Global Digital Publishing Market

Digital Publishing Market Size, Share, Growth Analysis, By Content Type(Text Content, Video Content), By Solution(Digital Publishing Platforms, Digital Publishing Services (Consulting), By Application(Smartphones, Laptops), By End-user(Scientific, Technical) - Industry Forecast 2024-2031


Report ID: SQMIG50X2003 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 125 | Figures: 77

Digital Publishing Market Insights

Digital Publishing Market size was valued at USD 170.24 billion in 2019 and is poised to grow from USD 186.77 billion in 2023 to USD 367.19 billion by 2031, growing at a CAGR of 9.67% in the forecast period (2024-2031).

Digital publishing is also referred to as e-publishing or online publishing. It includes posting of digital content on websites, social media platforms, and search engines in the form of text, audio, and video. Online technology is used in digital publishing to print and distribute content globally in digital form. Companies that specialize in digital publishing create digital material such as financial magazines, medical journals, newsletters, and advertising. People have modified their learning style and moved away from traditional printed books in favor of digital formats like tablets, smartphones, and e-readers as a result of increasing internet and electronic device usage among end users. As a result, the growing digitization of books and educational materials contributes significantly to the expansion of the digital publishing industry.

With the introduction of smart electronic devices over the years, media and information content have been released on digital platforms like e-books. E-books have become incredibly popular among end users all around the world in recent years. Accordingly, several digital publishing companies have developed specialized application platforms that give users access to a variety of e-books that can be read on smartphones, tablets, computers, and other devices. This is causing a rise in the popularity of reading electronic books, which is likely to fuel industry expansion.

US Digital Publishing Market  is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Digital Publishing Market size was valued at USD 170.24 billion in 2019 and is poised to grow from USD 186.77 billion in 2023 to USD 367.19 billion by 2031, growing at a CAGR of 9.67% in the forecast period (2024-2031).

The market for digital publishing is moderately fragmented. Major market participants including Adobe Inc., Amazon Inc., Alphabet Inc., Comcast Inc., etc. are forming strategic alliances and working together to grow the company. To speed up market expansion, industry players are concentrating on the introduction of new products and the improvement of current products. 'Amazon', 'Apple', 'Google', 'Tencent', 'Rakuten Kobo', 'Barnes & Noble', 'Hachette Livre', 'Pearson', 'HarperCollins Publishers', 'Simon & Schuster', 'McGraw-Hill Education', 'Wolters Kluwer', 'Springer Nature', 'Cengage Learning', 'John Wiley & Sons', 'Reed Elsevier (RELX Group)', 'Scholastic Corporation', 'Penguin Random House', 'Elsevier', 'Oxford University Press'

Major vendors such Quad/Graphics, LSC Communications, Cimpress, and Cenveo have declared that the dangers involved with their line of work relate to technological advances, including electronic substitution and the shift of paper-based documents to digital data formats. With the introduction of smart electronics over time, content and media are now supplied digitally rather than on paper. 

Proliferation of Mobile Industry: One of the important digital publishing market trends boosting the expansion of the digital publishing industry is the proliferation of mobile applications. India, Brazil, the US, Indonesia, and Russia were the top five countries with the most recent Google Play installs. India had more than 4.7 billion installs.

Based on the region, the Asia Pacific region currently dominates the digital publishing market. The need for digital publishing in this region is expected to increase due to the growing need for improved digital publications. Major digital publishing market players including Adobe Inc., Apple Inc., Amazon.com Inc., and Alphabet Inc. are present and actively engaged in partnerships, acquisitions, the development of new products, and product improvements, which promotes digital publishing market expansion in this area. For instance, Comcast Inc. unveiled a fresh method of integrating television advertising campaign management.

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Global Digital Publishing Market

Product ID: SQMIG50X2003

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