Online Book Services Market Overview:
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Segmentation:
Students who are tired of dragging around a backpack full of books and retirees who want to downsize their homes and live a minimalist life are all turning to online books, which have the most convenient reading experience. Various magazines, newspapers, television, radio, podcasts, and their associated websites will greatly improve their exposure and assist them in reaching their target audiences. Digitally savvy readers are more likely to pass on recommendations to others through blogs, social media, and other online platforms. This is often expected to result in a favorable business outlook over the forecast period. Despite the upbeat outlook, rising online piracy concerns are expected to stifle market growth in the coming years to some degree.
Based on the product, the online book services market is segmented into trade, education, science, and technology & medicine. With a market share of 70.01 % in 2021, the trade product segment dominated the market and is expected to expand significantly over the forecast period. This section covers a wide range of genres, from fiction, nonfiction, literature, and young children's books, to name a few. Increasing user interest in reading these books digitally is expected to drive segment growth in the coming years. Romance, mystery, horror, science fiction, and fantasy are among the most common genres among consumers, and their widespread availability on the internet is expected to drive segment growth in the coming years.
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Key Players: the key players are
• Google
• Kobo
• Amazon.com, Inc.
• Apple, Inc.
• News Corporation
• Scribd, Inc.
• Lulu Press, Inc.
• Hachette Book Group
• Smashwords, Inc.
• Rakuten Kobo, Inc.
• Barnes & Noble, Inc.
• Blurb, Inc.
Regional Analysis:
The report has assessed the global Online Book Services market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the Online Book Services Market Report are:
- Which key trends are likely to emerge in the Online Book Services market in the forecast period?
- What will be the Online Book Services market size by 2027?
- Which company had the biggest share in the Online Book Services market in 2020?