Press release
Webcomics Market Report 2024: Strategies And Recent Developments
Webcomics
The Business Research Company offers in-depth market insights through Webcomics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The webcomics market size has grown strongly in recent years. It will grow from $8.63 billion in 2023 to $9.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to independent creator empowerment, global accessibility, engagement through interactivity, adaptation into other media, evolution of webcomic platforms..
The webcomics market size is expected to see strong growth in the next few years. It will grow to $11.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to mobile-friendly formats, integration with subscription models, enhanced analytics for creators, inclusive representation, interactive storytelling elements.. Major trends in the forecast period include diverse content and genres, digital platforms and apps, social media integration, collaborations and crossovers, interactive and multimedia elements, localization and global accessibility, real-time updates and scheduling..
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Market Segmentation:
The webcomics market covered in this report is segmented -
1) By Type: Subscription Webcomic, Advertising Webcomic
2) By Application: Mobile Phone, Laptop, Tablet, Other Applications
Major Driver - Rising Smart Device Usage Fuels Webcomics Market
Increasing usage of smart devices will propel the growth of the webcomics market in the forecasted period. Smart devices are interactive electronic gadgets such as smartphones and computers that provide convenience and access to everything with a touch. The usage of smartphones and computers is growing due to their easy functionality and ability to provide communication with ease. As the usage of smart devices such as smartphones and computers increases, there will be a demand for webcomics as well. For instance, according to Data Reportal, a library of resources detailing how people all over the world use connected technologies, there were 5.11 billion unique mobile users globally in 2019 and 2.71 billion of them used smartphones which increased to 2.87 billion in 2020. In addition, according to the American think tank Pew Research Center, over 285 million people in the US are expected to have a smartphone by 2023. Therefore, the growing usage of smart devices drives the webcomics market growth.
Competitive Landscape:
Major companies operating in the webcomics market report are Naver Corp.,Kakao Entertainment Corp., Lezhin Entertainment Co Ltd.,Contents First Inc., ToryComics Co Ltd.,Graphic India,Tapas Media Inc.,Webzen Inc.,Pixton Electronics Private Limited,Comic Fury,Smack Jeeves,Comic Book Plus,Stelae Technologies,Lezhin Comics,Hiveworks Comics,ToonBoom Animation,ComiXology,Drunk Duck,Clip Studio Paint, Bitstrips, Wacom,Infinite Painter,Medibang Paint,Procreate, JAM Network,Doodle Labs,Line Manga,Taptastic,WEBTOON Canvas,Comicker Digital,
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Top Trend - Rising Popularity Of New Romantic Comics In The Webcomics Market
The new romantic comic is a key trend gaining popularity in the webcomics market. Companies are publishing new romantic comics to fulfill the market demand and attract new customers. Romantic comics are comics whose plot is focused on romantic relationships. Romantic comics are liked by many readers as these create increased interest in comic plots. Key players are increasingly introducing new romantic comics to attract more readers and increase their revenue. For instance, Lore Olympus, a romance webcomic created by New Zealand artist Rachel Smythe has hit #1 on both the NYT (New York Times) and PBD Bookscan sales charts and already received over 1.2 billion online reads, as of December 2021. Lore Olympus was published by a South Korean webtoon publisher Naver Webtoon. It retells the relationship between the Greek goddess and gods Persephone and Hades.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Webcomics Market Characteristics
3. Webcomics Market Trends And Strategies
4. Webcomics Market - Macro Economic Scenario
5. Webcomics Market Size And Growth
…..
27. Webcomics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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