According to a new report Global Online Book Services Market, published by KBV research, The Global Online Book Services Market size is expected to reach $23.8 billion by 2026, rising at a market growth of 6.2% CAGR during the forecast period.
The trade product segment has led the market in the year 2019 in terms of value and is anticipated to show substantial growth over the foreseeable period. Books that are covered in this segment include fiction, non-fiction, literature, and young children. The rising numbers of consumers’ preference towards reading books digitally are anticipated to fuel the growth of this segment in the foreseeable period.
The e-book segment that includes educational products is likely to grow at a prominent CAGR of from the year 2020 to 2026. The advent of digital education as well as interactive learning systems is anticipated to boost the growth of the segment in the coming years.
North America has led the global market in the year 2019. The increase in the number of users of smartphone, tablet, and e-reader has resulted in the rise of online book sales and free eBook downloads. 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.
Structural Insights: https://www.kbvresearch.com/online-book-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.).
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