Webtoons Market Is Projected To Reach USD 21820 Million by 2028 at a CAGR of 29.9% | Valuates Reports
BANGALORE, India, Feb. 6, 2023 /PRNewswire/ — Webtoons Market is segmented by Type (Subscription Based Webtoons, Advertisement Based Webtoons), by Application (Mobile Phone, PC/Notebook, Tablet Computer, Others) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Comics Category.
The global Webtoons market size is projected to reach USD 21820 million by 2028, from USD 3428.3 million in 2021, at a CAGR of 29.9% during 2022-2028.
Major Factors Driving the Growth of the Webtoons Market
A growing number of consumers are gravitating toward webtoons as a result of everyone having access to an Internet connection. An increase in online activities made available on many entertainment platforms, including digital comics, series, action comics, and others, has been attributed to the rising rise of mobile cellular subscriptions. This factor is expected to drive the growth of the webtoons market.
Due to webtoons’ growing appeal in the entertainment industry, the worldwide webtoons market is anticipated to expand significantly during the forecast period.
Browse The Detailed Report: https://reports.valuates.com/market-reports/QYRE-Auto-34F8870/global-webtoons
TRENDS INFLUENCING THE GROWTH OF THE WEBTOONS MARKET
The term “snack culture” refers to the growing practice of catering to users’ need to absorb content rapidly. The phrase, which originally referred to the practice of reading brief content rather than in-depth works, is of South Korean origin. These sorts of material come in the form of up to minute-long movies, as well as still images like infographics and webtoons.
Users may now read webcomics whenever and wherever they want thanks to the emergence of new gadgets like laptops, smartphones, and tablets. Webtoons are also free and simple to access online, unlike paper cartoons that viewers used to purchase from bookstores or borrow from friends. the same digital upheaval that has changed journalism, music, movies, and television is reshaping the world of comics. Webcomics have gained enormous popularity in recent years, thanks in part to reaching a market that the business had previously ignored. This factor is expected to drive the growth of the webtoons market.
Readers find visuals engaging and tend to stick with us for extended periods of time. And for this reason, nations use webcomics to spread their cultural impact abroad and inform people of their deeply ingrained customs. Webtoons are a key component of transmedia cultural creation and are both re-created and co-created in this process as well as being published across numerous platforms. Webcomics itself also serve as venues for transmedia tie-ins, in which various media elements combine to produce fresh visual effects and brand-new cultural subgenres. This will further drive the growth of the webtoons market.
Through the use of Fourth Industrial Revolution-related technology, webtoons are being promoted and advanced. Webtoons have always been built on the principles of openness and sharing, so it makes sense that blockchain technology might be incorporated into them. Platforms will also provide tailored material that is optimized for each user, rather than the general public. This revolution also heavily incorporates virtual reality (VR) and augmented reality (AR). Every advancement in narrating, portraying, and disseminating content has been accompanied by screens. The development of display technology is much to thank for the medium’s expansion. Both VR and AR, as next-generation digital platforms, can get around the drawbacks of smaller mobile screen displays. More interactive content can be added to games, webtoons, or visuals by utilizing even 3D and interactive technology. This in turn is expected to fuel the webtoons market growth.
Get Your Sample Report Today: https://reports.valuates.com/request/sample/QYRE-Auto-34F8870/Global_Webtoons_Market_Insights_and_Forecast_to_2028
WEBTOONS MARKET SHARE ANALYSIS:
The sub-segment for mobile applications is anticipated to increase at the quickest rate over the forecast period. Everyday life for the average person now includes a mobile phone as a necessary technology gadget. More people are using their mobile phones to communicate with one another. These are the reasons why people are spending more time reading webcomics on their phones, which are conveniently accessible through mobile webcomics apps.
During the forecast period, the subscription-based sub-segment is anticipated to develop at the quickest rate. Almost every industry uses subscription-based business models, including the food and tech sectors. When a customer pays a fee on a regular basis to access your product or service, you are using a subscription business model, which enables you to get recurrent income from a group of devoted consumers.
