Digital Publishing And Content Streaming
Global Digital Publishing Market to Reach $223.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Digital Publishing estimated at US$105.7 Billion in the year 2020, is projected to reach a revised size of US$223.3 Billion by 2027, growing at a CAGR of 11.3% over the analysis period 2020-2027. Text Content, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$105.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Video Content segment is readjusted to a revised 11.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $29.1 Billion, While China is Forecast to Grow at 15.2% CAGR
The Digital Publishing market in the U.S. is estimated at US$29.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$46.2 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$31.3 Billion by the year 2027.
Audio Content Segment to Record 10.2% CAGR
In the global Audio Content segment, USA, Canada, Japan, China and Europe will drive the 10.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.1 Billion in the year 2020 will reach a projected size of US$23 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 11.3% CAGR through the analysis period.
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