Market Insights Digital Digital Media ePublishing

eMagazines - Bulgaria

Bulgaria

The eMagazines market in Bulgaria is expected to see a significant growth in revenue over the next few years.
By 2024, the projected revenue is estimated to reach US$2.15m.
This growth is expected to continue at an annual growth rate of 2.42% from 2024 to 2027.
As a result, the market volume is projected to reach US$2.31m by 2027.
In terms of readership, the number of eMagazine readers in Bulgaria is expected to reach 0.4m users by 2027.
This indicates a promising potential for the market's growth and popularity among Bulgarian readers.
In 2024, the user penetration rate is projected to be 5.3%, which is expected to increase to 5.6% by 2027.
This signifies a growing interest and adoption of eMagazines market among the Bulgarian population.
The average revenue per user (ARPU) is estimated to be US$5.95.
This metric provides insights into the average spending of Bulgarian users on eMagazines market, highlighting the potential profitability of the market.
When comparing the global market, United States is projected to generate the highest revenue in the eMagazines market, with an estimated revenue of US$1,617.00m in 2024.
This demonstrates the dominance of the US market in terms of revenue generation.
Overall, the eMagazines market in Bulgaria shows promising growth potential, indicating a positive trajectory for revenue, readership, user penetration, and average revenue per user.
The eMagazine market in Bulgaria is thriving, with a wide range of digital publications catering to diverse interests and demographics.

Key regions: France, India, Germany, United Kingdom, Europe

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Analyst Opinion

Despite the steady growth in the eMagazines market, the product will likely stay a niche product. Attempts to transfer subscription-based business models to the eMagazines market have not yet reached the anticipated impact on sales. By analogy to Video Streaming services, eMagazines subscription services often struggle with a limited portfolio of available content. Currently, the business’s hope of a breakthrough lies – again – with Apple and its new service called Apple News+.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the ePublishing market. ePublishing is defined as paid editorial/written content distributed over the internet, including eBooks (fiction, non-fiction, and academic publications), digital editions (replicas) of consumer and trade/business magazines (eMagazines), as well as daily or weekly newspapers (ePapers). All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage) 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 various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, 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 per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. 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 some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.