Global Online Book Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Online Book Services Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global online book services market has been segmented on the basis of product, as well as regions and countries.
An electronic book or e-book, is a book publication made available in digital form, consisting of text, images, or both, readable on a flat panel display of computers, or other electronic devices. An online book service, is a facility through which e-books are made available for online consumption or purchase.
The steady inclination in consumer preferences to consume reading material online or in e-book form as opposed to a printed physical issue, paired with the increasing penetration of the internet, the rise in the usage of electronic devices such as smartphones, tablets, etc. are primary factors that are expected to have a significant impact on the revue growth of the global online book services market in the foreseeable future.
Additionally, e-books make the task of reading or learning about a subject much easier by offering easy navigation options, online dictionaries, summaries, book appendix, etc. Furthermore, customers are privy to value-added discounts being offered by e-commerce players to increase sales, and the convenience of being able to access their read of choice, from anywhere at any time, are factors slated to also fuel the demand for services from the online books industry.
In light of the recent COVID-19 outbreak, the operations of numerous brick-and-mortar stores have been forced to close their shutters due to the enforcement of strict lockdowns across the world. This factor has resulted in a surge of individuals seeking to fulfil their reading needs through other mediums, and is expected to exponentially boost the revenue growth of this global market in the coming years.
Segmentation of the global online book services market is as follows:
On the basis of product, with respect to value, the trade product segment accounted for the highest number of revenue shares of the online book services market in 2019, and is expected to index considerable growth over the next 10 years. The education product segment is anticipated to expand at a considerable rate of revenue growth in the near future, owing to the emergence of interactive learning systems and digital education.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global online book services market in 2019, owing to a surge in the sales of e-books, the increasing the number of smartphone, tablet users, high penetration of the internet, as well as the large presence of key industry players in this region.
The markets in the Asia Pacific region are slated to expand at the fastest rate of revenue growth in the foreseeable future, due to the increasingly strong penetration of the internet and devices like smartphones, etc., as well as the gradual shift in consumer preferences from traditional books to e-books.
Segmentation of the Global Online Book Services Market:
Segmentation by Product:
- Science, Technology & Medicine (STM)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Barnes & Noble
- Smashwords Inc.
- HarperCollins Publishers
- Hachette Book Group
- Lulu Press Inc.
- Scribd Inc.
Request for TOC
Request for Customization
Don't just take our word. We are trusted by these great companies!