Publishing Market size to grow by USD 18.35 billion during 2022-2027 | Growing impact of e-books to drive the growth - Technavio
NEW YORK, Sept. 21, 2023 /PRNewswire/ -- The publishing market size is expected to grow by USD 18.35 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 1.14% during the forecast period. The market is segmented by Platform (Traditional and Digital), Type (Book publishing, Magazine publishing, and Newspaper publishing), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). Changing business dynamics of the publishing industry drives the publishing market. As a result of the advent of e-readers such as the Kindle, increased use of iPads, tablets, and smartphones, and deep discounts on e-books, major publishers focus on strengthening their presence in the e-book market. Most publications make the leap to digital platforms by launching websites and other online services such as email newsletters, RSS (Rich Site Summary) feeds, and news apps. They experiment with content, such as distributing various supplements to this paper, and thus, along with changing consumer needs, trends in the newspaper industry are also changing. Hence, such factors drive the growth of the publishing market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample
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The traditional segment will account for a significant share of the market's growth during the forecast period. Traditional print newspapers are a major source of revenue for news publishers. Newspaper publishers use various business models to gain a competitive advantage in the market. In the paid model, revenue is generated from newspaper circulation and advertising. The marketing model refers to performance-based or reach-based revenue. The classified ad model depends on the sales of classified ads. These factors will drive the growth of the segment during the forecast period. Get a glance at the market contribution of the segments, Request a Free Sample
The digital educational publishing market size is estimated to grow at a CAGR of 16.13% between 2022 and 2027. The market size is forecast to increase by USD 14,059.19 million. This digital educational publishing market report extensively covers market segmentation by end-user (K-12, higher education, and corporate and skill-based), product (digital textbooks, digital assessment books, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the digital educational publishing market growth is the competitive pricing of online content.
The comic book publishing market size is estimated to grow at a CAGR of 4.88% between 2022 and 2027. The market size is forecast to increase by USD 3,778.35 million. This comic book publishing market report extensively covers market segmentation by genre (science-fiction, manga, superhero, non-fiction, and others), platform (non-digital and digital), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The growing availability of comic books on e-commerce sites is notably driving the market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Platform
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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