ePapers - Nigeria

  • Nigeria
  • The ePapers market in Nigeria is set to experience significant growth in the coming years.
  • According to projections, the revenue in this market is expected to reach a substantial amount of €171.80m by 2024.
  • This growth is anticipated to continue, with an annual growth rate (CAGR 2024-2027) of 9.93%.
  • As a result, the projected market volume is expected to rise to €228.20m by 2027.
  • The number of readers in the ePapers market is also expected to increase steadily.
  • By 2027, it is estimated that the number of readers will reach 33.3m users.
  • This indicates the growing popularity and adoption of ePapers market among the Nigerian population.
  • Furthermore, user penetration, which refers to the percentage of the population using ePapers market, is projected to rise from 12.1% in 2024 to 13.6% by 2027.
  • This indicates a growing acceptance and utilization of ePapers market among the Nigerian population.
  • In terms of revenue per user, the average revenue per user (ARPU) is expected to amount to €6.22.
  • This metric helps to gauge the economic value generated by each user in the ePapers market.
  • When comparing the revenue generated in the ePapers market on a global scale, it is worth noting that United States is expected to lead the pack.
  • In 2024, United States is projected to generate a significant revenue of €2,442.00m in the ePapers market.
  • Overall, the ePapers market in Nigeria is poised for substantial growth, with increasing revenue, readership, user penetration, and average revenue per user.
  • This aligns with the broader trend of digital transformation and the adoption of ePapers market as a popular medium for accessing news and information.
  • The ePaper market in Nigeria is experiencing a significant growth due to the country's increasing internet penetration and smartphone adoption.

Key regions: South Korea, China, India, Japan, France

 
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Analyst Opinion

Like the eMagazines market, ePapers will likely stay a niche product. Subscription-based ePapers services still offer portfolios that are too fragmented, thus being less attractive to consumers who are demanding for unlimited access to a wide-ranging library of content. However, nowadays most newspapers of every size are offering electronic versions of their publications, and consumers seem to be more willed to pay for high-quality journalism, as seen in The New York Times’ exploding subscriber figures. Here again, Apple might be able to push the market forward with its new subscription service Apple News+.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the ePublishing market. ePublishing is defined as paid editorial/written content distributed over the internet, including eBooks (fiction, non-fiction, and academic publications), digital editions (replicas) of consumer and trade/business magazines (eMagazines), as well as daily or weekly newspapers (ePapers). All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.

Visión general

  • Revenue
  • Analyst Opinion
  • Market Shares
  • Users
  • Demographics
  • Global Comparison
  • Methodology
  • Key Market Indicators
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