The global eBooks market size is expected to reach USD 20.93 billion by 2028, according to a new report by Million Insights. The market is expected to register a CAGR of 3.0% from 2021 to 2028 due to the factors, such as localization of content, more interactive & attractive eBooks, availability of high-speed data networks, and increasing adoption of smartphones with advanced functionalities. In addition, the rising per capita income levels and increasing purchasing power are further supporting the market growth.
The professional and educational segment accounted for the largest revenue share of more than 61% in 2020. eBooks, such as business money, arts & photography, engineering & technology, health, fitness, sports, computers, and travel, are included in this category. Professional eBooks are helpful in decision-making, empowering literacy thinking, etc. The education sector has started adopting technology and digital platform. Prices of eBooks are lesser compared to printed books. Thus, students prefer eBooks over printed ones.
Click Here To Request Free Demo of eBooks Market Report: https://www.millioninsights.com/snapshots/e-books-market-report/request-demo
The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 on account of the increasing adoption of smartphone devices across various countries. Compared to other devices, smartphones are easy to carry and customer-friendly, thus enabling easy access to eBooks on mobile apps. Mobile apps offer functionalities, such as font size adjustments, easy distribution & purchase, and backup & storage. Thus, the smartphone devices segment is expected to contribute to the growth of the market.
North America held the largest revenue share in 2020 and will retain the position throughout the forecast period. The U.S. is positively contributing to the growth of the regional market. In North America, eBooks are the convenient choice compared to printed books due to the benefits, such as portability and quick access. North America is one of the promising regions due to the launch of new technologies, in terms of infrastructure and advanced network technology, and quick adoption of the same, which allow product distribution in the fastest way. In addition, supportive digital policies by the local governments are positively contributing to the market growth.
To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/snapshots/e-books-market-report
eBooks Market Report Highlights
• Asia Pacific was the dominant regional market in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
• North America is projected to witness a significant growth rate from 2021 to 2028 due to the presence of well-established brands and manufacturers in the region
• The professional & educational product segment accounted for the maximum revenue share in 2020
• Professional eBooks are helpful in decision-making, empowering literacy thinking, etc., which drives the segment growth
• The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 as these devices made reading more convenient, which supports their demand
eBooks Market Segmentation
Million Insights has segmented the global eBooks market on the basis of product, device, and region:
- eBooks Product Outlook (Revenue, USD Million, 2017 – 2028)
- Consumer
- Professional & Educational
- eBooks Device Outlook (Revenue, USD Million, 2017 – 2028)
- Smartphones
- Tablets & eReaders
- Others
- eBooks Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- U.S.
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- North America
List of Key Players of eBooks Market
- Amazon.com, Inc.
- Apple, Inc.
- Bertelsmann SE & Co. KGaA
- Hachette Livre
- HarperCollins Publishers
- John Wiley and Sons, Inc.
- McGraw Hill
- Cengage Learning, Inc.
- Macmillan publishers
- Kensington Publishing Corp.
Browse Latest Snapshots Press Releases Available with Million Insights:
• Pay-per-View (TVoD) Market: The global Pay-per-View (TVoD) market size is expected to reach USD 13.25 billion by 2028, at a CAGR of 8.9% from 2021 to 2028.
• Banner Advertising Market: The global banner advertising market size is expected to reach USD 87.14 billion by 2028, at a CAGR of 4.6% from 2021 to 2028.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/snapshots/e-books-market-report