WEBCOMICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Piracy is undoubtedly one of the major restraints impacting the revenue opportunities and growth of the global webcomics market. When webcomics are illegally shared over unregulated platforms without compensating the creators, it hinders the monetization prospects of this industry. Several studies show that webcomic piracy levels remain significantly high across various regions. As per data from the International Intellectual Property Alliance, piracy rate of print comics and graphic novels stands at over 60% in certain Asian countries in 2022. This widespread infringement of copyright severely limits the possibilities for webcomic artists and publishers to generate adequate revenues through legitimate means like subscriptions, digital purchases, merchandising etc.

Market Opportunities: Growth of digital comics in developing markets

The increasing penetration of smartphones and access to affordable mobile internet across developing regions of Asia, Africa and South America presents a major growth opportunity for the global webcomics industry. With traditional print media still lacking widespread reach in many emerging economies, digital comics available online provide a convenient and inexpensive way for readers in these markets to access a wide variety of comic book titles. As mobile data tariffs continue to decline driven by government initiatives to promote digital inclusion, more users in developing nations will be able to enjoy webcomics seamlessly on their smartphones.