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Global Online Book Services Market Report 2022

NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of its report “Online Book Services Global Market Report 2022” – https://www.reportlinker.com/p06318534/? utm_source=GNW

The global online book services market is projected to grow from $19 billion in 2021 to $20.05 billion in 2022, at a compound annual growth rate (CAGR) of 5.51%. The online book services market is projected to grow to $24.85 billion by 2026 at a compound annual growth rate (CAGR) of 5.52%.

The online book services market consists of the sale of online book services by entities (organizations, sole proprietorships, partnerships) used to enable users to read on electronic devices such as computers and handheld devices. . Also known as ebooks or e-books, they are easy to read.

Online book services contain digital files containing text and image bodies that appear on screens such as smartphones and laptops like printed books. Online book services are available based on subscription to applications such as Amazon’s Kindle, Good Reads, Bookbub, and Scribd.

The main types of products in the online book services market are education, trade, science, technology, and medicine. Online educational books are designed to assist students with workshops and assignments.

Online book services are primarily used by teenagers and adults.

North America was the largest region for the online book services market in 2021. Regions covered in the Online Book Services Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Online Book Services Market research report provides a series of Online Book Services market statistics, including the Online Book Services industry global market size, share by region, competitors with Online Book Services market shares, and detailed Online Book Services market segments. One of the new reports. , market trends and opportunities, and other data you need to succeed in the online book services industry. This Online Book Services Market research report offers a complete outlook of everything you need with an in-depth analysis of the industry’s current and future scenarios.

Changing consumer preferences for reading books online are driving the growth of the online book services market. Convenience of access and reading compared to traditional books.

Another reason that has changed consumer preferences for online reading is the global pandemic that has led to the closure of most bookstores around the world.

For example, in May 2020, Canada-based e-book company Rakuten Kobo revealed that over 2 million new users signed up for Kobo during the pandemic. Bookstores around the world are showing that consumer preferences are shifting to reading books online, resulting in the adoption of e-books.

Therefore, changing consumer preferences for reading online books will drive the growth of the online book services market.

Strategic partnerships are an important trend in the online book services market. Companies partner with e-book publishers and distributors to leverage each other’s resources and expertise to extend their services into new markets.

These partnerships are also made to bring e-books into new areas such as public libraries to make products available almost everywhere and increase revenue. For example, in March 2020, Rakuten Kobo Inc., which sells e-books, audiobooks and e-readers based in Canada, partnered with his Booktopia, a leading online bookstore in Australia. The partnership aims to provide his Booktopia consumers in Australia with a comprehensive digital reading collection, including e-books, audiobooks and e-readers, by creating Rakuten Kobo Booktopia’s exclusive digital reading partner. is. Additionally, in March 2019, OverDrive Inc, a US-based digital distributor of e-books, audiobooks, music and video, announced a partnership with German-based e-book collection and distribution platform Libreka. partnered. The partnership aims to make his OverDrive e-book and digital audiobook product lines available in public libraries in Germany, Austria and Switzerland.

In January 2021, US-based online publishing platform Medium acquired Glose for an undisclosed amount. The acquisition adds an e-book portfolio to Medium’s service and partners with publishers to help authors reach more readers while growing their current readership.

Glose is a French social-based ebook company.

The countries covered by the Online Book Services Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, and United States.
Read the full report: https://www.reportlinker.com/p06318534/?utm_source=GNW

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