Press release
Online Book Services Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Online Book Services
The continuous rise in the number of internet users is predicted to stimulate the progression of the online book services market. An internet user is defined as a person capable of accessing and using the internet. With the increasing number of people online, the online book services market is experiencing substantial expansion as more people look for digital books and e-reading platforms to conveniently access a wide variety of literature. For instance, data from the International Telecommunication Union, a specialized agency based in Switzerland, reported that the number of individual internet users climbed from 5.1 billion in 2022 to 5.4 billion in 2023. As such, the proliferating number of internet users is fueling the development of the online book services market.
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How will the growth rate of the online book services market shape industry trends by 2034?
The size of the online book services market has notably increased over the past years. It is projected to expand from $23.1 billion in 2024 to $24.73 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.1%. The growth experienced in the historical period is linked to factors such as the expansion of Internet accessibility, shifts in consumer preferences, a worldwide surge in e-commerce, along with improved convenience, accessibility, and the emergence of e-reading devices.
Expectations are high for robust expansion in the online book services market over the coming years. The market size is predicted to stretch to $34.92 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.0%. This substantial growth within the forecast period can be linked to the widespread use of mobile devices, subscription models and reading platforms, international expansion of book markets, and an increasing environmental consciousness. Notable trends within this period will be partnerships with authors and publishers, enhanced focus on inclusivity and accessibility, the use of games to encourage reading, the incorporation of virtual reality (VR) and augmented reality (AR), and efforts towards environmental sustainability.
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What are the emerging trends shaping the future of the online book services market?
Dominant businesses within the digital book services industry are adopting strategic collaborations to offer worldwide university students access to digital reading material. Strategic collaborations are characterized as a mechanism where companies mutually take advantage of each other's strengths and assets to attain mutual benefits and triumph. For instance, in May 2023, Wiley, a publishing corporation based in the US, formed a strategic alliance with Perlego, a British e-learning platform. As part of the alliance, Perlego will offer students unrestricted access to Wiley's extensive digital catalog on its platform. This assortment incorporates textbooks along with industry and professional titles from Wiley. Subscribing to Perlego permits students to access over a million ebooks, inclusive of Wiley and numerous other publishers, thereby augmenting their educational resources and study materials.
Which growth-oriented segments of the online book services market are leading the industry's development?
The online book services market covered in this report is segmented -
1) By Products: Education, Trade, Science, Technology, Medicine
2) By Application: Household, Institutional
3) By End User: Teenagers, Adults
Subsegments:
1) By Education: Textbooks (K-12 And Higher Education), E-Learning Materials And Resources, Study Guides And Reference Books
2) By Trade: Fiction (Novels, Short Stories), Non-Fiction (Biographies, Self-Help, Business), Literary Works And Anthologies
3) By Science: Academic And Research Publications, Scientific Journals And Articles, Popular Science Books
4) By Technology: Computer Science And IT Books, Engineering And Technical Manuals, Software Development And Programming Guides
5) By Medicine: Medical Textbooks And Reference Books, Clinical Guidelines And Protocols, Patient Care And Health Education Materials
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What regions are leading the charge in the online book services market?
North America was the largest region in the online book services market share in 2024. The regions covered in the online book services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the online book services market?
Major companies operating in the online book services market include Walmart Inc., Amazon.com Inc., Apple Inc., Google LLC, Bertelsmann SE & Co KGaA, Penguin Random House LLC, Pearson plc, Hachette Book Group (Lagardère SCA), Follett Corporation, HarperCollins Publishers LLC, John Wiley & Sons Inc., News Corporation (HarperCollins Publishers LLC), Barnes & Noble Inc., Simon & Schuster Inc., Macmillan Publishers Ltd., Scholastic Corporation, Smashwords Inc., Scribd Inc., ThriftBooks Inc., Powell's Books Inc., Blurb Inc., BookBaby Lulu Press Inc., Kobo Inc., Waterstones Booksellers Limited, Ingram Holdings Inc.
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What Is Covered In The Online Book Services Global Market Report?
•Market Size Forecast: Examine the online book services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the online book services market for a structured understanding.
•Key Players Overview: Analyze major players in the online book services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the online book services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the online book services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the online book services market.
•Industry Challenges: Identify potential risks and obstacles affecting the online book services market.
•Competitive Landscape: Review strategic developments in the online book services market, including expansions, agreements, and new product launches.
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