0
New
New
2022
Webtoons Market

Webtoons Market by Types (Comedy, Action, Sci-Fic, Horror, Romance, Others), by Revenue Model (Subscription Based, Adds bases), by Application (Mobile, Laptop, Tablets, Television): Global Opportunity Analysis and Industry Forecast, 2021-2030

A16830
Pages: 264
Jul 2022 | 405 Views
Author(s) : Naga Surya Sanka, Neha Mittal , Vitika Verma
Tables: 155
Charts: 68
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Webtoons Market

Request Now !

 

Webtoons Market Research, 2030

The global webtoons market size was valued at $3.7 billion in 2021, and is projected to reach $56.1 billion by 2030, growing at a CAGR of 36.8% from 2022 to 2030. The majority of people across the global having access to Internet connection has resulted in increasing number of consumers inclining towards webtoon. Rising growth of mobile cellular subscription has led to an upsurge in online activities made available on various entertainment platforms including digital comic, series, action comics, and others. Webtoon and digital technologies significantly lowered the cost of digital image creation by reducing the need for drawing tools (e.g., drawing pens and screen tone), while enhancing the readiness with which a larger audience can be reached.

During the pandemic, political stability in the entertainment industry played very important role for market players in the webtoons industry. For instance, tax policies are applied on large-scale shows, celebrity or sponsors stage shows, festivals, and others. It is the government who will decide what entertainment facilities to provide to the public and their prices and taxes. With respect to the digital industry, charges are waived off, and free subscriptions/extensions have been offered to the users

Webtoons Market, Webtoons Market Size, Webtoons Market Share, Webtoons Market Trends, Webtoons Market Growth, Webtoons Market Forecast, Webtoons Market Analysis

Get more information on this report : Request Sample Pages

The webtoons market is segmented into Types, Revenue Model and Application.

Webtoons can only be read online and the majority of the webtoons are very short in length due to which they do not have enough chapters to make a print edition. In addition, different illustrators present in webtoon shows are amateur due to which quality and level of webtoon stories may disappoint readers. Although, webtoons are slowly spreading their roots across different countries, currently, the webtoons market is mostly saturated in countries such as South Korea, Malaysia, Vietnam, and Taiwan owing to which the webtoons industry has a long way to go to make its dominance across other countries.

Webtoons are estimated to generate huge growth opportunities as these digital comics have significantly reduced need of purchasing drawing tools such as screen tone and drawing pens. Webtoons comprise vertically arranged images in which users can scroll from top to bottom, which allows creators to show one large-size image on mobile or tablet. Such layout makes webtoons less restricted in terms of the ‐˜layout‐™ of the images which is important for storytelling. Additionally, major companies operating in the webtoons market are focusing on launching of new series and fresh content to attract significant users. The aforementioned factors are anticipated to create better opportunities for webtoons market growth in the near future.

Some of the leading webtoons market players are NAVER Corp., Kakao Corp., Lezhin Entertainment, Tappytoon, ToryComics, Toomics Global, Ridibooks (RIDI Corp), KidariStudio, Webtoon Factory, and Izneo Webtoon.

The global webtoons market is divided into type, application, revenue model, and region. On basis of type, the market is sub-segmented as comedy, action, sci-fi, horror, romance, and others. On the basis of revenue model, the market is sub-segmented as subscription based and advertisement based. On basis of application, the market is sub-segmented as mobile, tablets, laptop, and television. On basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Webtoons Market
By Types

Your browser does not support the canvas element.

Comedy held the highest market share in the year 2021

Get more information on this report : Request Sample Pages

By type, the romance sub-segment in expected to have the highest growth rate during the forecast period. Webtoon is becoming more and more popular as a platform for reading comics, with romance being one of the most popular genres. On the popular webcomic app ‐˜Webtoon‐™, romance appears to be the most popular genre as readers are able to feel the raw emotions of romance stories and can relate with the characters. Many of the app's most popular cartoons are in the romance genre, which has been the primary source of new users. Webtoon has become a platform for anyone to produce their own comic, manga, or manhwa.

Webtoons Market
By Revenue Model

Your browser does not support the canvas element.

The subscription-based revenue model is anticipated to grow at the fastest CAGR

Get more information on this report : Request Sample Pages

By revenue model, the subscription based sub-segment is projected to be the fastest growing during the forecast period. Subscription based models are used in almost every industry for instance food and digital industries. A subscription business model is when a consumer pays a charge on a regular basis to gain access to your product or service, which allows you to collect recurring revenue from a group of loyal customers.

Webtoons Market
By Application

Your browser does not support the canvas element.

Mobile segment held the highest market share and is anticipated to continue its dominance over the forecast period.

Get more information on this report : Request Sample Pages

By application, the mobile sub-segment is projected to be the fastest growing during the forecast period. Mobile phone has become an essential electronic device in every common person‐™s life. App store systems have improved user convenience, resulting in increased penetration and screen time. Owing to increasing popularity of mobile phones, people are exploring with its applications. Mobile phones are increasingly utilized to stay connected with one another (via social media, networking, and instant messaging services). These are the factors responsible for people spending more time on their phones reading webtoons, which are easily available on mobile webtoon apps.

