What is the global market size of Webtoons Market?

Global Webtoons Market size was valued at USD 3.7 billion in 2021 and is poised to grow from USD 5.06 billion in 2022 to USD 84.93 billion by 2030, growing at a CAGR of 36.8% in the forecast period (2023-2030).

Webtoons Market Size, Share, Growth Analysis, By Product(Subscription Based, Advertisement Based), By Genre(Action, Sci-fi, Horror, Comedy), By Devices(Mobiles, Tablets, Computers, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45E2079 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 93 | Figures: 76

Webtoons Market Insights

Global Webtoons Market size was valued at USD 3.7 billion in 2019 and is poised to grow from USD 5.06 billion in 2023 to USD 84.93 billion by 2031, growing at a CAGR of 36.8% in the forecast period (2024-2031).

Webtoons are sorts of digital comics that was created in South Korea which was meant to be read on smartphones and computers. Most of individuals across the globe have acess to internet connection, which has brought a great expanse in the number of customers leaning towards webtoon. Rising development of subcriptions in mobile apps has prompted an upsurge in web-based activities made accessible on different entertainment platforms including action comics, series, digital comic, and others. Webtoon and digital innovations considerably reduced the expense of digital image creation by diminishing the requirement for drawing devices. Webtoons market is commonly saturated in nations such as South Korea, Taiwan, Vietnam, Malaysia and due to which the webtoons trends is getting sluggish tractions in other key countries such as U.S., Canada, UK, India etc.

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

Webtoons Market Report Snapshots

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The Webtoons Market is consolidated, with the existence of limited number of firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Sidewalk Group, NHN Comico Corp., Marvel Unlimited, Kakao Corp., Naver Webtoon Corp., Lezhin Entertainment, Bomtoon, Tappytoon, Daum Webtoon And Company and Izneo Webtoon are driving the market. 'LINE Webtoon', 'Lezhin Comics', 'Toomics', 'Naver Webtoon', 'Tapas Media', 'KakaoPage Corp.', 'Comico', 'Bomtoon', 'Spottoon', 'TappyToon', 'Manhwa Manga Entertainment', 'MangaToon', 'NetComics', 'DailyToon', 'Fivestar Comics', 'Mr. Blue', 'Cartoon Network', 'Daum Webtoon', 'D&C Media Co., Ltd.', 'Bilibili Inc.'

Rise in the growth of mobile based subscriptions, has led to an expansion in online operations, that is made available on numerous entertainment platforms involving digital comics, action comics, series and other readables.

Most of individuals across the globe have acess to internet connection, which has brought a great expanse in the number of customers leaning towards webtoon.

Asia Pacific webtoons market held the largest global webtoons market share in the past, as the major consumption of digital comics is within Asia Pacific countries. The impact of Korean wave is obviously noticeable across the globe particularly among the nations like Singapore, China, Indonesia, India, Vietnam, among others in the Asia Pacific region. Therefore it is expected to vigorously impact the market development by 2028. Moreover, the rise of different webtoon designer organizations and consultants is likely to provide additional support to the market development throughout the next few years.

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Webtoons Market Size, Share, Growth Analysis, By Product(Subscription Based, Advertisement Based), By Genre(Action, Sci-fi, Horror, Comedy), By Devices(Mobiles, Tablets, Computers, Others), By Region - Industry Forecast 2024-2031

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