Digitization of Newspapers and Magazines

The global newspaper and magazines publishers market, a part of the media industry, declined at a compound annual growth rate (CAGR) of around -1.8% during the historic period. The media industry showed a drastic decline. The decline is mainly due to the consumer preferences – While the older generation continue to value the traditional print newspapers and magazines, the way the younger generation consumes news is changing. The Y=younger generation preferred reading books and magazines on their smart phones and tablets resulting in declining print revenues.

In the forecast period, the global newspaper and magazines publishers’ market size is expected to be over $200 billion by 2021, growing at a CAGR of nearly -0.40%. This is expected due to the online paywall is expected to drive the news and magazine market in the future as publishers shift from print to digital in monetizing news content. A pay wall model has been adopted by over 50% of the newspapers in the USA prevents free access to content and involves readers paying for online bundles much as they used to pay for print. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global newspaper and magazines publishers market in the future. 

Find TBRC’s report on the newspaper and magazines publishers market: https://www.thebusinessresearchcompany.com/report/newspaper-and-magazines-publishers-global-market-report-2018

The newspaper and magazine industry is currently experiencing significant transformations due to digital technologies. The new technologies are providing a multitude of new platforms to disseminate news content in innovative ways. Publishers of newspapers and magazines have changed their distribution approaches by introducing digital offers and services that can cater to consumers’ needs.

Major companies in the newspaper and magazines publishers market, offering digital technology include News Corporation, Axel Springer, Gannett and Co Inc., Bertelsmann, Meredith

Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=106&type=smp

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company