News & Magazines App Market Size, Share & Trends Analysis Report By Marketplace (Google Play Store, Apple iOS Store), By Region, And Segment Forecasts, 2022 - 2028

Report Overview 

The global news & magazines app market size was valued at USD 1.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.0% from 2022 to 2028. This can be attributed to the rising adoption of customized news feed across the globe. The surge in the adoption of an offline reading mode in the Asia Pacific is propelling market growth. Moreover, the growing demand for real-time news updates from the Associated Press of the European Union is anticipated to boost the market growth. Additionally, increasing demand for built-in audio-based magazine apps from the consumer of the U.K. is bolstering the market growth.

The global supply chain of several industries was hampered owing to the national lockdown implemented by several government authorities across the globe. Several media house partners are broadcasting the pandemic alerts due to the rapidly changing health situation across the globe. Smoother in-app news & magazines app service and the rapid shift of consumers to cloud storage-based apps had taken an intense boost for news & magazine apps. Offline mode-based news & magazines had gained traction during the pandemic era owing to the rising demand for offline podcast management app services. The growing demand for on-demand videos from the consumers of India had propelled the market growth.

Moreover, the growing trend to adopt key stat headlines for the financial news app is propelling market growth. However, excess use of advertising tools is hampering the market growth. At present, key players are focusing to adopt multiple access enabled news & magazine apps. Hence the market is expected to perform significant market growth during the forecast period.

The technological advancement in the development of the apps such as artificial intelligence, data science & big data is expected to accelerate the market growth during the forecast period. Moreover, increasing magazine apps reader engagement by leveraging personalization is expected to boost market growth. Furthermore, the increasing internet and smartphone penetration rate across the globe is accelerating market growth.

Growing investment from Apple Inc. to provide curated news screens with top stories around the globe is propelling the market growth. Rapidly growing demand for 24/7 live video and audio streaming is bolstering the market growth. The growing demand for instant news alerts to provide a smarter mode for better readability is refueling the market growth. The growing demand for customizable news channels in the U.S. is set to drive the market growth.

Share and repost facility, Mp4 player facility, and customized text message feature offered by the key players of the market. The rising concern for AI-curated news & magazines app is refueling the market growth. The key players of the market are providing a compatible analytical approach for the news & magazines app with the help of the Android & iOS-based platforms. Growing demand for synchronized preferences for financial news apps will turn to refuel the market growth.

Marketplace Insights

Google play store segment contributed to the highest share of around 55% of the global market revenue in 2021. Headlines tab with an unfiltered view of top news articles, customizable user interface, open ecosystem, and daily brief updates for news & magazines apps are accelerating the market growth. Android platform is providing the auto-connected regional news & magazines tools to cover the news of local languages. A larger number of news & magazines apps available in the play store will raise their popularity in the forthcoming years. In addition to this, the increasing Android smartphone penetration is expected to accelerate market growth.

Apple iOS Store segment of the news & magazines app market is anticipated to register the fastest growth rate of 12.6% from 2022 to 2028. This can be credited to the increasing demand for in-short news content from the consumers of the U.S. and U.K. Additional security concerns and easy search tool features are refueling the market growth. In-depth editorial coverage and automatic updates for markets data portfolio tracking tools are reflecting the significant market growth during the forecast period. Moreover, the increasing demand for Apple smartphones and other devices is expected to propel market growth during the forecast period.

Another segment is anticipated to register significant market growth during the forecast timeline. The best graphical user interface and lower cost with the simple folding feature are the prime factors of the Bada operating system. The rising demand for open-source mobile operating systems among the consumers of China is propelling the market growth. The processor management tool of the Bada operating system will contribute to enhancing the market growth.

Regional Insights

North America made the largest contribution to the global news & magazines app with around 35% share in 2021 due to the rising demand for sports, entertainment, travel, and technology-based news from the consumer in the U.S. and Canada. The rising trend in the U.S. to build a self-news network with the accessing feature of Twitter, Evernote, OneNote, and Pinterest support is propelling the market growth. The market share of the U.S. is driven by the rising demand for the animated presentation-based news & magazines app. Ease of accessibility magazines app with wireless Bluetooth controls will contribute to refueling the market growth. Moreover, the rising demand for text-to-speech article reading in news & magazines app is anticipated to boost the market growth.

Asia Pacific is projected to witness a CAGR of 13.3 % from 2022 to 2028. This can be attributed to the growing demand for podcast-based news playlists from the consumers of China and India. The emerging trend in India is to embrace Google assistance support to run the magazines app. The growing adoption of AI-based news & magazines app in China to access the trending news is projected to escalate the market growth during the forecast period. Furthermore, the rising demand for the add-free news & magazines App in Japan is projected to support the regional growth.

Key Companies & Market Share Insights

The market consists of various established players such as GeekyAnts, Robosoft Technologies, Somo, and WillowTree coupled with local companies as well. Companies' main focus is to provide access to photo galleries, videos, and audios for news & magazines app. The prime key players are providing custom alert settings for news & magazines apps with elegant outlooks. Many companies are providing across-and-down navigation swipes to improve the accessibility of mobile apps. For an instance, WillowTree announced the acquisition of Poatek, the Brazilian software engineering boutique. This will strengthen WillowTree’s best-in-class digital strategy, development, design, and growth practices. Growing demand for Apple iOS and Android-based devices across the world will create lucrative opportunities for the global key players. Major companies operating in News & Magazines App Market are as follows: 

• GeekyAnts

• Robosoft Technologies

• Somo

• WillowTree

• Apple Inc.

• Google LLC

• Feedly

• Inkl

• Inoreader

• Flipboard

 News & Magazines App Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global news & magazines app market report based on marketplace and region:

• Marketplace Outlook (Revenue, USD Million; 2017 - 2028)

  • Google Play Store

  • Apple iOS Store

  • Others

• Regional Outlook (Revenue, USD Million; 2017 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • Rest of Asia Pacific

  • Central & South America

    • Brazil

    • Argentina

    • Rest of Central & South America

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

    • Rest of Middle East & Africa