The comic book market will reach $ 11.12 billion by 2028;

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Pune, India, August 24, 2021 (GLOBE NEWSWIRE) – The world comic book market the size is expected to grow to reach USD 11.12 billion by 2028 while posting a CAGR of 6.1% between 2021 and 2028. In its report titled “Web Comics Market, 2021-2028“Fortune Business Insights mentions that the market was worth $ 6.70 billion in 2020.

The growing number of children and adults who have access to smart devices or a computer with an Internet connection can develop webcomics. Plus, investors are ready to support the market if the comic is engaging. For example, The Oatmeal webcomics mentioned that in 2019, the Chernin Group (TCG) signed an agreement with the brand to invest $ 30 million in one of its comics called Exploding Kittens. Such initiatives will fuel market growth in the years to come.

Impact of COVID-19

The pandemic has fueled the growth of webcomics as, during the lockdown, the use of smart devices and internet data increased around the world. This has led to an increase in the consumption of various types of content which has helped relieve stress and anxiety among people. India’s Premium News publication Mint said mobile browsing activity increased by almost 40% in India. Additionally, the use of books and comics also skyrocketed as schools and colleges were closed. This has propelled the demand for comedy content among children of different ages. Thus stimulating the growth of the market.

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Competitive landscape

Key players to focus on acquisitions to strengthen their positions

The market is consolidated by large companies which strive to maintain their position by focusing on expansion and acquisitions of facilities. For example, in March 2020, Iron Circus Comic partnered with a web comic book brand Lackadaisy to create an animated short based on the comic. With this partnership, Trotman plans to expand the reach of Iron Circus Comics with a new multimedia campaign. In addition, other key players are adopting proactive strategies such as new partnerships, mergers and collaborations to drive market growth in the years to come.

Industry development

  • March 2021 – Stand Still, Stay Silent has released a new comic called Lovely. This comic is about three best friends: an aspiring social media influencer, a Christian housewife, and a mother-of-three teacher.

List of Major Profile Market Players in the Market:

  • Homestuck (United States)
  • Penny Arcade Inc. (Redmond, WA, US)
  • The Oatmeal (Seattle, Washington, USA)
  • Cucumber Quest (California, United States)
  • Girl Genius (Seattle, WA, US)
  • Gunnerkrigg Court (Birmingham, UK)
  • Stay still, stay silent (Sweden)
  • Brawl in the Family (United States)
  • XKCD (United States)
  • Lackadaisy (United States)
  • Sandra and Woo (Germany)
  • Scandinavia and the world (Denmark)

Browse the detailed summary of the research report with the table of contents:

https://www.fortunebusinessinsights.com/webcomics-market-105731

Market segmentation :

By type, the market is divided into children and adults.

On the basis of type, the adult segment held a market share of 80.19% in 2020. This is attributed to the great millennial generation who grew up watching and consuming comics as one of their mainstays. sources of entertainment. It always makes them intrigued by the comic content of web comics.

Finally, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East, and Africa based on region.

What does the report provide?

The market report provides a detailed analysis of several factors such as the main drivers and restraints that will impact the growth. Further, the report provides information on regional analysis which covers different regions, contributing to the growth of the market. It understands the competitive landscape that involves leading companies and the adoption of strategies by them to introduce new products, announce partnerships and collaboration that will further contribute to the growth of the market.

Driving factor

Increase in the number of Internet users to propel market growth

The increasing digitization, along with the growing number of people accessing the internet for almost all types of entertainment content, is expected to drive the growth of the global online comics market. In addition, the increasing use of digital platforms is likely to increase the demand for online comics globally. The comic book industry has seen a surge in traffic as comic book writers uploaded their comics to websites. These factors are expected to bode well for the growth of the market during the forecast period.

Regional perspectives

Asia-Pacific to remain at the forefront thanks to booming anime industry

Asia-Pacific is expected to hold the highest global online comics market share during the forecast period. This is due to the increase in the youth population which has resulted in an increased demand for digital comics. For example, a report by the United Nations Department of Economic and Social Affairs in August 2019 said that Central and South Asia has more than 361 million young people. In addition, Japanese anime flourishing around the world is helping to attract more consumers. For example, data from the Association of Japanese Animation mentions that in 2019 the anime industry growth was 15.1% from the previous year. The region was worth $ 3.20 billion in 2020.

North America is expected to experience significant growth during the forecast period due to the increasing number of children owning their smartphones. This has increased the number of comic book readers on the web, thus promoting the growth of the regional market.

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Detailed table of contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
    • Emerging trends
  • Key ideas
    • Overview of parent / related markets
    • SWOT Analysis of the Industry
    • Supply chain and regulatory analysis
    • Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
    • Market analysis and overview (in relation to COVID-19)
      • Impact of COVID-19 on the market
      • Supply chain challenges from the pandemic
      • Potential opportunities due to COVID-19
  • Global Online Comics Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / Summary
    • Market size estimates and forecasts
      • By type (value)
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East and Africa
  • North America Comic Book Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / Summary
    • Market size estimates and forecasts
      • By type (value)
      • By country (value)

TOC Continued…!

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Take a look at key updates from related research:

Comic book market Industry Size, Share & Analysis, By Product Type (Kids Comics, Adult Comics), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online Stores, Others) and Regional Forecast 2021-2028

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