DUBLIN--(BUSINESS WIRE)--The "E- Book Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global e-book market (henceforth, referred to as the market studied) was valued at USD 18.13 billion in 2020, and it is expected to reach USD 23.12 billion by 2026, registering a CAGR of 4.9%, during the forecast period (2021-2026)
Technical development and sophistication of reading devices that provide a similar experience to that of reading an actual book is the key factor driving the global e-book market. The rising adoption of smartphones and multilingual features of E-books is an advantage which is expected to drive the global demand for e-books.
The easy access for a wide range of e-book libraries through application or online services are being consumed over the internet, thus emerging as low-cost alternatives to the traditional method of delivery. Services that are available for these e-books such as e-lending has also supported the adoption of e-book across the globe.
Besides, libraries and publishers are also increasingly receiving responses for e-books. Hachette Book Group, one of the big publishers, has announced that in 2019 the publishing company generated EUR 2.38 billion, which is a 5% increase since 2018.
Furthermore, the environment protection campaigns from governments across the globe especially for saving trees to reduce the use of paper also increases the demand for e-books.
Libraries across the country have closed most of their services to mitigate the spread of COVID-19. But many are still offering electronic reading materials. Moreover due to decreasing cost of the e-books, librariers are now able to buy more copies of the e-books, which is aiding in the market growth.
Key Market Trends
Increased Use of Electronic Devices
- Rise in number of portable readable devices such as smart phones and tablets is anticipated to be the major growth factor for the global e-book market. Consumes are preferring e-books over books due to the fragility of books to wear and tear, need of adequate care, and high cost.
- Digitization of books and its accessibility over the internet is expected to create an innovative environment to offer real time experience for readers. E-book readers who posses tablets or e-readers are likely to read e-books on those devices however, consumers having computers or cellphones sometimes turn to those platforms, too.
- While United States consumers are more likely to adopt the digital technology for their reading activities, German population is also seen increasingly using electronic devices for reading purposes. This demand is further supported by the companies operating in the market. For instance, following Apple Inc., Kobo Inc. added a night-time mode that yellows the screen theregy resting the eyes.
- As a result, there is a surge in tablet and e-reader ownership levels and are more prominent in the e-reading scenario.
The global e-book market is fragmented with many independent authors and publishers, while certain players account for a majority share in the market. Amazon's KDP, Apple's iBooks Author, among others hold a dominant share in the global e-books market. Key players in the market adopt strategies such as joint-ventures and partnerships with small and regional publishers to gain higher market shares.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Penetration of Mobile Devices
4.2.2 Decreasing Cost of e-Books
4.3 Market Restraints
4.3.1 Privacy and Copyright Issue Amongst E-sellers and Book Writers
4.4 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe (Sweden, Denmark)
220.127.116.11 Rest of Asia-Pacific (Australia, South Korea, Singapore)
5.1.4 Latin America
5.1.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amazon.com, Inc.
6.1.2 Rakuten Kobo Inc.
6.1.3 Apple Inc.
6.1.4 Barnes and Noble LLC
6.1.5 Smashwords, Inc
6.1.6 Blurb Inc.
6.1.7 BookBaby (DIY Media Group, Inc.)
6.1.8 Lulu Press, Inc.
6.1.9 Macmillan Publishers Ltd.
6.1.10 Scribd Inc.
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/gj4ngd