Wilmington, DE, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The global webtoons market is driven by factors such as the rise in the adoption of digital platforms and devices such as smartphones and tablets by leading companies worldwide to invest more in technological developments and the increasing usage of the internet. Based on type, the comedy segment generated the highest market share in 2021 and is expected to maintain its dominance throughout 2030. Regionally, Europe is expected to manifest the fastest CAGR in 2030.
As per the report published by Allied Market Research, the global webtoons market is predicted to garner a revenue of $56.1 billion by 2030. The market accounted for $3.7 billion in 2021 and is anticipated to rise at a noteworthy CAGR of 36.8% from 2022 to 2030. The report offers a panoramic analysis of altering market dynamics, value chains, top segments, key investment pockets, regional insights, and competitive scenarios.
The global webtoons market is predicted to see prominent growth owing to the adoption of digital platforms and devices such as smartphones and tablets by renowned organizations to spend more on technological advancements and the rising use of the internet. Furthermore, the increasing utilization of digital comics to minimize requirements for drawing instruments including drawing pens and screen tone is predicted to create extensive growth opportunities for the market over the analysis timeframe.
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By type, the comedy segment generated the highest market share in 2021, contributing to nearly one-fourth of the global webtoons market, and is predicted to continue steady growth over the analysis timeframe. However, the romance segment is expected to showcase the highest CAGR of 37.7% over the forecast period.
By revenue model, the adds bases segment accounted for the maximum market share in terms of revenue in 2021, generating more than half of the global market. On the contrary, the subscription segment is expected to grow at the greatest CAGR of 41.5% during the estimated timeframe.
Based on region, the Asia-Pacific region held the largest market share in 2021, providing more than two-thirds of the global market, and is expected to rule the roost by 2030. However, Europe is expected to exhibit the fastest CAGR of 39.0% over the analysis timeframe. The report also presents a regional analysis of Europe and LAMEA.
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Prominent market players:
- Izneo Webtoon
- NAVER Corp.
- Webtoon Factory
- Kakao Corp.
- KidariStudio
- Lezhin Entertainment
- Ridibooks (RIDI Corp)
- ToryComics
- Toomics Global
- Tappytoon
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
