News Syndicates Global Market Report 2024

The news syndicates market size has grown strongly in recent years. It will grow from $14.18 billion in 2023 to $14.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The expansion observed during the historical period can be attributed to several factors, including the dominance of print media, the ability for global news distribution, cost-efficiency for publishers, the provision of diverse content for readers, and the efficiency in content curation facilitated by news syndicates.

The news syndicates market size is expected to see steady growth in the next few years. It will grow to $17.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The anticipated growth in the forecast period can be attributed to factors such as digital transformation, the emergence of niche and specialized content, a heightened demand for visual content, integration with artificial intelligence (AI) and automation, and the increasing emphasis on customization and personalization. Key trends expected in the forecast period encompass the adoption of multimedia storytelling formats, hyperlocal news syndication, the integration of user-generated content, the use of blockchain for content verification, and the continued focus on customization and personalization features within the news syndication industry.

The growth of internet news subscriptions is playing a significant role in driving the expansion of the news syndicates market. Internet news subscriptions involve the payment of a certain amount to access digital news and related content online. This trend benefits news syndicates as they play a role in providing subscribers with authorized news from renowned journalists. According to the Reuters Institute for the Study of Journalism in 2022, 29% of individuals in the USA subscribed to one or more news websites in 2021, with 19% paying for online news during the same period. The increasing prevalence of internet news subscriptions is a key driver for the growth of the news syndicates market.

The widespread use of social networks is expected to propel the news syndicates market's growth. Social networks are online platforms or services that facilitate connection, communication, and information sharing among individuals. News syndicates leverage social media to share and distribute news articles, making it easily accessible and promoting discussions among users. According to Backlinko's statistics in 2023, there were 4.48 billion active social media users globally in 2021, reflecting a 13.13% annual increase from 2020's 3.69 billion. The increased engagement on social networks is a driving force for the news syndicates market.

Major companies in the news syndicates market are concentrating on the development of comprehensive platforms, such as news apps, to provide users with daily briefings. News apps are digital applications designed to deliver news content to users. Samsung, a South Korea-based electronics manufacturer, launched the 'Samsung News' app in April 2023. This app aims to offer Galaxy users in the US a convenient and curated news experience, featuring daily briefings, news feeds, and podcasts to cater to users seeking a streamlined source for their daily news updates.

Strategic syndication programs, such as story syndication initiatives, are being developed by major companies in the news syndicates market to address distribution challenges in the news industry. Story syndication programs involve the distribution and publication of news stories or press releases across various media outlets and platforms. News Direct, a US-based public relations and communications firm, introduced NewsBoost in October 2021, in partnership with Broadry. This story syndication program enables users to create customized articles, reach additional impressions, and receive detailed reporting for press announcements, providing an efficient and modernized approach to news dissemination.

In April 2022, G/O Media, a US-based media holding company, acquired Quartz for an undisclosed amount. This acquisition enhances G/O Media's position as a media company by adding Quartz's award-winning journalism and global audience to its portfolio. Quartz is a US-based news publisher with a focus on international business news.

Major companies operating in the news syndicates market report are A&E Networks LLC, British Broadcasting Corporation, Canadian Broadcasting Corporation, Channel Four Television Corporation, Heartland Media LLC, King Features Syndicate Inc., RTL Group S.A., The Associated Press, Thomson Reuters Corporation, ViacomCBS Streaming Inc., Vice Media Group LLC, Warner Media LLC, TiVo Corporation, CANAL+ Group, CBS Interactive Inc., Twenty-First Century Fox Inc., Bloomberg L.P., Dow Jones & Company Inc., The Financial Times Ltd., Forbes Media LLC, Gannett Co. Inc., Hearst Communications Inc., The McClatchy Company LLC, Meredith Corporation, News Corp., The New York Times Company, Newsday LLC, Newsweek Media Group Inc., National Public Radio Inc., Reuters Group Limited, Sinclair Broadcast Group Inc., The Economist Group Limited, Guardian News & Media Limited, The Hill Inc., HuffPost Inc., The Wall Street Journal Inc., The Washington Post LLC, USA Today LLC, Vox Media Inc.

North America was the largest region in the news syndicates market in 2023. The regions covered in the news syndicates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the news syndicates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

There are various types of news syndicates, including digital terrestrial broadcast, satellite broadcast, cable television broadcasting services, internet protocol television (IPTV), and over-the-top television (OTT). Digital terrestrial broadcast refers to a broadcasting system that transmits content over the air, which can be received using an antenna, rather than through cable or satellite connections. These syndicates provide features for use in various applications, including public and commercial outlets, spanning magazines, newspapers, and websites.

The news syndicate market research report is one of a series of new reports that provides news syndicate market statistics, including news syndicate industry global market size, regional shares, competitors with a news syndicate market share, detailed news syndicate market segments, market trends and opportunities, and any further data you may need to thrive in the news syndicate industry. This news syndicate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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