E-book market size grows by $ 6.93 billion

NEW YORK, Nov 10, 2021 /PRNewswire/ — According to the research report “E-Book Market – Forecast and Analysis Report 2021-2025,” the market is expected to have an annualized growth rate of 6.04% in 2021 and is expected to grow at a CAGR of 7% between 2020 and 2025.

Attractive opportunities in the eBook market by product, platform usage and geography - forecast and analysis 2021-2025

Attractive opportunities in the eBook market by product, platform usage and geography – forecast and analysis 2021-2025

North America is the largest market for e-books. Factors such as the benefits and reader engagement of eBooks create significant growth opportunities for household composting machine manufacturers in APAC. The set of interactive components integrated into eBooks includes verbal interaction, AR, and gaming. Thus, the demand for interactive eBooks will continue to rise, which will drive the growth of the global eBook market during the forecast period.

Preview: to know additional highlights and key points on different market segments and how they will affect the coming years.

Supplier insights

The global e-book market is fragmented in nature due to the presence of several global and regional players.

Growing competition in the market forces suppliers to adopt various growth strategies such as promotional activities and ad spend to improve the visibility of their products. Some suppliers also employ inorganic growth strategies, such as mergers and acquisitions, to remain competitive in the market.

For example – In September 2020, Hachette Livre announced the acquisition of Laurence King Publishing (LKP), the UK’s largest gift publisher and one of the country’s three largest art publishers.

Find additional highlights on suppliers’ growth strategies and their product offerings. Read an example of a market research report.

Geographic Market Analysis

North America offers maximum growth opportunities in the publishing market during the forecast period. According to our research report, the region currently holds 45% of the global market share and is expected to dominate the market until 2025.

In addition, countries such as the United States, Canada, UK, Germany, China, and Italy are expected to emerge as prominent markets for e-books during the forecast period.

Learn about the geographic spread of this market along with the detailed analysis of the top regions. https://www.technavio.com/report/e-book-market-industry-analysis

Key market trends and challenges:

The report identifies the increasing adoption of online local language translation modules in eBooks as one of the key trends driving the growth of the market during the forecast period. The localization of content and online translations into local languages ​​in the global eBook market is gaining prominence as countries around the world have many native languages. Publishers consider the online translation of eBooks into several local languages ​​as an added benefit to their business. Thus, the localization of eBooks will promote the growth of the market in focus in the long run.

Despite rapid demand, factors of the ebook market, such as the growing number of privacy breaches, may hinder market growth. The sellers or publishers present in the global eBook market are threatened by the increasing increase in copyright infringements. With the increasing penetration of the Internet, piracy and illegal file sharing have become a threat to the growth of the global e-book market. Online piracy has resulted in major loss of revenue for many publishers.

View free sample for highlights on market trends and challenges impacting the ebook market.

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Scope of the e-book market

Reporting coverage

Details

page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of more than 7%

Market growth 2021-2025

6.93 billion dollars

Market structure

fragmented

YoY Growth (%)

6.04

Regional analysis

North America, Europe, APAC, South America and MEA

Performing Market Contribution

North America at 45%

Main consumer countries

US, Canada, UK, Germany, China and Italy

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Range

Profiled companies

Amazon.com Inc., Apple Inc., Bertelsmann SE and Co. KGaA, Cengage Learning Inc., Hachette Livre, HarperCollins Publishers, John Wiley and Sons Inc., Kensington publishing corp., Macmillan Publishers and McGraw Hill

Market dynamics

Parent market analysis, Inductors and obstacles to market growth, Analysis of high-growth and slow-growing segments, COVID-19 impact and future consumer dynamics, analysis of market conditions for the forecast period.

Customization example

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About us:

Technavio is a leading global technology research and consultancy company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

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