News & Magazines - Western Asia
Western Asia- The News & Magazines market in Western Asia is set to achieve a significant milestone, with projected total revenue reaching US$12.81m in 2022.
- Experts anticipate a steady annual growth rate (CAGR 2022-2027) of 14.47%, which would result in a substantial market volume of US$26.71m by 2027.
- Within the market, in-app purchase (IAP) revenue is projected to reach US$579.70k in 2022, indicating a strong demand for digital content.
- Furthermore, paid app revenue is expected to reach US$57.30k , demonstrating the willingness of consumers to invest in high-quality news and magazine applications.
- Advertising revenue, a critical component of the News & Magazines market, is predicted to reach US$12.17m in 2022.
- This signifies the significance of advertising as a revenue stream for news and magazine publishers in Western Asia.
- The market's growth is further reflected in the projected number of downloads, which is expected to reach 3.26m downloads in 2022.
- As a result, the average revenue per download is estimated to be US$3.93 , indicating the value consumers place on accessing news and magazine content through digital platforms.
- In a global context, it is worth noting that United States leads in terms of revenue generation, with an expected revenue of US$4.42bn in 2022.
- This highlights the dominant position of the United States in the News & Magazines market worldwide.
- 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).
