Audiobook services Market to Witness Robust Expansion by 2029

The global audiobook services market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period (2023-2030). The key factor behind this growth is the increasing number of audiobook listeners. According to an annual survey conducted by the Audio Publishers Association (APA), a non-profit trade organization in America, 56% of audiobook listeners were under the age of 45 in 2021, a 52% rise from 2020. According to the survey, over 71,000 audiobooks were published in 2020, with the number of youngsters under the age of 17 listening to audiobooks rising from 35% to 49%. As per the same source, a survey conducted in January-February 2022 reported that since 2017, the share of time spent listening to audiobooks has increased by 106% among Americans aged 13 and older.

Another factor that is accelerating the market's growth is the increase in subscription-based audiobook services, new audiobook platform launches, and expansions by key market players. For instance, in March 2023, Telmore, a subsidiary of Nuuday, announced the debut of the second version of its Telmore Play service, which includes a variety of streaming services for the price of a mobile subscription. The new launch is intended to address consumer demand for a more flexible entertainment offering while also being at the forefront of a continually developing market. Telmore Play will offer an audio and e-book service, as well as the music streaming service Telmore Musik, in addition to the five main streaming services for films and series. Additionally, in March 2023, Libro.fm, a digital audiobook platform that contributes a percentage of each audiobook sale to a customer-selected small bookshop, announced that it will debut its audiobook service in the UK, Australia, and New Zealand in July 2023. The North American employee-owned firm will work directly with commercial publishers such as Penguin Random House UK, Simon & Schuster UK, Pan Macmillan, and Hachette UK, as well as indie publishers such as Boldwood, Faber & Faber, and Naxos.

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Market Coverage

· The Market Number Available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Genre

· By Preferred Device

· By Service Type

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- Amazon.com, Inc. (Audible), Blackstone Audio, Inc., Brilliance Publishing, Dreamscape Media, LLC, Hachette Book Group, Inc., and others.

Audiobook Services Market Report Segment

By Genre

· Fiction

· Non-Fiction

By Preferred Device

· Smartphones

· Laptops and Tablets

· Personal Digital Assistants

By Service Type

· One-time Download

· Subscription-Based

A full Report of Audiobook services Market is Available @ https://www.omrglobal.com/industry-reports/audiobook-services-market

Audiobook Services Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Amazon.com, Inc. (Audible)

• Blackstone Audio, Inc.

• Brilliance Publishing

• Dreamscape Media, LLC

• Hachette Book Group, Inc.

• Harlequin Enterprises ULC

• HarperCollins Publishers LLC

• Macmillan

• Novel Audio Inc.

• Oasis Family Media

• Penguin Random House LLC

• Podium Publishing ULC

• Recorded Books, Inc.

• Scribd, Inc.

• Simon & Schuster, Inc.

• W F Howes Ltd.

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https://revistaeconomiasocial.com/2023/05/01/el-mercado-de-escritorio-como-servicio-del-reino-unido-sera-testigo-de-una-solida-expansion-para-2029/

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