What is the global market size of Digital Publishing Market?

Digital Publishing Market size was valued at USD 170.24 billion in 2021 and is poised to grow from USD 186.77 billion in 2022 to USD 367.19 billion by 2030, growing at a CAGR of 9.67% in the forecast period (2023-2030).

Digital Publishing Market Size, Share, Growth Analysis, By Content Type(Text Content (E-books, Digital magazines, online, articles and blogs), By Type of Publishing(Scientific Publishing, Technical Publishing, Medical Publishing, Legal Publishing), By Device Type(Smartphones, Laptops, PCs, and Others), By Solution(Digital Publishing Platforms, and Digital Publishing Services (consulting, & support, maintenance), By End User(Individual Consumers, Educational Institutions, Corporate Sector, Media & Entertainment), By Region - Industry Forecast 2024-2031

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

Digital Publishing Market News

In May 2021, Amazon.com Inc. purchased Metro-Goldwyn-Mayer, a media firm based in California, USA. Amazon.com Inc. purchased this company for around $9 billion with the intention of growing both its digital platform and client base.

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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 global 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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