Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Magazine Advertising Market size is expected to reach $9.3 billion by 2028, rising at a market growth of -3.7% CAGR during the forecast period.
The Retail segment is showcasing a CAGR of -3.4% during (2022 - 2028). One of the industries that use magazine advertising strategy the most is the retail industry. Due to intense rivalry in this market, firms in it are primarily interested in raising brand recognition. Additionally, the retail industry wants to inform customers about the existence of their stores in the consumer's neighbourhood, which emphasises the need of using media like magazines for advertising.
The Asia Pacific market dominated the Global Magazine Advertising Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.2 billion by 2028. The North America market is exhibiting a CAGR of -4% during (2022 - 2028). Additionally, The Europe market would display a CAGR of -4.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of News Corporation, Vericast (M&F Worldwide Corp.) (MacAndrews & Forbes Incorporated), Global Business Leaders Mag., Gannett Co., Inc., Axel Springer SE, Nine Entertainment Co. Holdings Limited, and Conduit, Inc.
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