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Digital Newspaper Publishing Market size is set to grow by USD 9.27 billion from 2024-2028, Increase in adoption of e-newspapers among individuals boost the market, Technavio

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NEW YORK, July 10, 2024 /PRNewswire/ — The global digital newspaper publishing market is poised to grow by USD 9.27 billion from 2024 to 2028, with a projected CAGR of 4.6%. Key drivers include increasing adoption of e-newspapers, particularly among millennials seeking instant news access. However, stringent regulatory frameworks present challenges for digital platforms. Key players driving this growth include Axel Springer SE, Bertelsmann SE and Co. KGaA, Daily Mail and General Trust plc, News Corp., and others.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Digital Newspaper Publishing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.6%

Market growth 2024-2028

USD 9.27 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.18

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key countries

US, China, UK, India, and France

Key companies profiled

Axel Springer SE, Bertelsmann SE and Co. KGaA, Business Standard Pvt. Ltd., Daily Mail and General Trust plc, EXOR N.V., Gannett Co. Inc., Guardian Media Group plc, Hearst Communications Inc., IE Online Media Services Pvt. Ltd., McClatchy, National World plc, News Corp., NHI Nash Holdings Inc., Nikkei Inc., Readly International AB, Schibsted ASA, The Economist Newspaper Ltd., The New York Times Co., Times Media Group, and Tribune Publishing Co.

Market Driver

The Millennial generation’s preference for instant gratification has significantly impacted the news industry, leading to the rise of digital newspaper publishing. With the widespread use of smartphones and social media, Millennials have access to real-time news updates, making traditional news sources obsolete. According to a survey by the American Press Institute, 85% of Millennials consume news on mobile devices, compared to only 21% of those aged 65 and above. Social media platforms, such as Twitter and Facebook, serve as primary sources of news for Millennials, providing instant updates and short-form content. The desire for immediacy and relevance drives Millennials to stay informed on current events, particularly during crises like the COVID-19 pandemic. Mobile-only news outlets cater to this preference, delivering bite-sized updates and covering topics relevant to Millennials. The global digital newspaper publishing market is expected to grow due to these factors, as Millennials continue to seek instant and personalized news experiences. 

The Digital Newspaper Publishing Market is experiencing significant growth with trends like acquisitions, advertising, and digitalization of media leading the way. Adults, especially in developing economies, are increasingly turning to digital platforms for news and information. Digital advertising revenues are on the rise, with advertising technology enabling cost-effective and creative advertising campaigns. Convergent platforms are becoming popular, offering a blend of digital newspaper, magazine subscriptions, and audio content. Augmented reality (AR) and audio/podcasts are also gaining traction. Industry verticals like education, finance, and brand awareness are investing in digital publishing. Digital publication firms and vendors are experimenting with e-books, e-readers, and e-publishing to cater to the growing demand for digital content. Industry chain structure includes image advertisers, financial institutes, and digital media companies. Digitalization of media is transforming the business models of bookstores and traditional publishers. Electronic devices are essential for digital readers, making digital technology a key driver for the market. 

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Market Challenges

•         Digital newspaper publishing faces growing regulatory challenges as governments work to prevent misinformation and safeguard user privacy. The European Union’s GDPR requires explicit user consent and data access rights, with potential fines of up to 4% of global revenue for non-compliance. In the US, the Journalism Competition and Preservation Act aims to enable news organizations to negotiate collectively for fair compensation from digital platforms. Additionally, numerous countries have enacted legislation against fake news and disinformation, with penalties for publishers. For instance, Germany’s Network Enforcement Act mandates content removal within 24 hours for hate speech or incitement violations. These regulations may hinder the digital newspaper publishing market’s growth during the forecast period.

•         The digital newspaper publishing market is evolving rapidly with new functions and technologies. Traditional print newspapers face challenges from online newspapers and magazines, as well as tech giants like Google and Facebook. Publishers must adapt to online technology and subscription models to reach readers on PCs, Smartphones, and tablets. Product launch and product enhancement are crucial for staying competitive. Trust in journalists and quality journalism remain essential, but piracy and revenue streams from print newspapers and advertisements are declining. News Corporation and other publishing houses must navigate these changes, offering premium segment readers single issues, text, video, and virtual reality (VR) content. Search engines and social media are important distribution channels, while online technology and subscription models continue to reshape the industry. Type Insights and other online publishing platforms provide opportunities for product innovation, but publishers must balance the needs of print and digital audiences. Overall, the newspaper industry must adapt to the digital age to remain relevant and profitable.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This digital newspaper publishing market report extensively covers market segmentation by  

