🌐01. Global Market
Last updated
Last updated
The global news application market size in 2022 was USD 136.6 million and is expected to reach USD 592.21 million by 2031, growing at a CAGR of 17.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and traumatic. News applications have experienced higher than expected demand across all regions compared to pre-pandemic levels.
One of the most popular and indispensable items in our daily lives is the newspaper. Moreover, in today's busy society, one of the classic ways to read news is through newspapers. Because revised news is produced every minute and distributed via TVs, radios, and the internet, it is already outdated the next morning.
This makes it difficult for newspaper and magazine publishers to keep up with the pace. Publishers need to embrace change and embrace mobile. Publishing and selling newspapers is a huge challenge for the publishing industry today. As a result, readers of magazines and newspapers are shifting towards reading news on their smartphones and tablets. The business model for web apps is very simple and lucrative.
