Dublin, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The "Magazine Publishing Market Report by Type (Print, Digital), Application (Offline, Online), and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global magazine publishing market size reached US$ 99.7 Billion in 2022 and is forecast to reach US$ 112.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.0% during 2022-2028. The growing popularity of digital publishing, increasing penetration of smartphones and tablets across the world, rising subscriptions of digital magazines and newspapers, and emerging trend of online advertising represent some of the key factors driving the market.
Magazine Publishing Market Trends:
As a result of their enhanced convenience, flexibility, and user interactivity, digital magazines are witnessing a significant increase in demand around the world. This, coupled with the surging popularity of digital magazines among the masses owing to their cost-effectiveness, sustainability, easy access, and broader reach and delivery, represents one of the primary factors driving the market growth. In addition, the recent shift from print toward digital magazines has prompted publishers to focus on digital-first publishing, producing content, especially for online and mobile platforms.
Along with this, the increasing penetration of smartphones and tablets, the growing popularity of digital publishing, and the high public impact of printed magazines have augmented product demand. Besides this, the rising adoption of digital magazine advertising to generate brand awareness and complement the brand's marketing campaigns on other channels has catalyzed market growth.
Furthermore, recent technological advancements, such as the integration of virtual reality (VR) and augmented reality (AR) in digital media platforms, have enabled magazine publishers to attract more readers by offering more personalized and interactive content. In line with this, the changing reading habits of individuals and the escalating consumption of digital media content owing to increased online activity have propelled market growth. Other factors, including rapid digital transformation in the magazine publishing industry, rising subscriptions of digital magazines and newspapers, surging adoption of magazines as focused advertising platforms, and emerging branding applications, are also anticipated to fuel the market growth.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global magazine publishing market, along with forecasts at the global, regional, and country levels from 2023-2028. The report has categorized the market based on type and application.
Type Insights:
- Digital
The report has provided a detailed breakup and analysis of the magazine publishing market based on the type. This includes print and digital. According to the report, print represented the largest segment.
Application Insights:
- Offline
- Online
A detailed breakup and analysis of the magazine publishing market based on the application has also been provided in the report. This includes offline and online. According to the report, online accounted for the largest market share.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
According to the report, Asia-Pacific was the largest market for magazine publishing. Some of the factors driving the Asia-Pacific magazine publishing market included its increasing consumption of digital media among the expanding young population, the rising number of smartphone and internet users, augmenting demand for personalized and interactive content, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global magazine publishing market. Detailed profiles of all major companies have been provided. Some of the companies covered include Cairo Communication, CJK Group, Dazed Media, Forbes Media, Gakken Holdings, Gannett, Guardian News & Media, Hearst Communications and Kadokawa.
Key Questions Answered in This Report:
- How has the global magazine publishing market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global magazine publishing market?
- What is the impact of each driver, restraint, and opportunity on the global magazine publishing market?
- What are the key regional markets?
- Which countries represent the most attractive magazine publishing market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the magazine publishing market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the magazine publishing market?
- What is the competitive structure of the global magazine publishing market?
- Who are the key players/companies in the global magazine publishing market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Magazine Publishing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Print
6.2 Digital
7 Market Breakup by Application
7.1 Offline
7.2 Online
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
- Cairo Communication
- CJK Group
- Dazed Media
- Forbes Media
- Gakken Holdings
- Gannett
- Guardian News & Media
- Hearst Communications
- Kadokawa
For more information about this report visit https://www.researchandmarkets.com/r/iow3kw
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