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 

Key Highlights:

• The report recognizes the following as some of the key players in the publishing market: Amazon.com Inc., Bertelsmann SE and Co. KGaA, Bloomsbury Publishing Plc, Cambridge University Press, Georg von Holtzbrinck GmbH and Co. KG, John Wiley and Sons Inc., McGraw Hill LLC, News Corp., Oxford University Press, Pearson Plc, PLANETA CORPORACION Srl, RELX Plc, Scholastic Corp., Springer Verlag GmbH, Thomson Reuters Corp., Vivendi SE, and Wolters Kluwer NV
• Publishing Market is fragmented in nature.
• Market to observe 1.32% YOY growth in 2023.

Market Dynamics:

Trend

• The rise in the number of indie and self-published authors is a key trend in the market.
• Self-publishing enables indie authors to eliminate the risk of losing their rights and control of their books to traditional publishers.
• In self-publishing, authors can earn 60%-80% of their books' listed price as royalty.
• The rise in the number of indie and self-published authors will increase the number of self-published titles.
• These factors will support the publishing market growth during the forecast period.

Challenge

• Privacy and cybersecurity issues while surfing online content challenge the growth of the publishing market.
• Tracking cookies to customize advertising and target audiences helps service providers to collect data.
• Also, this collected data includes customer behavior used for customer profiling and data mining.
• Market vendors rely heavily on computer-based networks and the Internet, making the market vulnerable to security-related issues.
• Other problems include data theft, which is common in virtual worlds.
• Hence, such challenges impede the growth of the publishing market during the forecast period.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

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

Related Reports:

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.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Platform

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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