Webtoons Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific accounted for the highest market share in 2021, and growing with a CAGR of 36.5% throughout the forecast period.

Get more information on this report : Request Sample Pages

By region, Europe market is projected to be the fastest growing by registering highest CAGR during the forecast period. Webtoon will launch services in French and Spanish, with a German service following in 2022. Webtoon is also Europe's most popular digital comic‐™s platform, featuring versions in French, Spanish, and German. Webtoons is expected to create a new European corporation, cementing its position as the top player in the European digital comics market and be the largest digital comic‐™s platform across the world. The new webtoon European Corporation's headquarters will be located in France.

Impact of COVID-19 on the Global Webtoons Market

  • The COVID-19 pandemic had a favourable influence on the global webtoons industry. Economic factors such as inflation, income distribution, employment rate, demographics, GDP growth, and others have a great impact on the revenue growth of the webtoons market. During the pandemic, people with higher disposable income tend to spend more time and money on entertainment. Even in developing countries, people are price sensitive and still prefer to spend time on entertainment. Moreover, India has one of the best media industries, and it is estimated to develop more in children genre owing to huge population of youth.
  • During the pandemic, political stability in the entertainment industry played very important role for market players in the webtoons industry. For instance, tax policies are applied on large-scale shows, celebrity or sponsors stage shows, festivals, and others. It is the government who will decide what entertainment facilities to provide to the public and their prices and taxes. With respect to the digital industry, charges are waived off, and free subscriptions/extensions have been offered to the users.
  • Despite the impact of COVID-19, the technology and entertainment industries are pillars and inseparable entities. Webtoons industry is widely driven by technological developments. Rising adoption of digital platforms and devices such as smartphones and tablets has forced companies across the globe to invest more in technological developments. Technological advancements will reshape the future of webtoons content creators so as to connect mass audiences.
  • COVID-19 had a significant impact on the market as well as community. However, the webtoons industry is highly dependent on the audience. It is seen that most of the people spend time on social media and television even while working. Webtoons are shaping social culture to some extent as people watch dramas, comics, and are actively engaged in such entertainment stuff. Such factors have a positive impact on the social aspect of the webtoons market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the webtoons market analysis from 2021 to 2030 to identify the prevailing webtoons market forecast and opportunities.
  • The report also provide an depth analyis of the webtoons market share across the globe.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the webtoons market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global webtoons market trends, key players, market segments, application areas, and market growth strategies.

 

Key Market Segments

  • By Types
    • Comedy
    • Action
    • Sci-Fic
    • Horror
    • Romance
    • Others

  • By Revenue Model
    • Subscription Based
    • Adds bases

  • By Application
    • Mobile
    • Laptop
    • Tablets
    • Television

  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Malaysia
      • Rest Of Asia Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of LAMEA

Key Market Players

  • NHN COMICO CORP
  • SIDEWALK GROUP
  • MARVEL UNLIMITED
  • naver webtoon corp
  • Kakao Corp.
  • Lezhin Entertainment
  • TAPPYTOON
  • BOMTOON
  • DAUM WEBTOON AND COMPANY
  • IZNEO WEBTOON
 

Loading Table Of Content...


 
 

Digital comics have been made in a variety of forms since the late 1990s as Internet has grown in popularity and analog content has been more digitalized. Webtoons comprise vertically arranged images in which users can scroll from top to bottom which enables creators to show one large-size image on mobile or tablet.

Over the last few years, changes have also been made to the topics and target audience. Webtoons began as simple, cheerful stories about ordinary life and personal experiences. They were put on personal blogs and popular websites by unknown people and quickly disseminated among web users. As webtoons became more widely available on the Internet, the storylines got more narrative-driven and dramatic, with more complex pacing. Internet portals have enabled a rising number of authors, both new and established, to earn money from webtoons (compensation or profit-sharing), maintaining a steady supply of content under the user-created content model.

Moreover, webtoon content and platforms represent a unique content genre and distribution system developed in Korea. What users enjoy today is the result of years of optimization and transformation in areas such as platform services, content supply systems, storylines, and formats. Korea is indeed the global trendsetter in all aspects of webtoons.

Europe market is projected to be the fastest growing by registering highest CAGR as webtoons are being produced in French, Spanish, and German languages.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
FREQUENTLY ASKED QUESTIONS?

A. The diverse genres of webtoons like comedy, action, sci-fi, romance, and others are driving the market. Also, transition from comics to webtoons production will be another major factor boosting the market revenue growth

A. Youngsters (ages 14–24) and female population (about 64%) are the major customers in the global webtoons market.

A. The use of mobile, laptop, tablets, and television is expected to drive adoption of webtoons.

A. Asia-Pacific will provide more business opportunities for the global webtoons market in the future.

A. NAVER Corp., Kakao Corp., Lezhin Entertainment, Tappytoon, ToryComics, Toomics Global, Ridibooks (RIDI Corp), KidariStudio, Webtoon Factory, and Izneo Webtoon are the major players in the webtoons market.

A. The major growth strategies adopted by webtoons market players are product launches and collaborations

A. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global webtoons market to help players in achieving a strong market position.

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Webtoons Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,995  $8,796
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers