Market Insights Digital Digital Media ePublishing

ePapers Advertising - Cyprus

Cyprus

The ePapers Advertising market in Cyprus is projected to witness a substantial growth in revenue, reaching US$34.59m by the year 2024.
This is expected to be accompanied by a steady annual growth rate (CAGR 2024-2027) of 3.53%, resulting in a projected market volume of US$38.38m by 2027.
Additionally, the number of users in the ePapers Advertising market is anticipated to reach 279.8k users by 2027.
The user penetration rate, which stands at 16.1% in 2024, is projected to increase to 22.2% by 2027.
When considering the global landscape, United States is expected to generate the highest revenue in the ePapers Advertising market, with a staggering US$5,529.00m in 2024.
Furthermore, the average revenue per user (ARPU) in the ePapers Advertising market is projected to amount to US$173.70 in 2024.
This metric serves as an indicator of the average income generated per user in the market.
Cyprus is experiencing a surge in ePapers advertising as businesses look to reach a tech-savvy population.

Key regions: Germany, Asia, Japan, South Korea, China

Market

Region

Region comparison

Currency

Analyst Opinion

Epapers, or digital versions of traditional newspapers, are evolving rapidly, with new trends and technologies emerging all the time. One of the most notable trends is the use of interactive features, such as videos, hyperlinks, and animations, to engage readers and provide a more immersive experience.

Epapers, have seen strong growth in recent years, driven by several factors. One key factor is the increasing adoption of digital media and mobile devices, which has led to a decline in print newspaper circulation. This has created an opportunity for publishers to offer ePapers as an alternative way for readers to access their content. Additionally, ePapers offer several advantages over print newspapers, such as the ability to easily search and archive articles, as well as the ability to offer interactive features such as videos and hyperlinks. Another growth factor is the increasing sophistication of ePaper technology, which has made it easier and more cost-effective for publishers to produce high-quality digital versions of their newspapers. Finally, the COVID-19 pandemic has accelerated the shift towards digital media, as more people have turned to ePapers to stay informed while staying at home. Overall, these factors are driving strong growth in the ePaper market, and are expected to continue doing so in the coming years.

Methodology

Data coverage:

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

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.