News & Magazines - Nigeria
Nigeria- The projected total revenue in the News & Magazines market in Nigeria is expected to reach US$3.65m in 2022.
- It is anticipated that the total revenue will show an annual growth rate (CAGR 2022-2027) of 15.21%, resulting in a projected market volume of US$8.03m by 2027.
- In Nigeria, the projected in-app purchase (IAP) revenue in the News & Magazines market is expected to reach US$195.80k in 2022.
- The projected paid app revenue Nigeria's News & Magazines market is expected to reach US$33.03k in 2022.
- Additionally, the projected advertising revenue Nigeria's News & Magazines market is expected to reach US$3.43m in 2022.
- It is projected that the number of downloads Nigeria's News & Magazines market will reach 1.99m downloads in 2022.
- Currently, the average revenue per download is expected to amount to US$1.84.
- A global comparison reveals that United States generates the most revenue in the News & Magazines market, with US$4.42bn in 2022.
- Key regions:
- Japan,
- Europe,
- India,
- Germany,
- United States
Definition:
The News & Magazines market contains apps that deliver the latest news and content. Most of the major news outlets such as CNBC and Newsmax TV have their own apps to provide breaking news and send regular notification messages. Online newspapers and magazines have apps that show some free content but whose complete access is only available to paying subscribers. Additionally, the aggregation site Reddit has an app that delivers internet articles and posts from all over the world.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
