Press release
Online Book Services Market Report : By Growth, Trends And Forecasts 2023-2032
Online Book Services
The Business Research Company's Online Book Services Global Market Report 2023 identifies changing consumer preference toward online book reading as the major driver for the Online Book Services market's growth in the forecast period. The change in consumer preference towards the online book is due to the less cost of subscription compared to buying all the required books offline, as well as the ease of access and convenience of reading compared to traditional books. The other reason which changed the consumer preference toward online book reading is the global pandemic which led to the closure of most book shops across the globe. This preference change is significantly driving the readers towards consuming e-books that are easily available and readable.
The global online book services market size grew from $20.13 billion in 2022 to $21.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The online book services market size is expected to grow to $27.05 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Online Book Services market are Amazon.com, Apple, Barnes & Noble, Kobo Inc., Google, Smashwords, Hachette Book Group.
A key trend in the Online Book Services market includes strategic partnership. Companies are partnering with e-book sellers and distributors to expand their services into new markets by leveraging each other's resources and expertise. These partnerships are also done to introduce e-books into new areas such as public libraries to create product availability in most places and increase revenues. For instance, in March 2020, Rakuten Kobo Inc., a Canada-based company that sells e-books, audiobooks, and e-readers partnered with Booktopia, Australia's leading online bookseller. The partnership aims at offering a comprehensive digital reading collection including e-books, audiobooks, and e-readers to Booktopia consumers in Australia by making Rakuten Kobo Booktopia's exclusive digital reading partner.
Read More On The Global Online Book Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/online-book-services-global-market-report
The Online Book Services market is segmented -
• By Products: Education, Trade, Science, Technology, Medicine
• By Application: Household, Institutional
• By End User: Teenagers, Adults
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Online Book Services market.
The Business Research Company's "Global Online Book Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Online Book Services Market Include:
1. Executive Summary
2. Online Book Services Market Characteristics
3. Online Book Services Market Trends And Strategies
4. Online Book Services - Macro Economic Scenario
5. Online Book Services Market Size And Growth
…………………………..
26. Africa Online Book Services Market
27. Online Book Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online Book Services Market
29. Online Book Services Market Future Outlook and Potential Analysis
30. Appendix
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