Webtoons Market Size Forecasted To Achieve $31.21 Billion By 2029 With Steady Growth

The Webtoons Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Webtoons Market Size and Projected Growth Rate?
The webtoons market has experienced exponential growth in recent years. It is projected to grow from $8.24 billion in 2024 to $10.78 billion in 2025, at a CAGR of 30.8%. This growth can be attributed to the increasing popularity of digital comics and online storytelling, the widespread use of smartphones, demand for mobile-friendly and accessible entertainment, the trend toward digitalization, and the increasing consumption of content on mobile devices.

The webtoons market is expected to see explosive growth, reaching $31.21 billion by 2029 with a CAGR of 30.4%. This expansion is driven by the rising use of digital platforms and devices, the growth of mobile-based subscriptions, increasing demand for webtoons via mobile phones, PCs, tablets, and rising internet use. Key trends include technological advancements, product innovation, mergers and acquisitions, partnerships between broadcasting networks, and the expansion of licensed content.

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What Are the Major Segments in the Webtoons Market?
The webtoons market covered in this report is segmented -

1) By Product: Subscription Based, Advertisement Based
2) By Genre: Action, Science Fiction (Sci-Fi), Horror, Comedy, Romance, Other Genres
3) By Application: Mobile Phone, Personal Computer (PC) Or Notebook, Tablet Computer, Other Applications

Subsegments:
1) By Subscription-Based: Monthly Subscription, Annual Subscription, Pay-Per-Chapter
2) By Advertisement-Based: Banner Ads, Video Ads, Sponsored Content

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What Are The Driving Webtoons Market Evolution?
The growth of digital entertainment platforms is expected to boost the webtoon market. Digital platforms, which offer streaming services for movies, music, TV shows, and video games, are increasingly popular due to their cost efficiency and ability to cater to consumer preferences. Webtoons, a form of digital entertainment, thrive on these platforms, attracting large audiences and offering monetization and community-building opportunities. In 2023, Netflix saw a 6.6% revenue increase, reaching $33.7 billion, with its global subscriber base expanding to 238.3 million. The rise of digital platforms is thus enhancing the webtoon market.

Which Firms Dominate The Webtoons Market Segments?
Major companies operating in the webtoons market are NAVER Corporation, Kakao Corporation, Bilibili Inc., KRAFTON Inc., NETMARBLE Corporation, KIDARISTUDIO Inc., D&C Media Co.Ltd., Manta Media Inc., Shueisha Inc., Toomics Global Co. Ltd., RIDI Corporation, NHN Comico Corporation, Lezhin Entertainment LLC, Mr. Blue Corporation, Sidewalk Group, TappyToon, Tapas Media, NETCOMICS INC., Webtoon Factory, Foxtoon, Seven Seas Entertainment Inc., Cross Infinite World, Mangatoon HK Limited

What Trends Are Driving Growth in The Webtoons Market?
Major companies in the webtoons market are working on innovative products like serialized fiction apps to gain a competitive advantage. A serialized fiction app releases stories in installments with features like push notifications, bookmarking, and community interaction. NAVER WEBTOON Ltd., a US-based storytelling platform, launched Yonder in October 2022, a premium app for serialized fiction, offering a curated experience with hundreds of titles across genres.

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Which Is The Largest Region In The Webtoons Market?
Asia-Pacific was the largest region in the webtoons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the webtoons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Webtoons Market?
2. What is the CAGR expected in the Webtoons Market?
3. What Are the Key Innovations Transforming the Webtoons Industry?
4. Which Region Is Leading the Webtoons Market?

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