The Asia Pacific Online Book Services Market would witness market growth of 6.5% CAGR during the forecast period (2020-2026). Asia Pacific is foreknown to grow at the highest CAGR in the coming years. The preference of the consumers are shifting from printed books to digital or online books, along with an increase in the users of smartphones and mobile platforms are the major factors that boost the growth of the market. The demand for online books is rapidly increasing in China and young readers of online books are driving this growth. According to a report by China Daily, Chinese readers for e-books has increased by approximately 30 million in the year 2018, and the bulk of these readers are 20-30 years old.
Furthermore, online book sales are rising because of the outbreak of COVID-19 that resulted in national lockdown across the globe in almost every country. As bookstores are closely observing the lockdown order, therefore the demand for online books is expected to show traction in the forecast period.
The market for online books is characterized by the presence of different recognized players. The influence of these prominent companies is very high on the market and most of them have already attained a large consumer base globally. Moreover, the global market consists of both midsize and small size players, and they serve regional customers. Most of the prominent players are concentrating on the strategic partnerships that are considered to widen their consumer base, and boost their reach towards their consumer.
Based on Category, the market is segmented into Trade, Education and Science & Technology. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: Online Book Services Market in Asia Pacific is expected to register a CAGR of 6.5% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Apple, Inc., News Corporation (HarperCollins Publishers LLC), Scribd, Inc., Lulu Press, Inc. (Lulu Enterprises, Inc.), Hachette Book Group (Lagardère SCA), Smashwords, Inc., Rakuten Kobo, Inc., Barnes & Noble, Inc. (Elliott Management Corporation) and Blurb, Inc. (Reischling Press, Inc.).
Market Segmentation:
By Category
By Country
Companies Profiled
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