’ handsets as key drivers of market growth. The report, “Digital Newspaper & Magazine Market” aims to provide cutting-edge market intelligence to help decision-makers make informed investment decisions. It identifies emerging trends, drivers, challenges, and opportunities present in the global digital newspaper & magazine market, offering comprehensive insights into market structure, size, share, and future growth.
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