eMagazines - Indonesia

  • Indonesia
  • The eMagazines market in Indonesia is projected to witness a significant growth in revenue, with an estimated value of US$30.43m in 2024.
  • This indicates a positive trend in the market's potential.
  • Anticipating a steady annual growth rate of 2.08% between 2024 and 2027, the market volume is expected to reach US$32.37m by 2027.
  • This growth is primarily attributed to the increasing number of readers, which is projected to amount to 24.7m users by 2027.
  • In terms of user penetration, the eMagazines market is expected to have a user base of 8.2% in 2024.
  • However, this figure is expected to rise to 8.4% by 2027, indicating a growing popularity and adoption of eMagazines market among the Indonesian population.
  • The average revenue per user (ARPU) is forecasted to be US$1.30, highlighting the potential monetization opportunities for businesses in this market segment.
  • When compared globally, it is worth noting that in the United States is projected to generate the highest revenue in the eMagazines market, with an estimated value of US$1,617.00m in 2024.
  • This demonstrates the dominance of the US market in terms of revenue generation.
  • Overall, the eMagazines market in Indonesia is poised for growth, with increasing revenue, a growing number of readers, and a rising user penetration rate.
  • These factors present opportunities for businesses to capitalize on the potential of this market segment in Indonesia.
  • The eMagazine market in Indonesia is experiencing significant growth due to the increasing digital literacy and smartphone penetration in the country.

Key regions: China, United Kingdom, Asia, Japan, Germany

 
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Analyst Opinion

Despite the steady growth in the eMagazines market, the product will likely stay a niche product. Attempts to transfer subscription-based business models to the eMagazines market have not yet reached the anticipated impact on sales. By analogy to Video Streaming services, eMagazines subscription services often struggle with a limited portfolio of available content. Currently, the business’s hope of a breakthrough lies – again – with Apple and its new service called 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.

Overview

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