Summary
The global E Book Subscription Service Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
E-book subscription services allow users access to a huge, deep catalog of content at a fixed monthly price. The global e-book subscription service market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global e-book subscription service market is expected to witness significant growth during the forecast period, owing to rising inclination towards reading books online or in the form of e-book instead of paperback.
Market Drivers
Increasing use of tablets and smartphones is expected to drive growth of the global e-book subscription service market during the forecast period. According to the Pew Research Center, smartphone users in the U.S. increased from 35% in 2011 to 81% in 2019, while cellphone users increased from 86% in 2011 to 96% in 2019. According to the same source, tablet users in the U.S. increased from 3% in 2010 to 52% in 2019. Such a massive increase in smartphone and tablet users has increased the adoption of e-books due to convenience. Hence, such factors are expected to drive growth of the global e-book subscription service market during the forecast period. Furthermore, rising inclination towards reading books online or in the form of e-book instead of paperback is expected to propel the global e-book subscription service market growth over the forecast period.
Market Restraint
Challenges associated with piracy copyright-related regulations are expected to hinder the global e-book subscription service market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global e-book subscription service market during the forecast period. This is owing to increasing smartphone & tablet users combined with rise in e-readers across the regions. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to increasing consumer preference for digital books over printed ones in the region.
Competitive Landscape
Key companies involved in the global e-book subscription service market are Amazon, BookBub, Bookmate, Harlequin, Scribd, Forgotten Books Project Gutenberg, Macmillan, OverDrive, Kobo Plus, and Playster.
For instance, in July 2020, Rakuten Kobo, a major digital media publisher, launched Kobo Plus, an all-you-can-read e-book subscription in Canada for US$ 9.99 per month.
The E Book Subscription Service Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the E Book Subscription Service Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- 24symbols
- Amazon
- BookBub
- Bookmate
- Epic Creations Inc.
- Forgotten Books
- Harlequin
- hoopla
- iconology
- Kobo Plus
- Macmillan
- NARRATIVE MUSE
- OverDrive
- Playster
- Project Gutenberg
- Riot New Media Group
- Scribd
By the Product Type, the market is primarily segmented into:
- Comprehensive E-book Subscription
- Sci-fi E-book Subscription
- Romantic E-book Subscription
- Thriller E-book Subscription
- Kid E-book Subscription
- Comic E-book Subscription
- Detective E-book Subscription
- Narrative E-book Subscription
- Others
By Applications, the market is segmented into:
- Personal User
- Enterprise User
- Educational User
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the E Book Subscription Service Market Report:
- To assess the size of the market by value and volume
- Analyze the E Book Subscription Service Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the E Book Subscription Service Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the E Book Subscription Service Market
The E Book Subscription Service Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the E Book Subscription Service Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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