Online Book Services Market Report Expects the Market Value of USD 23.15279 BN BY 2026
Posted On October 30, 2020
The Global Online Book Services Market is anticipated to grow at a compound annual growth rate ( CAGR ) of 5.9% during 2020-2026 while it was close to USD 15.5 BN in 2019. The market will outgrow to USD 23.15279 BN by 2026 as per the research conducted by Value Market Research. Online book services, a dream come true for library enthusiasts with a myriad of options to choose from. The main driving force for this market is the increased penetration of digital services and the growing adoption of smart devices for daily activities. The ever-growing popularity of online book services due to lower prices, increased comfort, and a more extensive selection of titles will boost market growth. Minimal effort needed from the publishers to reach the digital marketplace will expand this service’s reach among the writers’ community. Using online reporting tools to analyze digital titles’ sales and performance will be a market booster. The various advantages offered like environmentally friendliness, portability, and personalization will further propel market growth. The high cost of eBook licensing compared to paper-format and a higher probability of copyright infringement are the various elements having a negative impact on market growth.
Online book services are an internet-based publication service that makes books available in digital form, consisting of text, images, etc. A flat-panel display of computers or other electronic devices is used to access this service. This service allows users to browse through titles online and select and order titles, which are sent to them online or can be downloaded. Dedicated hardware readers and mobile software relying on trusted encryption software are required. Digital Rights Management protection to every book filed is distributed to the potential client publishers. Using this service can enable easy referencing, searching, and annotating for technical researchers.
"Global Online Book Services Market Report By Type, Trade, Education, Science, Technology & Medicine (STM), By Application (Teenagers, Adults) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic online book services industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of type the market is segmented into Trade, Education, Science, Technology & Medicine (STM). By application the online book services market is categorised as Teenagers, Adults .The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Online Book Services Market -
- Science, Technology & Medicine (STM)
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Amazon, Hachette Book Group, Kobo, Apple, HarperCollins Publishers, Barnes & Noble, Scribd, Inc., Smashwords, Inc., Google, Lulu Press, Inc.
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