The digital publishing market consists of sales of digital content and related services in media industry. The digital publishing market includes the sales of digital content in the form of text, audio and video in the digital platforms like social media, website and search engine. The digital publishing companies are primarily engaged in the developing of broad range of digital content like advertising and publishing by periodical advertising, educational content like journals and medical publishing, informative content like news, magazine, newsletter publishing and financial magazines.
The global digital publishing market is expected to grow from $44.8 billion in 2019 to about $66.7 billion in 2020 due to an increase in demand for digital publishing as more number of people are staying at home for self-quarantine/lockdown. More amount of digital services are being consumed for entertainment as well as knowledge gaining with the help of digital publishing content such as news, articles, journals and others. The market is expected to stabilize and reach $59.9 billion at a CAGR of 7.5% through 2023.