E-book Market Outlook 2031
The global e-book market size was valued at USD 15.67 Billion in 2022 and is anticipated to reach USD 23.85 Billion by 2031, expanding at a CAGR of 4.78% during the forecast period, 2023–2031. The growth of the market is attributed to the greater access and convenience of reading materials for individual readers as it provides a platform to increasing supplant traditional reading systems.
E-book refers to a range of digital books, which are easily available or readable on computers or using other electronic devices. The e-book gadgets are often designed in such a manner that they are intended to run for long periods of time while using very little electricity.
The use of cutting-edge technology, software, and instructional material is projected to create an innovative environment that can give readers with a real-time experience. Moreover, e-book readers have several benefits including capacity, foreign language learning, mobility, improved reading, and access to free e-books.
The printed book business is losing sales due to the rising popular of digitization of books and their accessibility using the internet. The access to these books can be of different purposes; some readers use the gadgets for educational activities and some use them for entertainment purposes.
To combat the spread of COVID-19 pandemic, libraries across countries were forced to shut down, as a result, the physical space for reading and most of the services provided by libraries were existed to bare minimum.
These factors led to wide adoption of digital education and interactive learning are increasingly adopted online. Therefore, the worldwide e-book market is projected to boost rapidly in the coming years with the rising widespread access to such reading platforms from electronic devices such as smartphones and tablets.
E-book Market Trends, Drivers, Restraints, and Opportunities
- Growing trend to shift of reading pattern from printed book sales channels of supermarkets and department shops to online retailers is anticipated to be a key factor driving the market.
- Fostering the idea of sustainable environmental as well as increasing concerns about deforestation and tree cutting are likely to fuel thee-book market growth during the forecast period.
- Danger of online piracy platforms and increasing number of distribution channels are major challenges that can hamper the e-book market growth.
- Lack of understanding regarding e-book technology among a large number of students and common individuals act as a key hurdle, which can hinder the e-book market expansion.
- Introduction of easy process for self-publishing and availability of multi-currency payment options are estimated to create lucrative growth opportunities for the market.
Scope of E-book Market Report
The report on the global e-book market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
E-book Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Applications (Education, Entertainment, and Healthcare)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Harper Collins; Hachette; Penguin Random House; Amazon; Mc Graw Hill; Dot books; Lulu; Wiley; Kensington Publishing; Cengage Learning; and Macmillan Publishers
|
E-book Market Segment Insights
Applications Segment Analysis
On the basis of applications, the e-book market is segmented into education, entertainment, and healthcare. The education segment is projected to expand at a considerable CAGR during the forecast period due to wide availability of the printed books in digital reading sources for academic books.
Such facilities have given way to rising devices for e-books as conventional methods of learning and perceiving academic while ensuring professional qualities. Moreover, the advancement of technology along with a significant rise in the number of the generation Z and millennial to read or study digitally present another key aspects of the segment growth.
Regional Analysis
In terms of regions, the e-book market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to early adoption of the innovative technology for e-book platforms.
Moreover, the expansion of mobility and simple access of digital reading platforms by a large number of readers or individuals act as a key driver of the regional market. During the holiday season, there is also a surge in the ownership of tablet computers and e-book reading devices such as the original Kindles.
Furthermore, improved content mobility has resulted in cost savings through improved accessibility and distribution of books to a larger range of end-users in the region.
Segments
The global e-book market has been segmented on the basis of
Applications
- Education
- Entertainment
- Healthcare
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global e-book market are Harper Collins; Hachette; Penguin Random House; Amazon; Mc Graw Hill; Dot books; Lulu; Wiley; Kensington Publishing; Cengage Learning; and Macmillan Publishers. Aggregators and distributors play a significant role in market expansion.
The strong presence of some of the few market distributors such as Tertiary Publishing, Pigeon Labs, Ciando, Dawson France, Planet Media, ACK Media, Bookbaby, Andrews Limited, Smashwords, eBook Architects, and Green Apple Data Centre is another key aspect for the market growth. Some of these major participants implement strategies such as free subscription for readers to boost their influence in the market.
For instance, under the service of Kindle Unlimited in June 2020, Amazon gave two free months of the service to readers. Kindle Unlimited is an Amazon membership service that includes access to over one million books as well as select magazines such as Time and National Geographic and audio narration on certain titles.
Request For Customization
Enquiry Before Buying
Speak With Analyst
