The Digital Comic Book Market is being driven by Increasing demand for digital comic books
The Digital Comic Book Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1648.8 million. The global digital comic book market is characterized by a high degree of fragmentation, with numerous vendors vying for market share. To expand their reach and enhance their offerings, these players employ strategic initiatives such as mergers and partnerships. For instance, Embracer Group's acquisition of Dark Horse Comics in March 2022 bolstered its transmedia capabilities by incorporating expertise in content development, comics publishing, and film and TV production. Another example is the collaboration between Hakusensha, a Hitotsubashi Group subsidiary and publisher of paper comic books, and Comikey Media Inc. This partnership enables Hakusensha to license, localize, and host select manga titles on Comikey Media's platform, thereby extending its digital presence.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2025-2029 |
USD 1648.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.4 |
Key countries |
Japan, US, China, India, South Korea, Australia, Canada, France, Germany, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the thriving digital comic book market, metadata plays a crucial role in organizing and discovering content. Publishers employ various strategies such as microtransactions, bundling, cross-promotion, and co-marketing to monetize and promote their digital comics effectively. Microtransactions offer small purchases for additional content, bundling groups comics together for discounted prices, cross-promotion partners with other brands, and co-marketing collaborates with creators or influencers to expand reach.
In the digital comic book market, core functions encompass content development, product development, design, and distribution. Content development involves the acquisition and creation of intellectual property, with a significant investment in writing, research, revisions, and asset sourcing. Product development entails managing the production process, from content formatting and design to cloud hosting and interactive storytelling innovations, such as motion comics. Digital publishers oversee subscription services, graphic novel formats, and digital comic archives, while digital colorists, inkers, and letterers contribute to the production process. Marketing and sales, and outbound logistics complete the circle, ensuring the successful distribution and delivery of digital comic books to consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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