E-book market size to grow by $ 6.93 billion

NEW YORK, November 10, 2021 / PRNewswire / – According to the research report “Electronic Book Market – Forecast and Analysis Report 2021-2025“, the market is expected to have an annual 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 electronic books. Factors such as e-book reader benefits and engagement create significant growth opportunities for household composter manufacturers in APAC. The range of interactive components built into eBooks include verbal interaction, AR, and games. Thus, the demand for interactive e-books will continue to increase, which will drive the growth of the global e-books market during the forecast period.

View sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Supplier Information

The global e-books market is fragmented in nature due to the presence of several global and regional players.

The increasing competition in the market forces the suppliers to adopt various growth strategies such as promotional activities and advertising spend to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as mergers and acquisitions to stay competitive in the market.

For example – 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.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a sample market research report.

Geographic 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 until 2025.

In addition, countries like the United States, Canada, UK, Germany, China, and Italy are expected to become leading markets for eBooks during the forecast period.

The story continues

Learn more about the geographic spread of this market along with the detailed analysis of major regions. https://www.technavio.com/report/e-book-market-industry-analysis

Key market trends and challenges:

The report identifies the growing adoption of online local language translation modules in eBooks as one of the major trends driving the market growth during the forecast period. Localization of online content and translations into the local language in the global e-book market is growing in importance, as countries around the world have many native languages. Publishers are considering online translation of eBooks into various local languages ​​as an added benefit to their business. Thus, the localization of e-books will promote the growth of the targeted market in the long term.

Despite the rapid demand, e-book market factors such as increasing number of privacy breaches may hamper the growth of the market. Vendors or publishers in the global e-book market have been threatened by the growing increase in copyright infringements. With the increasing penetration of the internet, pirating and illegal file sharing has become a threat to the growth of the global e-books market. Online piracy has resulted in significant loss of income for many publishing houses.

See a free sample for highlights on market trends and challenges affecting the eBook market.

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