Digital Publishing Market Size, Share and Forecast [2029]

Fortune Business Insights

Companies featured in the global digital publishing market are Adobe, Apple, Amazon, Alphabet, Comcast, Georg von Holtzbrinck GmbH & Co. KG, Netflix, RELX Plc, Thomson Reuters Corp, Xerox Corp.

Pune, India, Oct. 19, 2022 (GLOBE NEWSWIRE) — The world digital publishing market The size is expected to gain momentum due to the increasing digitization of books and educational information. Fortune Business InsightsMT presented this information in its report entitled “Digital publishing market share, 2022-2029 ».

COVID-19 has had a substantial impact on the global market

COVID-19 has had a substantial impact on traditional print books. Governments in various countries have imposed lockdowns, leading to the closure of many publishing houses and bookstores. Meanwhile, readers spent the majority of their time reading e-books. During the lockdown, physical book sales in India fell by 80%, while e-book sales nearly doubled. Previously, pre-COVID-19 e-books were popular among millennials; however, the demand for post-COVID-19 e-books has increased significantly among all end users and is expected to drive the market over the forecast period.

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Drivers and Constraints –

The growing popularity of e-books to increase market growth

With the introduction of smart electronic devices over the years, informational content and media such as e-books have been released on digital platforms. E-books have grown in popularity among end users around the world in recent years. As a result, many digital publishing providers have created a dedicated app platform where users can access a large number of e-books to read on smartphones, tablets, laptops, and other devices. Due to this factor, the demand for e-book reading is increasing which is expected to propel the growth of the market. However, excessive internet usage may hamper the growth of the digital publishing market

Regional outlook –

North America will hold a major share of the global market

North America is expected to hold the largest digital publishing market share in the global market. Growing demand for digital enhanced publications is expected to drive the digital publishing market in this region. The presence of major market players such as Adobe Inc., Apple Inc., Amazon.com Inc., Alphabet Inc. and others involved in partnership, acquisitions, new product development and product enhancements promote market growth in this region. .

During the forecast period, Asia-Pacific is expected to witness significant growth. Growing digitization and adoption of e-books and magazines in India, Singapore, South Korea, and other countries is expected to drive rapid market growth in this region. Moreover, the presence of sufficient number of sellers in the market is boosting the demand for e-books in the region.

Market segmentation –

On the basis of type, the market is divided into textual content, video content and audio content. Based on application, the market is segmented into smartphones, laptops, PCs and others. On the basis of end-user, the market is fragmented into scientific, technical and medical (STM), legal and commercial, and others. Geographically, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Segmentation:

By type

  • Text content

  • Video content

  • audio content

By request

  • smartphones

  • Laptop

  • computer

  • Others

Per end user

By geography

  • North America (USA and Canada)

  • Europe (Poland, Hungary, Turkey, Spain, Czech Republic and Rest of Europe)

  • Asia-Pacific (India, Thailand, Malaysia, Singapore, South Korea and Rest of Asia-Pacific)

  • Middle East and Africa (UAE, South Africa and Rest of Middle East and Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Report cover –

The report covers a detailed analysis of the digital publishing industry. The report includes information on the restraining and driving factors including growth opportunities and challenges faced by the industry. Additionally, it includes data on the cumulative impact of COVID-19 coupled with the strategies employed by prominent players in the market.

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Competitive Landscape –

Amazon.com Inc. to Acquire Metro-Goldwyn-Mayer

In May 2021, Amazon.com Inc. purchased Metro-Goldwyn-Mayer, a media company based in California, USA. This acquisition cost approximately $9 billion and Amazon.com Inc. intends to expand its digital platform and customer base.

Additionally, Adobe Inc., Amazon.com Inc., Alphabet Inc., Comcast Inc., and others are forming strategic alliances and collaborations to grow their businesses. To accelerate the growth of the market, market players are focusing on new product launches and product enhancements to existing products.

Companies featured in the Global Digital publishing market –

Notable industry development

December 2018: Comcast Inc. collaborated with Blockgraph, a television advertising company based in New York, USA. Comcast Inc. launched a new platform with a secure way to use data and share information for advanced television advertising through this collaboration.

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