USD 2.15 billion
News and Magazines App Market Size, Share, Growth Analysis, By Type(News App, and Magazines App), By Platform(iOS, and Android), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2091 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
61
|Figures:
75
News and Magazines App Market Insights
Global News and Magazines App Market size was valued at USD 2.15 billion in 2022 and is poised to grow from USD 2.39 billion in 2023 to USD 5.59 billion by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).
Growing trend of custom isolation news feed in the world increases demand of market. A surge in the rate of adoption of an offline reading mode in Asia Pacific has been driving market in that region. Additionally, the rising need for news updates in real-time from Associated Press of European Union is some aspect that would contribute to the development of this market on a high note. But, in addition, high demand for built-in audio-based magazine apps from the consumer of UK is reinforcing the market development. Several industries supply chains were in part destroyed by national lockdowns that have been initiated across the globe by different government officials. Different media house partners are airing the alerts because various disease outbreaks around the world have different health impact/reality. The broader adoption of in-app news and magazines app services as well as the rapid opting consumer migration to the apps that run on a cloud storage-based rating service took a colossal jump for news and magazine apps. News & magazines based on offline mode were the choice of many in pandemic era due to increased preference for services delivery through an app that managed offline podcasts. The on-demand video content consumers in India have triggered enormous demand for the videos creating, and developing factors as well as growing market Further, the implementation of primary statistical heads for financial news app is driving market growth. On the other hand, overconsumption of advertisement tool is an impeding factor for market development. Currently, major companies are developing strategies for adopting multiple access News and magazines apps. The market is therefore likely to have notable growth of the round during the forecast period.
Recently, in line with the technological advancements in developing the apps including artificial intelligence, data science and big data; it is seen that this market may grow quickly in forecast period as well. Additionally, penetrating the subsidiaries in increasing levels of app reader engagement and personalization is forecast to drive market progress. In addition, the rising rate of market has accelerated by the increasing number of penetration internet and smartphone around the world. Increasing investment by Apple Inc. in facilitating news screens with curated tops accounts from all over the world is boosting the market growth. Increasing demand live streaming, day and night video and audio stream boosts the growth of the market. The increasing needs of sending immediate news alerts with a wise mode that allows easiness in readability is adding up the need for market development. The increasing interest in personalized news where the Americans receive customized channels is likely to spur accelerated market growth. The services provided by the key players of the market consists of the share and repost facility, Mp4 player facility, and customized text message feature. Introducing the increasing focus on AI-curated news and magazines app, this pressure fuels the market expansion. In a significant way, the key players of this market are assisting through an approach that is compatible with news & magazines app through Android and iOS-based platforms. The increasing acceptance of synchronized requirements for the news app for finance will go ahead in retightening the market growth.
US News and Magazines App Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
News App
Fastest Growth
News App
Growth Rate
11.2% CAGR
Global News and Magazines App Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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News and Magazines App Market Segmental Analysis
The Global News and Magazines App market is segmented by packaging type, platform, and region. Based on type, the market can be segmented into news apps, and magazines apps. Based on platform, the market is segmented into iOS, and android. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
News and Magazines App Market Analysis by Type
By type the market can be segmented into news apps, and magazines apps. News apps hold the largest share due to the increased demand for real-time news and updates. The convenience of accessing news anytime, anywhere, and the ability to personalize the news feed according to individual interests and preferences are the major factors driving the growth of news apps. Additionally, news apps offer a wide range of news from multiple sources, including local, national, and international news, making them a popular choice among users.
On the other hand, while magazine apps have a smaller market share, they are considered to be the fastest-growing segment. Magazine apps offer users the convenience of accessing digital versions of popular magazines on their smartphones and tablets. The availability of interactive content, such as videos and audio, makes the reading experience more engaging and enjoyable. Furthermore, magazine apps offer users the option to subscribe to their favorite magazines, providing access to exclusive content and early releases.
News and Magazines App Market Analysis by Platform
By platform, the market can be segmented into iOS, and android. iOS dominates the market due to the higher purchasing power and brand loyalty of Apple users. On the other hand, Android dominates in developing countries due to the affordability and availability of Android devices.
Android is currently the fastest growing platform in the global news and magazines app market. This can be attributed to the increasing number of affordable Android devices, especially in emerging markets, and the adoption of Android devices among younger demographics. Additionally, the Android operating system is open source, which makes it easier for developers to create apps and for users to customize their devices.
Global News and Magazines App Market Size By Type, 2022 (%)
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News and Magazines App Market Regional Insights
North America emerged as the dominating region in the global news and magazine app market. The region's dominance is primarily due to the high adoption rate of smartphones and internet services among the population, along with the growing preference for on-demand video and audio streaming. In addition, there is a rising demand for customizable news channels in the United States, which is set to drive market growth in the region. Key players in the North American market include Apple, The New York Times, and CNN, among others.
