Summary
The global News Subscription Service Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
News subscription service is used by many people for many purposes like to keep updated with the latest news. Users can subscribe to any news or sports channel that is of their choice, you will receive every new entry and every breaking news in your email daily. The news subscription services do not just deliver the news, but they also deliver a lot of other features too like the latest cricket score, weather forecast, local news, and lots more. These news services can also help in knowing about the favorite sports teams and their schedules.
The cost-effectiveness, accessibility, reduced manual work, and advanced technology is driving the growth of the News Subscription Service market. Owing to the online revolution, subscribers get the experience of news that has more channels and options along with customization. Moreover, the growing media industry as well as consumer goods industry which is facilitating online transactions is again fostering the growth of the News Subscription Service market. Furthermore, key players are improving their subscriptions from households and individuals in order to increase their target base which is further expected to propel the growth of the market. Additionally, news Subscription services have also been successfully adopted by mobile platforms in order to improve their reach among subscribers. This will favor the growth of the market.
On the other hand, security concern as it could leak the financial, as well as personal details of customers, is one of the key factor restraining the growth of the News Subscription Service market.
The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the increasing penetration of internet and consumer electronic products such as a smartphone. According to the India Brand Equity Foundation, the smartphone market in India has witnessed phenomenal growth in the past few years. India overtook the United States (US) to become the second-largest smartphone market globally, reaching 58 million shipments in 2019 with a 7 percent y-o-y growth on the back of development in technology along with increased internet penetration. In 2019, India had nearly 502 million smartphone users, accounting for almost 77 percent of Indians having access to the internet. Smartphone users are expected to reach 780 million in 2021.
Key Developments;
- In July 2017, Facebook to launch a paid news subscription product
- In April 2017, Apple Inc. plans to integrate recently acquired magazine app Texture into Apple News and debut its own premium subscription offering
The News Subscription Service Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the News Subscription Service Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Amazon
- Apple News
- Automotive News
- Bloomberg
- FINANCIAL NEWS
- New Readers Press
- NOLA
- NY Daily News
- Positive News
- Science News
- The Cumberland Times-News
- The Daily Memphian
- The Philadelphia Inquirer
- The Sun
- The Times
- UN News
By the Product Type, the market is primarily segmented into:
- General News
- Entertainment News
- Sports News
- Technology News
- Economic and Financial News
- Academic and Research News
By Applications, the market is segmented into:
- Personal User
- Educational User
- Enterprise User
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the News Subscription Service Market Report:
- To assess the size of the market by value and volume
- Analyze the News Subscription Service Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the News Subscription Service Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the News Subscription Service Market
The News Subscription Service Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the News Subscription Service Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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