News & Magazines - Serbia
Serbia- The News & Magazines market in Serbia is expected to witness a significant increase in total revenue, reaching US$1.48m in 2022.
- This projection indicates a promising growth potential for the market.
- Furthermore, the market is anticipated to exhibit a compound annual growth rate (CAGR 2022-2027) of 11.89%, leading to a projected market volume of US$2.83m by 2027.
- This steady growth trajectory suggests favorable prospects for the News & Magazines market in Serbia.
- Within the market, revenue from in-app purchases (IAP) is projected to reach US$610.90k in 2022.
- This revenue stream highlights the increasing popularity of digital transactions within the News & Magazines market in Serbia.
- Additionally, revenue from paid app downloads is expected to reach US$6.69k in 2022, further contributing to the overall revenue growth in the market.
- Advertising revenue is also projected to play a significant role in the News & Magazines market in Serbia, with an estimated amount of US$863.90k in 2022.
- This indicates the importance of advertising as a revenue source for publishers and content providers in the country.
- Furthermore, the number of downloads in the News & Magazines market is expected to reach 839.70k downloads in 2022, reflecting the strong demand for digital content among Serbian consumers.
- This high download volume signifies a growing interest in accessing news and magazine content through digital platforms.
- In terms of revenue per download, the current average is expected to amount to US$1.76.
- This metric provides insights into the financial value generated from each individual download, indicating the potential profitability of the market segment.
- When compared globally, United States leads the way in terms of revenue generation in the News & Magazines market, with an estimated revenue of US$4.42bn in 2022.
- This highlights the dominance of the United States in the global news and magazine industry, with a substantial share of the market's total revenue.
- Overall, the News & Magazines market in Serbia demonstrates promising growth potential, with increasing revenue projections across various segments.
- The market's reliance on digital transactions, advertising revenue, and the growing number of downloads underline the evolving landscape of news and magazine consumption in the country.
- 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).