On the other hand, the APAC region is projected to register as the fastest-growing region in the global news and magazine app market. The growth in the region is driven by the rising adoption of an offline reading mode, which has become increasingly popular during the pandemic. The region's large population and increasing internet and smartphone penetration rates have also contributed to the growth of the market. Moreover, the region has seen significant growth in the demand for real-time news updates from the Associated Press of the European Union. Key players in the APAC market include Tencent, Bytedance, and Alibaba, among others.
Global News and Magazines App Market By Geography, 2022-2030
- Largest
- Fastest
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News and Magazines App Market Dynamics
News and Magazines App Market Drivers
Rising Adoption of Personalized News Feeds
- The rising adoption of personalized news feeds and increasing demand for on-demand video and audio streaming are key drivers of the global news and magazine app market. Personalized news feeds have become increasingly popular worldwide, leading to significant market growth. Additionally, the increasing demand for on-demand video and audio streaming has led to the development of new and innovative news and magazine apps that cater to this demand. These drivers are expected to continue fueling market growth in the coming years.
News and Magazines App Market Restraints
Excessive Use of Advertising Tools
- One major restraint in the global news and magazine app market is the excessive use of advertising tools by some key players. These tools can negatively impact the user experience and lead to a decrease in user engagement and retention. Moreover, users may become frustrated with the amount of ads they are exposed to and may choose to switch to ad-free alternatives. This can lead to reduced revenue for app developers and hinder the growth of the market. As such, striking a balance between advertising and user experience is crucial for sustained market growth.
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News and Magazines App Market Competitive Landscape
The global news and magazine app market is highly competitive, with numerous players competing for market share. Market players are focusing on innovation and differentiation to remain competitive in the market. The market is characterized by the presence of established players as well as new entrants. Some of the key strategies adopted by players in the market include partnerships and collaborations, product launches, and mergers and acquisitions. Furthermore, market players are focusing on leveraging advanced technologies such as artificial intelligence and data science to offer enhanced personalized experiences to users.
News and Magazines App Market Top Player’s Company Profiles
- Apple Inc. (US)
- The New York Times (US)
- CNN (US)
- Tencent (China)
- Bytedance (China)
- Alibaba (China)
- News Corp (US)
- Yahoo! (US)
- The Guardian (UK)
- ABC News (US)
- BBC News (UK)
- The Wall Street Journal (US)
- NBC News (US)
- The Washington Post (US)
- Flipboard (US)
- Google News (US)
- BuzzFeed (US)
- Time (US)
- Forbes (US)
- HuffPost (US)
News and Magazines App Market Recent Developments
- In April 2023, BuzzFeed announced the launch of a new subscription-based news app called “Buzzfeed+”, that offers user exclusive content from BuzzFeed's journalists and contributors.
- In March 2023, Reuters announced a partnership with the news app SmartNews to distribute its content to SmartNews users in Japan.
- In February 2023, digital news organization Vox Media acquired the news website Gothamist, expanding its local news coverage in New York City.
- In January 2023, Facebook announced the launch of a new feature called News Feed+, which would allow users to access news articles and videos from a variety of sources within the app.
- In January 2022, digital news aggregator Flipboard raised $65 million in funding to expand its platform and improve its algorithms.
News and Magazines App Key Market Trends
- One of key market trends in the global news and magazine app market is the increasing demand for personalized content. As consumers become more digitally savvy and discerning in their content consumption, they are seeking more tailored news and magazine content that aligns with their interests and preferences. As such, app developers are focusing on leveraging advanced technologies such as artificial intelligence and data analytics to offer personalized recommendations to users. This trend is expected to continue as users increasingly seek content that is relevant and meaningful to them.
News and Magazines App Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global news and magazine app market is characterized by the increasing adoption of customized news feeds, offline reading modes, and audio-based magazine apps. The market is expected to see significant growth during the forecast period, driven by technological advancements in artificial intelligence and big data, increasing reader engagement through personalization, and growing internet and smartphone penetration rates. However, the excessive use of advertising tools remains a major restraint in the market, with key players focusing on striking a balance between advertising and user experience. The market is highly competitive, with established players and new entrants competing through partnerships, product launches, and mergers and acquisitions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.15 billion |
| Market size value in 2031 | USD 5.59 billion |
| Growth Rate | 11.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on News and Magazines App Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on News and Magazines App Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the News and Magazines App Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the News and Magazines App Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the News and Magazines App Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the News and Magazines App Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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