Global Online Comic Reading Platform Market Overview:
Online comic also known as internet comic or webcomic is published on websites or mobile app. The change in reading habits and emerging trend of distance learning due to the covid-19 pandemic has accelerated the adoption of online comic reading platforms. Online comic also helps students or an individual to learn a new language and provide easy & fast access to any information prepared within the framework of distance education. Online comics are highly beneficial when it comes to multiple parts of any comic, the user doesn’t have to purchase a whole collection of hard copies as the digital offers continuation of series.
- Rise in Online Reading Will Attract the More Buyers Due to Its Convenience and More Interactive Reading Experience
- Surging Demand of Digital Learning Instead of Traditional Learning Methods to Enhance Learning Experience
- Lack of Proper Internet Connectivity and Updated Version of Operating Systems
- High Cost of Subscription May Hamper the Growth Due to Availability of Large Number of Players
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Comixology (Amazon) (United States), DC Universe (United States), Marvel Unlimited (United States), Crunchyroll (United States), Bilibili Manga (Singapore), WEBTOON Entertainment Inc. (Naver Corporation) (South Korea), DeviantArt (United States), Imgur (United States) and GoComics (Andrews McMeel Universal) (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Online Comic Reading Platform market by 2026. Considering Market by Pricing Model, the sub-segment i.e. Monthly will boost the Online Comic Reading Platform market.
Latest Market Insights:
In May 2021, Kakao Entertainment acquired Tapas Media, the US-based mobile comic platform to expand its presence in North America. Tapas is the fastest-growing webtoon platform in North America. As Kakao is not popular from out of Asia, the acquisition will create an opportunity for Kakao Entertainment’s global operation by offering its expertise and leadership in the US market.
What Can be Explored with the Online Comic Reading Platform Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Comic Reading Platform Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Comic Reading Platform
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Comic Reading Platform market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Comic Reading Platform market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Online Comic Reading Platform Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Online Comic Reading Platform Market?
The Online Comic Reading Platform market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Online Comic Reading Platform Market?
Top performing companies in the Global Online Comic Reading Platform market are Comixology (Amazon) (United States), DC Universe (United States), Marvel Unlimited (United States), Crunchyroll (United States), Bilibili Manga (Singapore), WEBTOON Entertainment Inc. (Naver Corporation) (South Korea), DeviantArt (United States), Imgur (United States) and GoComics (Andrews McMeel Universal) (United States), to name a few.
3. What trending factors would impact Online Comic Reading Platform Market growth most?
"The Integration of Immersion and Interactivity in the Comics" is seen as one of major influencing trends for Online Comic Reading Platform Market during projected period 2020-2026.