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Digital Publishing And Content Streaming Market Size, Growth, Outlook, Trends And Forecast 2024-2033
Digital Publishing And Content Streaming Market Size
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According to The Business Research Company's, The digital publishing and content streaming market size has grown rapidly in recent years. It will grow from $187.03 billion in 2023 to $212.32 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to internet penetration, mobile device proliferation, subscription-based models, content digitization, social media integration.
The digital publishing and content streaming market size is expected to see rapid growth in the next few years. It will grow to $351.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to emergence of new streaming platforms, expansion of original content, integration with smart devices, dynamic pricing models, global partnerships and licensing. Major trends in the forecast period include data privacy and security measures, advancements in streaming technology, interactive content experiences, expansion of original content production, subscription bundling and aggregation.
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Market Drivers and Trends:
The increasing internet penetration is expected to drive the growth of the digital publishing and content streaming market. With an increase in accessible technology and content providers, broadband internet is accessible for many consumers. The increased internet penetration makes a range of content published by advertisers and publishers available to the consumers. For example, in October 2022, according to DataReportal, a Singapore based online reference library, 5.07 billion people around the world were using the internet equivalent to 63.5% of the world's total population. Internet users continue to grow too, with the data, indicating that the world's connected population grew by more than 170 million in the past 12 months. Additionally, in July 2022, according to Livemint, an India based financial daily newspaper, there are a total of 692 million active internet users in India, including 351 million from rural India and 341 from urban Indian. The report estimates that there will be 900 million internet users in India by 2025. Therefore, the increasing internet penetration is expected to drive the growth of the digital publishing and content streaming market.
Major companies operating in the digital publishing and content streaming market are focusing on innovative products like podcast subscriptions to better meet the needs of their existing consumers. Podcast subscriptions are the act of keeping up with or subscribing to a podcast channel or program to automatically get frequent updates or new episodes. For instance, in February 2021, Apple Inc., a US-based technological company that manufactures electronics, launched Apple Podcasts Subscriptions. Apple Podcasts Subscriptions is a worldwide marketplace where listeners have access to exclusive subscriptions provided by their favorite producers in addition to millions of free episodes available on Apple Podcasts. Premium memberships are available to listeners in over 170 countries and regions, and provide several advantages handpicked by producers, including ad-free listening, possession of additional material, and early or special access to new programs. Premium subscriptions are going to be available from independent voices and premier studios such as Tenderfoot TV, Radiotopia from PRX, Pushkin Industries, and QCODE, as well as leading entertainment and media brands such as NPR, The Athletic, Sony Music Entertainment, and several more.
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Major Key Players of the Market:
Amazon.com Inc., Apple Inc., The Walt Disney Company, Google Play, NBCUniversal Media LLC, Discovery Inc., WarnerMedia LLC, Netflix Inc., ViacomCBS Inc., YouTube, Marcoa Publishing Inc., Adobe Inc., Spotify Technology S.A., Hulu LLC, Sirius XM Holdings Inc., Xerox Holdings Corporation, Tencent Music Entertainment Group, iHeartMedia Inc., Pandora Media LLC, Georg von Holtzbrinck, Zee Entertainment Enterprises Ltd., Vimeo Inc., SoundCloud Company, Times Internet Limited, CBS Corporation, Dailymotion Company, Hungama Digital Media Entertainment Pvt. Ltd., PageSuite Private Limited, Gallery Systems lnc., Quark Software Inc., RELX plc, Magplus Inc., Aquafadas SAS, Yudu Ltd., The maned wolf Ltd.
Digital Publishing And Content Streaming Market 2024 Key Insights:
• The digital publishing and content streaming market size is expected to see rapid growth in the next few years. It will grow to $351.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%.
• Explosive Internet Penetration Fuels The Rise Of Digital Publishing And Content Streaming
• Innovative Products Like Podcast Subscriptions Drive Growth In Digital Publishing And Content Streaming
• North America was the largest region in the digital publishing and content streaming market in 2023
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