News & Magazines - Belgium

Belgium

Belgium's News & Magazines market is projected to reach a total revenue of US$55.15m in 2022.
This represents a significant growth potential for the industry.
The market is expected to show a strong annual growth rate of 12.43% from 2022 to 2027, resulting in a projected market volume of US$107.70m by 2027.
This indicates a positive outlook for the industry in the coming years.
In terms of revenue streams, in-app purchase (IAP) revenue in the News & Magazines market is projected to reach US$4.57m in 2022.
This revenue stream is expected to contribute to the overall growth of the market.
Additionally, paid app revenue in the News & Magazines market is projected to reach US$0.03m in 2022.
This highlights the potential for monetization through paid apps in the industry.
Furthermore, advertising revenue in the News & Magazines market is projected to reach US$50.55m in 2022.
This revenue stream plays a crucial role in sustaining the industry and attracting advertisers.
It shows the importance of advertising as a source of revenue for news and magazine publishers.
The number of downloads in the News & Magazines market is projected to reach 3.99m downloads in 2022.
This indicates a strong demand for digital content within the industry.
Moreover, the average revenue per download is expected to amount to US$13.83.
This metric provides insights into the profitability of each download and the potential for revenue generation.
A global comparison reveals that in the United States generates the highest revenue in the News & Magazines market, projected to reach US$4,425.00m in 2022.
This highlights the dominance of the US market and its significance in the global news and magazine industry.
Overall, the News & Magazines market in Belgium shows promising growth potential, with various revenue streams contributing to its expansion.
The projected figures demonstrate the importance of digital platforms and advertising in driving revenue in this sector.

Key regions: Japan, Europe, India, Germany, United States

Market

Region

Region comparison

Currency

Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.