Digital Newspapers & Magazines Market expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2028

 Digital Newspapers & Magazines Industry Overview

The global digital newspapers & magazines market size is projected to reach USD 45.75 billion by 2028, registering a CAGR of 4.2% during the forecast period, according to a new report by Grand View Research, Inc. The growing popularity and acceptance of digital newspapers & magazine media across the globe are accelerating market growth. Moreover, the increasing number of paid subscribers of digital publishing across the globe is accelerating market growth.

 

Digital Newspapers & Magazines Market Segmentation

Grand View Research has segmented the digital newspapers & magazines based on type, and region:

 

Based on the Type Insights, the market is segmented into e-Newspapers, e-Magazines, Digital Newspaper Advertising, Digital Magazine Advertising

  • The digital newspaper advertising segment contributed to the largest market share of over 35% in 2021 and is expected to grow with a CAGR of 4.1% from 2022 to 2028. The rapid increase in digitalization of media, and people shifting from print to digital channels are accelerating the market growth. Moreover, the growing trend of digital newspaper advertising is gaining popularity in the advertising market, as it creates brand awareness among people and also compliments the brand’s advertising campaigns on other channels, which in turn is estimated to boost the market growth. Furthermore, newspaper advertisement is relatively cost-effective and conveys aa significant amount of information to customers, thus accelerating the market growth.
  • The e-Newspapers segment is expected to grow with the fastest CAGR of 5.8% from 2022 to 2028. Digital newspaper circulation is gradually increasing and the growing adoption of digital newspapers by a large population across the globe is accelerating the market growth. For instance, The New York Times has reported that approximately 2.3 million subscribers have subscribed to the digital newspaper in 2020. Moreover, the rising investment by the media companies in digital publishing globally is expected to boost the market growth during the forecast period. The digital newspaper is estimated to continue to be an attractive platform for premium segment readers and image advertisers across the globe.

 

Digital Newspapers & Magazines Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

Key market players are focusing on acquisitions and launching new functions to meet consumers’ expectations by offering trending digital newspapers & magazine formats. For instance, The New York Times has announced the acquisition of The Athletic, a digital subscription-based sports media business. This acquisition will help The New York Times in a position to be a global leader in sports journalism and offer English speakers around the globe. Moreover, vendors are expanding their reach across the globe with an innovative business model. 

 

Some of the key players operating in the global digital newspapers & magazines market include:

  • News Corporation
  • The New York Times
  • Nine Entertainment Co.
  • Schibsted Media Group
  • Axel Springer SE
  • Daily Mail and General Trust
  • Gruppo Editoriale L'Espresso
  • Johnston Press
  • Readly
  • Zinio LLC.
  • Magzter

 

Order a free sample PDF of the Digital Newspapers & Magazines Market Intelligence Study, published by Grand View Research. 

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