Overview and Scope
Online book services refer to a service by which an entity, as its primary purpose, provides individuals with the ability to rent, purchase, borrow, browse, or view books electronically or via the Internet. The online book services contain a digital file with a body of texts and images and display them on a screen such as a smartphone or a laptop, like a printed book.
Sizing and Forecast
The online book services market size has grown strongly in recent years. It will grow from $21.78 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to Internet accessibility expansion, changing consumer preferences, global e-commerce boom, convenience and accessibility, rise of e-reading devices.
The online book services market size is expected to see strong growth in the next few years. It will grow to $32.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to proliferation of mobile devices, subscription models and reading platforms, globalization of book markets, environmental awareness. Major trends in the forecast period include collaborations with authors and publishers, focus on accessibility and inclusivity, gamification of reading, integration of virtual reality (VR) and augmented reality (AR), environmental sustainability initiatives.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/online-book-services-global-market-report
Segmentation & Regional Insights
The online book services market covered in this report is segmented –
1) By Products: Education, Trade, Science, Technology, Medicine
2) By Application: Household, Institutional
3) By End User: Teenagers, Adults
North America was the largest region in the online book services market share in 2023. The regions covered in the online book services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6802&type=smp
Major Driver Impacting Market Growth
The growing internet user base is expected to boost the growth of the online book services market going forward. An internet user is an individual with the capability to access and utilize the internet. The online book services market experiences substantial growth with the increasing number of internet users, as the expanding audience seeks digital books and e-reading platforms for convenient access to a diverse range of literature. For instance, in November 2022, according to a report published by the International Telecommunication Union, a Switzerland-based specialized agency, an estimated 5.3 billion people, accounting for 66 percent of the global population, will use the Internet. This reflects a 6.1 percent growth rate in 2021. Therefore, the growing number of internet users is driving the growth of the online book services market.
Key Industry Players
Major companies operating in the online book services market report are Walmart Inc., Amazon.com Inc., Apple Inc., Google LLC, Reliance Industries Limited, Tencent Holdings Limited, Bertelsmann SE & Co KGaA, ViacomCBS Inc., Penguin Random House LLC, Pearson plc, Hachette Book Group (Lagardère SCA), Follet Corporation, HarperCollins Publishers LLC, John Wiley & Sons Inc., News Corporation (HarperCollins Publishers LLC), Barnes & Noble Inc., Simon & Schuster Inc., Macmillan Publishers Ltd., Scholastic Corporation, Smashwords Inc., Scribd Inc., ThriftBooks Inc., Powell’s Books Inc., Elliott Management Corporation, Blurb Inc., BookBaby Lulu Press Inc., Kobo Inc., Waterstones Booksellers Limited, Ingram Holdings Inc.
The online book services market report table of contents includes:
1. Executive Summary
2. Online Book Services Market Characteristics
3. Online Book Services Market Trends And Strategies
4. Online Book Services Market – Macro Economic Scenario
5. Global Online Book Services Market Size and Growth
…
32. Global Online Book Services Market Competitive Benchmarking
33. Global Online Book Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Online Book Services Market
35.Online Book Services Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
