Major companies in the newspaper and magazine publisher market include Bertelsmann SE & Co KGaA, Kadokawa Corporation, Axel Springer SE, AARP, News Corporation, Tribune Media Company, RCS MediaGroup S.
New York, March 08, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Newspaper & Magazines Publishers Global Market Report 2022” – https://www.reportlinker.com/p06243808/?utm_source=GNW
pA, Meredith Corporation, LSC Communications Inc. and The New York Times Company.
The global newspaper and magazine publisher market is expected to grow from $188.94 billion in 2021 to $197.62 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $224.57 billion in 2026 with a CAGR of 3.2%.
The newspaper and magazine publishers market includes revenue generated by entities (organizations, sole proprietorships, or partnerships) that produce and distribute publications, including magazines, newspapers, and directories, and sell and prepare advertisements. The publishing industry produces material in printed or digital form.
The main types of newspaper and magazine publishers are magazines and newspapers. A magazine is a type of monthly publication produced in both glossy and matte paper.
Magazines are published regularly and cover a wide range of topics. The different platforms include print, digital and involve various business models such as subscription, advertising.
Asia-Pacific was the largest region in the newspaper and magazine publisher market in 2021. Middle East is expected to be the fastest growing region during the forecast period.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing use of social media for communication and information sharing is expected to drive demand for newspapers and magazines, especially in digital format. Individuals use social platforms to share information and stay in touch with family and friends.
As more time is spent on social networking sites, news articles are increasingly being shared digitally. In 2019, around 3.48 billion people used social media, indicating widespread use of social media. The growing use of social media is expected to drive the growth of the newspaper and magazine publisher market in the future.
The coronavirus disease (COVID-19) outbreak acted as a significant drag on some of the newspaper and magazine publisher markets in 2020 as businesses were disrupted due to government lockdowns around the world. COVID 19 is an infectious disease with flu-like symptoms such as fever, cough and difficulty breathing.
The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. taken by national governments to contain transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of “lockdown”.
The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, many media markets have not been affected or have benefited as they transmit their content remotely through digital channels .
The newspaper and magazine publishers market is expected to recover from the shock throughout the forecast period as it is a “black swan event” and not related to any ongoing weaknesses or fundamentals of the market or the global economy.
The rise of social media and the growing volume of consumer data are driving the growth of the newspaper and magazine industry. Newspaper and magazine publishers can gain broad and deep visibility to their consumers, distributors and other stakeholders.
Publishers with the digital-first model invest heavily in building an in-house data and analytics team. For example, Next Big Sound’s Next Big Book app provides a dashboard for the publishing industry that offers sales information, publicity events, social media, and web trending data on a regular basis for provide a holistic view of book performance.
It will highlight the most influential factors such as news preferences, columnist preferences, and genre preferences.
Countries covered in the Newspaper and Magazine Publishers market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic , Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria , Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
Read the full report: https://www.reportlinker.com/p06243808/?utm_source=GNW
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