Type 1.1 General news1.2 Specific newsApplication 2.1 Smartphones2.2 Laptops2.3 PCs2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 General news-  General news on digital newspaper platforms covers a wide range of topics, including politics, crime and safety, business, entertainment, and sports. Politically, the media reports on government policies, elections, and laws, providing the public with essential information on how these issues impact their daily lives. Crime and safety updates keep readers informed on criminal activities and safety measures, while business news covers trends in the economy, financial markets, and business deals. Entertainment news provides insights into the latest releases and celebrity interviews, and sports news keeps audiences updated on major events and local matches. The media’s responsibility is to maintain accuracy, impartiality, and objectivity when reporting general news. Topics like politics, crime, business, entertainment, and sports are expected to fuel the growth of the general news segment in the global digital newspaper publishing market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The digital newspaper publishing market is experiencing rapid growth as traditional print media transitions to digital platforms. Online newspapers and magazines offer convenience and accessibility to readers, enabling real-time news and information consumption. Subscriptions are a significant revenue stream, with premium segment readers willing to pay for high-quality digital content. Advertising is another key revenue generator, with image advertisers leveraging digital technology to create engaging campaigns. Publishers are exploring various business models, including e-publishing and online publishing, to monetize digital content in text, audio, and video formats. Digital platforms, social media, search engines, and websites are essential tools for brand awareness and reaching wider audiences. The newspaper industry continues to innovate with print technology and digital technology to meet the evolving needs of consumers.

Market Research Overview

The Digital Newspaper Publishing Market is experiencing significant growth as more adults turn to digital platforms for news and information. Advertising revenue from digital advertising campaigns and technology are driving this expansion, with convergent platforms offering cost-effective solutions for publishers. Augmented reality (AR) and interactive content are new functions attracting image and magazine advertisers, while financial institutes and industry verticals invest in digital publishing for brand awareness. Developing economies with increasing internet penetration rates and middle-class populations are key markets for growth. Digitalization of media has led to the rise of online newspapers, magazines, and e-books, with e-publishing and e-readers becoming increasingly popular. The industry chain structure includes digital publishing firms, vendors, and application platforms, with companies experimenting with product launch and product enhancement to stay competitive. Despite piracy concerns, the premium segment readers continue to pay for digital content, including daily paid circulation and subscription-based services. The media industry is embracing digital technology to reach wider audiences and enhance the user experience, with initiatives focusing on creativity, education, and audio content through digital audio/podcasts.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeGeneral NewsSpecific NewsApplicationSmartphonesLaptopsPCsOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Neusoft Remains No.1 in China’s Healthcare Security Information System Market Share

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SHENYANG, China, July 18, 2024 /PRNewswire/ — In a recent report by IDC titled China Healthcare Security Administrating System Market Shares, 2023: Deepening Application, Neusoft Corporation (Neusoft, SSE: 600718) once again ranks first in China’s healthcare security information system market share, reflecting its ongoing leadership in this field.

Healthcare security informatization was the starting point of Neusoft’s Big Health business strategic layout. Having been deeply engaged in the field for three decades, Neusoft witnessed the development process of China’s healthcare security system, and has been empowering the establishment of the multi-tier and wide-coverage system with its innovative technologies, products, solutions and services. With rich experience and successful practice in healthcare security informatization, Neusoft has won widespread recognition and good reputation in the market. Meanwhile, Neusoft is actively developing systems for deepening application in the areas of data governance and public services, and integrating AI technology into healthcare security informatization, to lead the industry towards continuous innovation and advancement.

Currently, Neusoft provides robust support in building China’s unified national healthcare security information platform, as well as the healthcare security platforms in over 200 cities across 25 provinces. Neusoft is enhancing its R&D investment in AI technology, continuously exploring the innovative application scenarios and practices of healthcare security big data. Besides, Neusoft has recently introduced an integrated solution tailored for China’s compact county-level medical community, facilitating total payment for healthcare security, to empower the development of county-level medical communities.

Looking ahead, Neusoft will strengthen its digital and intelligent business layout and continue to engage deeply in building intelligent healthcare security information system, enhancing the accessibility and convenience of healthcare security services, to promote the digital and intelligent development of the industry.

For more information about Neusoft, please visit www.neusoft.com

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SOURCE Neusoft Corporation

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Motherhood Care+ Secures Seed Funding from Care Ventures Group to Revolutionise Maternity Care Industry

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KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — Motherhood Care+, an innovative health & wellness tech startup based in Malaysia, announced today the successful completion of a seed funding round in December 2023, led by Care Ventures Group, a fund specialising in healthcare, wellness, medical, and AI technologies.

Motherhood Care+: The Future of Maternity

Motherhood Care+ aims to elevate maternity care standards by integrating a comprehensive array of products and services from confinement centres, confinement nannies, and confinement wellness providers. Recognising the critical importance of prenatal and postnatal health & wellness for new mothers, the startup supports women throughout their 9-month pregnancy journey and the crucial first 100 days post-birth.

