South Korea Webtoons Market to Witness Significant Growth Until 2025
Growing internet penetration is expected to drive the
growth of South Korea webtoons market.
According to TechSci Research
report, “South
Korea Webtoons Market By Genre (Romance, Comedy, Action, Sci-Fi, Action,
Horror, Others), By Revenue Model (Subscription Based v/s Advertisement Based),
By Company, By Region, Forecast & Opportunities, 2025”,
the market is expected to grow at an impressive rate during the forecast
period owing to the growing popularity of webtoons among the population in the
country. Webtoons have replaced the printed manhwa works in the comic industry
of South Korea. People often read webtoons while travelling to work on a daily
basis. This in turn has spurred the demand for webtoons in the country.
Furthermore, surging internet users in the country
is further expected to drive the market growth over the next few years.
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In terms of genre,
South Korea webtoons market is categorized into romance, comedy, action,
sci-fi, action, horror and others. The romance segment followed by comedy is
expected to hold significant market shares. This can be ascribed to the
popularity of these genres among the users. Additionally, the webtoons creators
are also making majority of their works on these genres only.
Some of the major
players operating in South Korea webtoons market are Naver Corporation, Kakao
Corporation, Lezhin Entertainment, Tappytoon Comics & webtoons, ToryComics
Co., Ltd., Toomics Global Co., Ltd., among others.
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“South Korea
webtoons market is expected to grow significantly owing to their growing
popularity not only in the country but also across the globe. The effect of
Korean wave is clearly visible across the globe especially among the countries
such as China, India, Indonesia, Vietnam, Singapore, among others in the Asia
Pacific region. This in turn is expected to positively influence the market
growth through 2025. Furthermore, the emergence of various webtoon developer
companies and freelancers is expected to further bolster the market growth over
the next few years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“South Korea Webtoons
Market By Genre (Romance, Comedy, Action, Sci-Fi, Action, Horror, Others), By
Revenue Model (Subscription Based v/s Advertisement Based), By Company, By
Region, Forecast & Opportunities, 2025”, has evaluated the future
growth potential of South Korea webtoons market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in South Korea webtoons market.
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