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 14.46%, 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$0.58m 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$0.06m 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 in the United States generates the highest revenue in the News & Magazines market, reaching US$4,425.00m 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

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.