Global Magazine Publishing - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Out of ink: Online and alternative media have greatly threatened traditional magazines' revenue

The industry has struggled to adapt to the challenges and opportunities presented by digital disruption and economic shifts in recent years. The proliferation of new forms of media, with many available online and for free, has threatened the traditional position of magazines. In addition to competition from online media, industry operators have struggled to adopt successful digital monetization strategies. Magazine circulation has remained relatively steady, and newsstand sales have declined in developed economies, leaving publishers to sell heavily discounted subscriptions to bolster their audience and maintain value for advertisers. Global magazine and periodical publishing revenue is expected to dip at a CAGR of 4.1% in the past five years to reach $79.8 billion in 2023, after falling an estimated 2.8% in 2023 and reaching a profit of 8.7%.

The Global Magazine Publishing industry comprises enterprises that publish magazines or periodicals. These businesses carry out the operations necessary for producing and distributing magazines and other periodicals, such as gathering, writing and editing articles as well as selling and preparing advertisements. These enterprises may publish magazines and other periodicals in print or electronic form.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.