LONDON--(BUSINESS WIRE)--According to Technavio’s latest report, the global digital magazine publishing market is expected to exceed USD 35 billion by 2020 growing at a CAGR of over 20% during the forecast period.
The global digital magazine publishing market is likely to experience substantial growth during the forecast period due to the increased penetration of the Internet and extensive use of mobile devices such as smartphones and tablets. Digital magazines provide consumers with the convenience of accessing content on multiple devices from anywhere and at any time.
According to Soumya Mutsuddi, a lead research analyst at Technavio for publishing and advertising, “The digital magazine platform is expected to grow from 14% in 2015 to 35% in 2020 in the global magazine publishing market. The number of digital magazine subscriptions is anticipated to increase due to the increased preference for digital platforms.”
In this report, Technavio covers the present scenario and growth prospects of the global digital magazine publishing market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The market is segmented into the following three regions:
Americas: largest digital magazine publishing market
The digital magazine publishing market in the Americas, is predicted to grow at a CAGR of almost 20% to exceed USD15 billion by 2020.
One of the primary reasons for its large market share is that the region has always been an early adopter of new technologies such as tablet devices and smartphones as a result of which the popularity of digital magazines had increased exponentially in this region during the mid-1990s.
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EMEA: fastest growing region for digital magazine publishing market
The digital magazine market in EMEA is expected to grow significantly during the forecast period as a result of increased adoption of smart devices and greater penetration of the Internet in the region, especially Europe.
“The growth of natural gas and oil processing industry in MEA is another factor that will facilitate trade within and beyond the region and is likely to result in an increase in the subscriptions of trade magazines in EMEA,” says Soumya.
The UK, Germany, and France were some of the key revenue-contributing countries in this region in 2015.The digital magazine publishing market in EMEA is forecast to grow at a CAGR of over 20% to exceed USD 14 billion by 2020.
APAC: digital magazine publishing market revenue to triple by 2020
The digital magazine publishing market in APAC is expected to grow at a CAGR of over 20% to exceed USD 6 billion by 2020.
The digital magazine publishing market in APAC is expected to post substantial growth during the forecast period owing to the growing population in this region and the rising disposable incomes. The revenue of digital magazine publishing market in APAC is anticipated to nearly triple by the end of 2020. India, China, and Japan are the key revenue-contributing countries in the region.
Some of the other prominent vendors listed in the report are: Advance Publication, American Media, New York Media, Pamela Drucker Mann, Trusted Media Brands, Rodale, TEN: The Enthusiast Network, The Newsweek Daily Beast, and Wenner Media.
Browse Related Reports:
- Global Magazine Publishing Market 2014-2018
- Global Newspaper Publishing Market 2014-2018
- Global Digital Newspaper Publishing Market 2015-2019
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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