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eMagazine Advertising - Nigeria

Nigeria
  • Revenue in the eMagazine Advertising is projected to reach US$7.50m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2027) of 3.76%, resulting in a projected market volume of US$8.38m by 2027.
  • In the eMagazine Advertising, the number of users is expected to amount to 4.9m users by 2027.
  • User penetration will be 1.9% in 2024 and is expected to hit 2.0% by 2027.
  • In global comparison, most revenue will be generated United States (US$6.63bn in 2024).
  • The average revenue per user (ARPU) in the eMagazine Advertising is projected to amount to US$1.75 in 2024.

Definition

Digital magazine advertising refers to the practice of promoting products, services, or brands through ads placed within digital magazines or publications that are distributed and read online. Digital magazines are typically digital versions of print magazines that can be accessed through various digital devices such as computers, tablets, or smartphones. Digital magazine advertising can take different forms, including display ads, native advertising, sponsored content, or video ads. Advertisers can target their ads to specific demographics, interests, or behaviors, and measure their effectiveness through metrics such as click-through rates, impressions, or conversions.

Additional information:

Magazines advertising comprises advertising spending, users, average revenue per user and penetration. The market only displays B2B spending. Figures are based on digital magazine advertising spending and exclude agency commissions, rebates, production costs, and taxes.

In-Scope

  • Digital magazine advertising, such as Wired, The New Yorker, and Cosmopolitan
  • Integrated marketing campaigns, such as digital ads, sponsored events, and social media promotions

Out-Of-Scope

  • Broadcast advertising, such as TV and radio ads
  • Outdoor advertising, such as billboards and posters
  • Direct mail advertising, such as flyers and brochures
  • print advertising, such as in printed magazines
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Market Insights report

ePublishing: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Users

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses enterprises (B2B). Figures are based on digital magazine advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in digital magazine editions.

    Modeling approach:

    Submarket size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Statista Global Consumer Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

    Forecasts:

    We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

    Additional notes:

    Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

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