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 a YOY growth rate of 6.04% in 2021 and is expected to grow at a CAGR of 7% between 2020 and 2025.
North America is the largest market for E-books. Factors such as the benefits and reader engagement of eBooks are creating significant growth opportunities for household composter manufacturers in APAC. The array of interactive components being 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.
View Sample: to know additional highlights and key points on various market segments and how they will impact in coming years.
Vendor Insights
The global E-Book market is fragmented in nature due to the presence of several global and regional players.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
For Instance - In September 2020, Hachette Livre announced the acquisition of Laurence King Publishing (LKP), the UK's leading gift publisher and one of the country's top three art publishers.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
North America will provide 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 through 2025.
In addition, countries such as the US, Canada, UK, Germany, China, and Italy are expected to emerge as prominent markets for E-Book during the forecast period.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/e-book-market-industry-analysis
Key Market Trends & Challenges:
The report identifies the rising 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 local language translations in the global eBook market is gaining prominence, as countries across the globe have many native languages. Publishers are considering the online translation of eBooks in various local languages as an added advantage to their businesses. Thus, the localization of eBooks will foster the growth of the market in focus in the long run.
Despite the rapid demand, the E-Book Market factors such as the growing number of privacy breaches may impede the market growth. The vendors or publishers present in the global eBook market have been threatened by the growing surge in copyright infringement. With the rising 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 large losses in revenue to many publishing houses.
View free sample for highlights on market Trends & Challenges affecting the E-Book market.
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E-Book Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 7% |
Market growth 2021-2025 |
USD 6.93 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.04 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 45% |
Key consumer countries |
US, Canada, UK, Germany, China, and Italy |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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