News Syndicates Global Market Report 2023
Major players in the news syndicates market are A&E Networks, British Broadcasting Corporation, Canadian Broadcasting Corporation, Channel Four Television Corporation, Heartland Media LLC, King Features Syndicate Inc.
New York, June 26, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "News Syndicates Global Market Report 2023" - https://www.reportlinker.com/p06464023/?utm_source=GNW
, RTL Group S.A., The Associated Press, Thomson Reuters Corporation, ViacomCBS Streaming, Vice Media Group, Warner Media LLC, Tivo, CANAL+, CBS Interactive, and Twenty-First Century Fox Inc.
The global news syndicates market is expected to grow from $13.84 billion in 2022 to $14.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The news syndicates market is expected to reach $17.22 billion in 2027 at a CAGR of 3.8%.
The news syndicates market includes revenues earned by entities by providing news and related content such as magazines and comics to consumers.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
News syndicates refer to the agency that sells newspapers and other media unique writing and artwork that cannot be categorized as spot news coverage, frequently authored by a renowned journalist or prominent authority or drawn by a well-known cartoonist. Its main function is to spread the cost of expensive features across as many newspapers (subscribers) as possible.
North America was the largest region in the news syndicates market in 2022. The regions covered in news syndicates report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of news syndicates are digital terrestrial broadcast, satellite broadcast, cable television broadcasting services, internet protocol television (IPTV), and over-the-top television (OTT).Digital terrestrial broadcast refers to a broadcasting system that broadcasts the air to be gathered using an antenna over the air rather than via cable or satellite.
The various features include magazines, newspapers, and websites, which are used in various applications such as public, and commercial.
The rise in internet news subscriptions is significantly contributing to the growth of the news syndicates market going forward.Internet news subscription refers to the act of paying a certain amount of money to receive digital news and related content online.
News syndicates benefit from the increasing number of internet news subscriptions as they assist subscribers in providing news authorized by a renowned journalist.For instance, in 2022, according to the Reuters Institute for the Study of Journalism, a UK-based journal news agency, 29 percent of people in the USA registered for one or more news websites in 2021 and 19 percent of people in the USA paid for online news in 2021.
Therefore, the rise in internet news subscriptions drives the news syndicates market.
Technological advancement is the key trend gaining popularity in the news syndicates market.Major companies operating in the news syndicates market are focusing on reducing complexities related to the digital publishing of news through technological advancement and gain a competitive edge in the market.
For instance, in June 2020, Times Internet, an India-based internet technology company launched M360, a digital publishing platform.This platform enables scaled-free and fair advertising, cross-platform publication, content personalization, and audience data.
The SaaS platform will provide publishers with an end-to-end solution to help them negotiate the evolving digital media ecosystem at a competitive price with cost-effective ad revenue sharing and was created to blend extensive publishing features with a smooth experience. The M360 platform is integrated with major platforms like Apple News, Facebook IA, and Google AMP.
In April 2022, G/O Media, a US-based media holding company acquired Quartz for an undisclosed amount.The acquisition adds Quartz’s award-winning journalism and global audience to G/O Media’s arsenal which will improve G/O Media’s position as a media company.
Quartz is a US-based news publisher focused on international business news.
The countries covered in the news syndicates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The news syndicate market research report is one of a series of new reports that provides news syndicate market statistics, including news syndicate industry global market size, regional shares, competitors with a news syndicate market share, detailed news syndicate market segments, market trends and opportunities, and any further data you may need to thrive in the news syndicate industry. This news syndicate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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