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Increase in smartphone and internet penetration, Government support, consumer preference towards local language is expected to drive India Vernacular News and Content Platform: Ken Research

Increasing Internet and Smartphone penetration, improving digital literacy, reduced internet charges and covid-19 pandemic have collectively influenced the demand of Vernacular users in the country. Players in Vernacular industry are providing multiple services in multilingual format aiming to cater the content demand from different parts of the country.

Multiple services are provided along with news and content such as jobs, matrimony, fantasy games among others. Establishment of Koo, an Indian language microblogging platform, marked as a major break in the industry, where they are competing with Twitter and might surpass their user base by 2023.  The companies are however facing technology barriers with restrictions in website fonts, limited database access to build AI and ML, and Indic language chat-bot assistance.

Government program of training and assisting vernacular companies through their Vernacular Innovation Program to bridge the language barrier in the country.

Ministry of Electronics and Information Technology is working to build instant language translator in the country and the development of computer operating system ‘Bharat Operating System Solution(BOSS)’ by C-DAC  in 19 Indian languages to increase the computer penetration in the country are boosting the vernacular space in the country. The new National Education Policy 2020 also focuses on multilingualism and mother tongue as the medium of instruction. Government is investing INR 1.13 Lakh Cr to provide government facilities in local Indian languages.

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Several major investors such as Y Combinator, Temasek Holdings, Krafton, Westbridge Capital investing in the vernacular content platforms and multiple acquisitions in the Industry by DailyHunt, ShareChat, Koo and others. Tier 3 and Tier 4 cities audience are the major target by vernacular players due to their preference of consuming content in regional language, and unavailability of content sharing platform for these users. Ancillary services are provided on the news platform to generate revenue from multiple fronts such as matrimony features, job search, and fantasy gaming is provided on a subscription basis from the users. Content platforms are charging from the users through freemium model, by giving premium access to paid users.

The report titled India Vernacular News and Content Market Outlook to 2025: Driven by adoption of high rural smartphone and internet penetration, shifting consumer preference towards local language and content creation” by Ken Research suggested that the Vernacular News and Content platform market is expected to grow significantly owing to increasing internet and smartphone penetration in rural part of the country assisted with the government support. The government can establish a logistics manpower framework, establish a skills council for logistics; pricing at sea ports to attract FDI, revise regulations around customs licensing, promoting bonded logistics & strengthening trade relations with other countries. Covid-19 drive the growth of Vernacular Industry with the increasing in screen time of users and data consumption, especially in rural India with majority of migrant laborers went back to their native places.

india-vernacular-news-and-content-market

Key Segments Covered in Indian Vernacular Industry: –

Indian Vernacular Market

By Business Model

Aggregator

Integrator

User Based

By Region of Operation

North

West

South

East

By Language

Hindi

English

Tamil

Telugu

Malayalam

Kannada and Others

By Content

Video

Written

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By Operation model

Free users

Paid users

Key Target Audience

Vernacular News players

Vernacular social media players

Vernacular written content players

Digital Advertiser

Vernacular Technology provider

Vernacular users

New Entrant in Vernacular space

Associated or affiliated Banks with Vernacular entities

Regulatory Bodies for Vernacular entities

Time Period Captured in the Report: –

Historical Period: FY’2017-FY’2022

Forecast Period: FY’2022-FY’2027F

Companies Covered:

Vernacular News Platforms

Dailyhunt

One India

News Point

Headline Network

Way2News

Lokal

PaperBoy

Vernacular Social Media and Content

ShareChat

Koo

Vokal

Pratilipi

Key Topics Covered in the Report

Overview of India Vernacular Industry

Vernacular India Market Overview

Vernacular India Market Sizing and Segmentation

Vernacular Industry Analysis

End User Analysis in Vernacular Players

Future sizing and outlook for Vernacular Industry

Competitive analysis of Indian Vernacular Industry Players

Value Chain Analysis of Vernacular players

Vernacular Industry Addressable market

Recommendations / Success Factors

Research Methodology

For more insights on the market intelligence, refer to the link below: –

India Vernacular News and Content Platform

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