The webtoon market was dominated by the Asia Pacific region. The worldwide webtoons market will have profitable growth potential in the Asia-Pacific region due to factors like the e-reader market’s booming growth and the rise in collaborations between top market participants.
Buy Regional Market Chapter On North America:
https://reports.valuates.com/market-reports/QYRE-Auto-34F8870/global-webtoons/6
Buy Regional Market chapter On Asia Pacific:
https://reports.valuates.com/market-reports/QYRE-Auto-34F8870/global-webtoons/8
Key Companies:
- Naver
- Kakao
- Lezhin Entertainment (KidariStudio)
- Tappytoon
- ToryComics
- Toomics Global
- Ridibooks (RIDI Corp)
- KidariStudio
- Webtoon Factory
- Izneo Webtoon
- Stela
- Graphite
- Webcomics (SideWalk Group)
- SPOTTOON (Rolling Story)
- Mr Blue
- Tencent
- Amazia
- Shuueisha
- Comico (NHN)
- U17
Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-34F8870/global-webtoons/11
Buy Now for Single User + Covid-19 Impact:
https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-34F8870&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS:
– Comic Book market size is estimated to be worth USD 12900 Million in 2022 and is forecast to a readjusted size of USD 23110 Million by 2028 with a CAGR of 10.2% during the forecast period 2022-2028.
– The global OTT market size was valued at USD 121.61 Billion in 2019 and is projected to reach USD 1,039.03 Billion by 2027, growing at a CAGR of 29.4% from 2020 to 2027.
– Live Streaming Market was USD 38310 million in 2021, growing with CAGR is 16.14% during 2022~2028.
– The global eBook market size is projected to reach USD 38560 Million by 2026, from USD 16100 Million in 2020, at a CAGR of 15.7% during 2021-2027.
– Due to the COVID-19 pandemic, the global E-Book Reader market size is estimated to be worth USD 29300 Million in 2022 and is forecast to a readjusted size of USD 60680 Million by 2028 with a CAGR of 12.9% during the review period.
– The global Digital Publishing market size is projected to reach USD 226070 Million by 2028, from USD 104950 Million in 2021, at a CAGR of 11.4% during 2022-2028.
– Global Digital Comic Book Market Insights, Forecast to 2028
– Global Online Comic Reading Platform Market Size, Status and Forecast 2021-2027
– Global and United States Graphic Novel Market Report & Forecast 2022-2028
– Global Paper Comic Books Market Research Report 2022
– Global Webcomic Platform Market Insights, Forecast to 2028
– Global Comic Books Reading Apps Market Insights, Forecast to 2028
– Global E-book Reader Apps Market Insights and Forecast to 2028
– Global E-book Device Market Insights and Forecast to 2028
– Global Mobile Phone E-book Reader Market Insights and Forecast to 2028
– Global Bookstore Software Market Insights and Forecast to 2028
– Global Digital Reading Market Insights, Forecast to 2028
– The global Digital Content market size is projected to reach USD 241650 Million by 2027, from USD 161540 Million in 2020, at a CAGR of 5.9% during 2021-2027.
– Global Online Comic Reading Platform Market Size, Status and Forecast 2021-2027
– Global E-book Subscription Service Market Size, Status and Forecast 2021-2027
Click here to see related reports on the Webtoons Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter – https://twitter.com/valuatesreports
LinkedIn – https://in.linkedin.com/company/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports113
https://reports.valuates.com/sitemap/html/reports/114
https://reports.valuates.com/sitemap/html/reports/115
Logo: https://digitalproducer.com/wp-content/uploads/2023/02/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/webtoons-market-is-projected-to-reach-usd-21820-million-by-2028-at-a-cagr-of-29-9–valuates-reports-301739422.html
SOURCE Valuates Reports
