E-BOOK MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)

 During the anticipated period, the E-book Market is projected to expand at a CAGR of 3.92%. The primary drivers of the global e-book industry are technological advancement and the complexity of reading devices that offer an experience comparable to reading a real book. The growing popularity of smartphones and the availability of multilingual e-books are predicted to increase demand for e-books worldwide.

Market expansion is impeded by publishers being accused of IP infringement by content providers. For instance, the Internet Archive was sued by four major book publishers in June 2020 for alleged copyright violations in connection with its open library initiative. A number of publishers have sued the Internet Archive, including Hachette, Penguin Random House, Wiley, and HarperCollins.

During the epidemic, there was a rise in reader interest overall. During the time of the worldwide lockdown, people began reading electronic books for enjoyment. Due to users' preference for convenient and immediate delivery, e-book sales soared as hard copy book sales first declined as a result of shuttered bookstores and shipping delays from online merchants.

The key driver of growth for the worldwide e-book industry is predicted to be the increase in portable reading devices, such as smartphones and tablets. Due to the expensive nature, fragility, and necessity for proper care of hard copies, consumers choose e-books over physical books.

It is anticipated that the digitalization of books and their availability online would create a cutting-edge environment that will provide readers with a real-time experience. Furthermore, it is anticipated that consumers will be able to experiment with e-reading thanks to the conversion of comic books into digital materials by well-known publishers like Marvel and DC. The American Library Association (ALA) declared that, in order to cut down on waste, every book in their collection would be made available in a digital format by the end of 2018.

Major Players: 

Amazon.com, Inc., Rakuten Kobo Inc., Apple Inc., Barnes & Noble, Inc., Smashwords Inc.


Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more