Audio Books Market Expected To Reach USD 63.29 Billion by 2030, Growing at a CAGR of 25.39% | Storytel, Amazon. Co Inc., Rbmedia

IMR posted new studies guide on Audio Books Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the Audio Books marketplace became specifically driven with the aid of the growing R&D spending internationally.

Some of the Top Leading Key Players:

Amazon. Co Inc. (US), Rbmedia (US), Playster (US), Google Inc. (US), Lmbpn Publishing Llc (US), Rakuten Inc. (Japan), Scribd (US), Librivox & Downpour (US), Overdrive Inc. (US), Hoopla (US), Sag-Aftra (US), Ingram Group Llc (US), Kobo (Canada), Apple Inc. (US), Barnes & Noble Booksellers, Inc. (US), Booklender (US), Bonnier (Sweden), Kuku Fm (India), Spotify Technology Sa (Luxembourg) and Other Major Players, Lockheed Martin (US), General Electric (GE) Aviation (US), Raytheon Technologies (US), Honeywell Aerospace (US), MagniX (US), Joby Aviation (US), Wright Electric (US), Electra.aero (US), Bombardier (Canada), Airbus (Netherlands), Rolls-Royce (UK), Siemens (Germany), Safran (France), BAE Systems (UK), Pipistrel (Slovenia), Lilium (Germany), Heart Aerospace (Sweden), Aura Aero (France), Embraer (Brazil), and Other Major Players.,

Audio Books Market Size Was Valued at USD 8.26 Billion in 2023 and is Projected to Reach USD 63.29 Billion by 2032, Growing at a CAGR of 25.39% From 2024-2032.

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Audiences can listen to literature instead of reading it thanks to audiobooks, which are spoken word recordings of books. They provide accessibility to tales, information, and knowledge through audio narration, acting as a substitute format for reading written content. They are used in a wide range of fields, including as education, entertainment, and personal growth.

Segmentation Analysis of the Audio Books Market

By Genre

Fiction
Non-Fiction

By Preferred Device

Smartphones
Laptops & Tablets
Personal Digital Assistants

By Distribution Channel

One-time download
Subscription-Based

By Target Audience

Kids
Adults
Regional Transport Aircraft
Business Jets and Light Aircraft
UAVs and AAM

By Lift Technology

Conventional Takeoff And Landing
Short Takeoff And Landing
Vertical Takeoff And Landing
Mode of Operation
Piloted
Autonomous

Audio Books Market Trend Analysis
Rise in Subscription Models

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Key Industry Developments in the Audio Books Market:

In March 2023, Amazon announced that it would acquire Audible Inc., the leading provider of audiobooks and spoken word content. The deal was valued at USD 8.5 billion and was expected to strengthen Amazon's position in the global Audiobooks Market. Audible has over 600,000 titles in its catalogue and over 200 million monthly active users.

In February 2023, Google launched its own audiobook service called Google Play Audiobooks. The service offers access to thousands of audiobooks across various genres and languages. Users can buy individual titles or subscribe to a monthly plan that gives unlimited access to a curated selection of audiobooks. Google Play Audiobooks also integrates with Google Assistant and Google Home devices.

In January 2023, Storytel AB, a Swedish company that offers subscription-based streaming services for audiobooks and e-books, announced that it had raised USD 100 million in a Series D funding round led by SoftBank Vision Fund. The company said that it would use the funds to expand its global presence, invest in technology and content, and explore new business opportunities. Storytel has over 1.5 million subscribers and operates in 25 markets.

Regional Analysis
North America is Expected to Dominate the Market Over the Forecast period

Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Strategic Points Covered in Table of Content of Audio Books Market:

Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Audio Books Market Landscape
Chapter Four: Audio Books Market by Type
Chapter Five: Audio Books Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Audio Books Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology

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