Motherhood Care+ is a female-led and female-founded company, established in May 2023 by Tan Yew Aik and Goh Shze Yinn. Ms. Tan brings over a decade of experience in the postpartum care and maternity industry and is a co-founder and committee member of the Malaysian Postpartum Care Association. Ms. Goh, with a diverse background in finance and technology, also serves as a board member of Nuren Group Limited, an Australian-listed parenting tech company. Their combined expertise and leadership are pivotal in driving the vision and success of Motherhood Care+.

Funding and Future Plans

“We are thrilled to partner with Care Ventures Group, whose investment underscores our mission to transform the maternity care and wellness landscape,” said SY Goh, Co-founder of Motherhood Care+. “With this funding, we plan to expand our platform and enhance our technology to streamline operations and optimise user experience. In the next six months, we aim to feature at least 750 confinement centre rooms and 1,300 confinement nannies in the Care+ Members App, enabling us to better serve mothers across Malaysia and Singapore.”

Care Ventures Group’s investment comes as Motherhood Care+ achieves operational profitability within less than a year of its inception in March 2024. The startup is set to launch its flagship technology platform, the Care+ Members App, in August 2024. The app aims to cater to 200 new mothers monthly by providing access to a curated selection of maternity care services.

Investor’s Perspective

“We are impressed with the traction and metrics that Motherhood Care+ has achieved in such a short period,” said Dato Eng, Partner at Care Ventures Group. “Both Tan and Goh are domain experts, combining extensive knowledge of the maternity industry with operational excellence in technology adoption and financial controls. I am excited to be part of this promising journey.”

Utilisation of Funds

The seed funding will support Motherhood Care+’s strategic initiatives, including merchant acquisitions, process optimisation, and technology advancement. Over the next six months, the startup aims to onboard over 750 confinement centre rooms and 1,300 confinement nannies onto the Care+ Members App, enhancing accessibility to quality maternity care services across Malaysia and Singapore.

Learn More

To sign up and learn more about the Care+ Members App, visit https://app.motherhood.care/home.

About Motherhood Care+

Motherhood Care+ is a forward-thinking health & wellness tech startup dedicated to revolutionising maternity care. Established in May 2023 and based in Kuala Lumpur, Malaysia, Motherhood Care+ aggregates products and services from confinement centres, confinement nannies, and confinement wellness providers to support new mothers throughout their pregnancy and postnatal journeys. Led by co-founders Tan Yew Aik and Goh Shze Yinn, the company combines extensive industry expertise with innovative technology to enhance maternal health outcomes. Motherhood Care+ aims to elevate maternity care standards by integrating comprehensive solutions that prioritise the health and wellbeing of mothers and their newborns.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/motherhood-care-secures-seed-funding-from-care-ventures-group-to-revolutionise-maternity-care-industry-302201306.html

SOURCE Nuren Group

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Introducing the World’s First Consent-Based Data-Sharing Framework Built on Open Standards: The Affinidi Iota Framework

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Affinidi Iota Framework disrupts how businesses gain insights about customers. The framework shifts the processing of queries to a personal data vault, providing transparency regarding what is disclosed through explicit consent. This grants individuals full control over how they are discovered and how they share information with others.Affinidi Iota framework democratises developers’ access to data through modern and privacy-preserving open standards, including W3C Verifiable Credentials, DIF Decentralised Identifiers, OID4VP, OID4VCI, and Presentation Exchange format (PEX).

BERLIN, SINGAPORE, BANGALORE, India, July 19, 2024 /PRNewswire/ — Affinidi, a Singapore-based data and identity management company, launched the Affinidi Iota Framework built on open standards at the WeAreDevelopers World Congress. This innovative framework establishes a new way for individuals to share data by prioritising explicit consent, empowering individuals to selectively share specific data points with a clear understanding of their intended use.

In the traditional digital landscape, individuals often share sensitive data with third parties without transparency or control, leaving their data vulnerable to misuse, unauthorised access, and data breaches. A Twilio report shows that 60% of Asia Pacific consumers demand consent and communication on data use, while a PwC study reveals a trust gap, with only 30% of consumers trusting businesses. Existing solutions exacerbate these issues by collecting vast amounts of individuals’ data (essential/non-essential) and transferring it to back-end databases, burdening developers with managing large volumes of data and associated risks.

Affinidi’s Iota Framework disrupts this outdated model, pioneering a new era of data privacy and security. The Affinidi Iota Framework enables developers to request essential data points directly from individuals, with explicit consent, eliminating the need to collect and store non-essential information. This approach ensures individuals maintain control over their data, reducing storage burdens, and minimising risks associated with data collection and potential misuse. Affinidi equips developers with dev-friendly templates and robust tools, streamlining the setup of data-sharing processes. With our easy-to-use SDK, developers can navigate the complexities of identity, privacy, and security, building innovative solutions in just minutes.

