News & Magazines - Saudi Arabia
Saudi Arabia- The News & Magazines market in Saudi Arabia is projected to reach a total revenue of US$12.81m in 2022.
- This represents a significant growth potential for the country's market.
- It is expected to show an annual growth rate (CAGR 2022-2027) of 14.47%, leading to a projected market volume of US$26.71m by 2027.
- In-app purchase (IAP) revenue in the News & Magazines market is projected to reach US$579.70k in 2022.
- This indicates a growing trend of users engaging with in-app purchases within the market.
- Similarly, paid app revenue is expected to reach US$57.30k in 2022, reflecting the willingness of consumers to pay for premium content.
- Advertising revenue in the News & Magazines market is projected to reach US$12.17m in 2022.
- This highlights the importance of advertising as a revenue stream within the industry.
- It also suggests that businesses are recognizing the value of advertising their products and services to the target audience.
- Furthermore, the number of downloads in the News & Magazines market is projected to reach 3.26m downloads in 2022.
- This showcases the popularity and demand for digital content within the country.
- With a high number of downloads, it is evident that consumers in Saudi Arabia are actively engaging with news and magazines through digital platforms.
- Currently, the average revenue per download is expected to amount to US$3.93.
- This metric provides insights into the monetization potential of each download, indicating the value that users place on the content they access.
- In a global comparison, it is noteworthy that United States generates the highest revenue in the News & Magazines market, reaching US$4.42bn in 2022.
- This demonstrates the dominance of the US market and its strong position in terms of revenue generation within the industry.
- 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).
