NEW YORK, Nov. 12, 2021 /PRNewswire/ — According to the research report “Digital Publishing Market – Forecast and Analysis Report 2021-2025“, the market is expected to have a YOY growth rate of 9.75% in 2021 and is expected to grow at a CAGR of 13% between 2020 and 2025.
APAC is the largest market for digital publishing. The growing digital text market will facilitate the digital publishing market growth in APAC over the forecast period.
View Sample: to know additional highlights and key points on various market segments and how they will impact in coming years.
Vendor Insights
The Digital Publishing Market is fragmented with the presence of several global and regional players. The report also offers information on several market vendors, including Adobe Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., Comcast Corp., Georg von Holtzbrinck GmbH & Co. KG, Netflix Inc., RELX Plc, Thomson Reuters Corp., and Xerox Corp. among others.
Some of the leading players in the market are deploying growth strategies such as strategic partnerships to compete in the market.
In November 2020, Apple Inc. launched Xfinity home offering called self-protection to prevent package theft.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
With 41% of the growth APAC will provide maximum growth opportunities in the digital publishing market during the forecast period. China and India are the key markets for digital publishing in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/digital-publishing-market-industry-analysis
Key Market Trends & Challenges:
The report identifies scope for varied players to enter the market as the major trend. With vendors such as Amazon diversifying and venturing into the digitized content market, there is scope for other varied market players to enter into the low-capital digital publishing market. The boom in terms of adoption and growth of digital content across product segments, including video, audio, and text formats, is the primary reason for these vendors to enter the market. Moreover, vendors are always looking to diversify their offerings and venture into new markets such as digital publishing which is expected to positively impact the market growth.
High subscription costs might inhibit the growth of the market. The majority of the population worldwide is in the middle-class bracket, who in general are reluctant to pay high subscription fees. Whereas, vendors such as Netflix have primarily targeted the high-income segment of the society, with premium shows and better-quality videos, at a higher subscription cost. This…
Read More: Digital Publishing Market Size to Increase by USD 65.31 Billion |