New York, April 15, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “E-Book Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https: // www. reportlinker.com/p06062846/?utm_source=GNW
– The technical development and sophistication of reading devices which provide an experience similar to reading an actual book is the key factor in the global e-book market. The growing adoption of smartphones and multilingual e-book functionality is a benefit that is expected to drive global e-book demand.
– Easy access to a wide range of e-book libraries through online applications or services is consumed on the Internet, thus emerging as low-cost alternatives to the traditional method of delivery. The services available for these e-books, such as e-lending, have also supported the adoption of e-books across the world.
– In addition, libraries and publishers are also receiving more and more responses for e-books. Hachette Book Group, one of the major publishers, announced that in 2019, the publishing house generated 2.38 billion euros, an increase of 5% since 2018.
– In addition, environmental protection campaigns by governments around the world, especially to save trees to reduce paper use, are also increasing the demand for e-books.
– Libraries across the country have shut down most of their services to mitigate the spread of COVID-19. But many still offer electronic reading material. In addition, due to the falling cost of e-books, librarians are now able to purchase more copies of e-books, which contributes to the growth of the market.
Key market trends
Increased use of electronic devices
– The increase in the number of readable portable devices such as smart phones and tablets is expected to be the major growth driver of the global e-books market. Consumers prefer e-books to books because of the fragility of books to wear and tear, the need for proper care, and their high cost.
– The digitization of books and its accessibility on the Internet should create an innovative environment to offer a real-time experience to readers. E-book readers who own tablets or e-readers are likely to read e-books on these devices, but consumers with computers or cellphones sometimes turn to these platforms as well.
– While American consumers are more likely to adopt digital technology for their reading activities, the German population is also increasingly using electronic devices for reading. This demand is further supported by companies operating in the market. For example, following Apple Inc., Kobo Inc. added a night mode that yellows the screen to rest the eyes.
– As a result, there is an increase in the possession levels of tablets and e-readers and they are more prominent in the e-reading scenario.
North America dominates the market
– E-books in North America emerged early on as a natural and permanent choice over printed books for consumers when they wanted quick access and portability. Publishers have also quickly responded to the growing consumer acceptance of new reading devices by constantly redefining and developing new book concepts.
– In addition, there is a spike in possession of tablets and e-book reading devices such as the original Kindle during giveaway season. In addition, the growing demand for digital comics is expected to drive the market in the region and hence comic book publishers such as DC Entertainment and MARVEL are expanding their portfolio to follow this trend.
– Additionally, in late 2019, the American Library Association (ALA) and Public Library Association (PLA) announced a public campaign in response to recent efforts to limit library access to eBooks. At the Digital Book World 2019 conference, ALA launched an online petition on eBooksForAll.org for members of the public to urge Macmillan publishers to lift the proposed embargo on eBooks sold to libraries.
The global e-book market is fragmented with many independent authors and publishers, while some players hold a majority share of the market. Amazon’s KDP, the author of Apple’s iBooks, among others, hold a dominant share in the global e-book market. Major market players are adopting strategies like joint ventures and partnerships with small regional publishers to gain larger market share.
– June 2020 – Amazon currently offers two free months of Kindle Unlimited when someone signs up for the service. Kindle Unlimited is Amazon’s subscription service with a collection of over one million books, as well as select magazines such as Time and National Geographic, and audible storytelling on select titles.
– May 2020 – Katha, an Indian organization that has been producing children’s books since 1988, has partnered with Kindle and made its 15 books available on the digital platform. Using engaging visuals and imaginative storytelling, Katha’s children’s books offer ways to explore the similarities and differences that exist in the world.
– December 2019 – Smashwords launched Smashwords Presales, a new book launching tool that leverages patent pending technology to enable the creation, management and marketing of eBook presales. An eBook presale allows readers to purchase and read a new book before the public release date.
Reasons to buy this report:
– The market estimate sheet (ME) in Excel format
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Read the full report: https://www.reportlinker.com/p06062846/?utm_source=GNW
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