Global Online Reading Platform Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028

The global online reading platform market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. One of the core factors that is fueling the market growth includes the high smartphone and tablet penetration across the globe. Over the past few years, the smartphone and tablet market witnessed exponential sales growth due to an easy excess of internet which enhanced the availability of e-books for most people to read any book, anywhere, anytime. Furthermore, the rise in the conversion of comic books to digital materials by major publishers such as DC, Marvel, and others is another factor that is allowing people to explore eReading. For instance, in 2021, the American Library Association (ALA) announced to provide every book present in rooster in digital format on an online reading platform which is expected to be available by 2022 intending to reduce wastage.

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The COVID-19 pandemic had enhanced the adoption of e-Books and online reading and learning platforms owing to the lockdown implementation across the globe which caused the discontinuation of printing, closure of physical bookstores, and circulation of physical newspapers. The situation introduced a lot of people to the online reading platform where they start reading for passing time and learning. This has boosted the online reading platform for a long time and offered an alternative people to reading. The market has been growing even after the situation got normalized. In May 2020, nearly, 2 million new readers joined Kobo during the pandemic. An e-Reader's book is less expensive than a paperback or hardcover, and many online book platform retailers provide steep discounts for encouraging first-time purchasers. As per the annual report of Barnes & Noble, during Fiscal 2020, First Day's total revenue increased 90% from the prior-year period.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Market Segmentation
Global Online Reading Platform Market by Application
o Personal
o Commercial

Global Online Reading Platform Market by Deployment Mode
o Cloud-based
o Website-based

Global Online Reading Platform Market by Subscription Type
o One-Time License
o Yearly
o Quarterly
o Monthly

Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Project Gutenberg
o Internet Archive
o Open Library
o Google LLC
o Blurb, Inc
o Scribd
o NetGalley LLC (Bookish)
o 24Symbols
o China Literature Group
o Literature & Latte Ltd.
o Wattpad Corp.

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global online reading platform market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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