The Affinidi Iota Framework revolutionises data exchange between businesses and individuals by adhering to strict consent-first principles, providing businesses with richer, more accurate data that enhances personalisation, and fosters market innovation and competitiveness. Roopesh Shah, Co-Founder and CTO of Gro Club, India’s first and largest bicycle subscription model that recently adopted Affinidi’s solution for seamless integration, shared, “We began with Affinidi Login to simplify access to individual data through a one-click onboarding process. But with the introduction of the Affinidi Iota Framework, we are thrilled to advance beyond efficient customer onboarding, laying the groundwork for a future where every interaction is precisely tailored to individual preferences based on accurate and consented data.”

Built on Open Standards

The Affinidi Iota Framework leverages cutting-edge technologies such as the DIF Presentation Exchange (PEX) protocol and the OpenID for Verifiable Presentations (OID4VP) specifications built on OAuth 2.0 to deliver a robust consent-first solution for a new way of data sharing.

At the heart of the Affinidi Iota Framework is the DIF Presentation Exchange (PEX) specification. PEX, based on JSONPATH, serves as a standard query language for data exchange, enabling powerful filtering capabilities that accommodate simple and complex use cases. By defining data requests with a structured syntax, PEX simplifies data sharing, making specific data requests more seamless and efficient. Using standardised schemas ensures that queries are portable, allowing multiple developers and businesses to utilise them without reinventing the wheel. This streamlines the data exchange process and enhances interoperability across different systems.Building on the robust OAuth 2.0 authorisation framework, the OID4VP protocol provides a secure transport mechanism for Verifiable Presentations. Simply put, Verifiable Presentations extract specific information from Verifiable Credentials, like signed digital containers holding personal data (such as an ID or diploma). These presentations, shared as VP Tokens, ensure data authenticity and provenance. This groundbreaking feature enhances data safety, reducing risks of data breaches and fraud by sharing only necessary, verified information. It establishes transitive trust efficiently, maintaining high security and privacy standards within the Affinidi Iota Framework.The Affinidi Trust Development Kit (TDK), our SDK, is an open-source toolkit that enables developers to build privacy-preserving applications efficiently, aligning with complex and evolving standards. This streamlined solution integrates multiple elements to provide privacy functionalities without requiring workflow overhauls. By bridging Web 2 and Web 3 technologies, the framework leverages decentralised data stored in the Affinidi Vault for just-in-time data acquisition. It offers a range of modules, including clients for identity management, verifiable credential handling, and login configurations, ensuring flexibility and choice for developers. Supporting various programming languages such as TypeScript and Python facilitates seamless integration of Affinidi’s trust services into applications.

How it Works

The Affinidi Vault is a secure personal data store where individuals can securely store their information. Developers need to create an Affinidi Iota Framework configuration to set up the basics required to query the data from the Affinidi Vault. After creating a configuration, developers can integrate the Affinidi Iota Framework into their application with the Affinidi TDK. This setup ensures that data is shared only with the explicit consent of the vault owner, empowering individuals with choice and control over the information they share while enhancing data privacy and security. This also simplifies real-time data acquisition, reduces complexity, and enhances trust and transparency.

Revolutionising Data Exchange and Ownership

Affinidi is leading a global movement to return data ownership to individuals through its Holistic Identity concept, addressing the fragmentation of digital identities across platforms. The release of the Affinidi Iota Framework marks another significant step towards achieving this vision.

“In a new world where individuals can control their identity and data, we must redefine how information is shared. The Affinidi Iota Framework represents a major step forward in safeguarding privacy and consent by shifting information processing to the individual’s personal data vault. Gone are the days of trusting third parties with sensitive documents like pay slips and bank statements just to open a bank account,” said Glenn Gore, Chief Executive Officer of Affinidi.

The beta version of the Affinidi Iota framework can be accessed through the Affinidi Portal. Learn more about the Affinidi Iota Framework here.

About Affinidi

Affinidi is a data and identity management company founded by Temasek in 2020 that aims to revolutionise data ownership for good through its Holistic Identity concept. Globally anchored in Singapore and supported by strategic hubs in Berlin, Ukraine, and Bangalore, Affinidi seeks to empower individuals, and enrich developers and businesses through its consent-driven and privacy-preserving solutions, rooted in trust and security.

The Holistic Identity concept encompasses the complete spectrum of discovering, collecting, sharing, storing, and even monetising one’s data in the digital world. Affinidi adopts an unwavering user-first approach, providing innovative developer tools with a ‘privacy-by-design’ philosophy within every layer of their tech stack. It emphasises and executes an end-to-end network trust known as the Affinidi Trust Network, underpinning a data environment that is secure and inherently interoperable. This commitment to decentralised identity management transcends borders and industries.

Affinidi is actively pioneering the #ReclaimYourData movement through advocacy, partnerships, and education. Find out more here: https://www.affinidi.com.

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