eBooks Market Size to Reach $20.93 Billion by 2028 Due to Availability of High-Speed Data Networks and More Interactive & Attractive eBooks | Million Insights

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According to new report available with Million Insights, the global eBooks industry research report offers thorough insights on product, device, top players, and growth opportunities. This report enables numerous opportunities for the market players to invest in research and development

The global eBooks market size is expected to reach USD 20.93 billion by 2028, according to a new report by Million Insights. The market is expected to register a CAGR of 3.0% from 2021 to 2028 due to the factors, such as localization of content, more interactive & attractive eBooks, availability of high-speed data networks, and increasing adoption of smartphones with advanced functionalities. In addition, the rising per capita income levels and increasing purchasing power are further supporting the market growth.

The professional and educational segment accounted for the largest revenue share of more than 61% in 2020. eBooks, such as business money, arts & photography, engineering & technology, health, fitness, sports, computers, and travel, are included in this category. Professional eBooks are helpful in decision-making, empowering literacy thinking, etc. The education sector has started adopting technology and digital platform. Prices of eBooks are lesser compared to printed books. Thus, students prefer eBooks over printed ones.

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The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 on account of the increasing adoption of smartphone devices across various countries. Compared to other devices, smartphones are easy to carry and customer-friendly, thus enabling easy access to eBooks on mobile apps. Mobile apps offer functionalities, such as font size adjustments, easy distribution & purchase, and backup & storage. Thus, the smartphone devices segment is expected to contribute to the growth of the market.

North America held the largest revenue share in 2020 and will retain the position throughout the forecast period. The U.S. is positively contributing to the growth of the regional market. In North America, eBooks are the convenient choice compared to printed books due to the benefits, such as portability and quick access. North America is one of the promising regions due to the launch of new technologies, in terms of infrastructure and advanced network technology, and quick adoption of the same, which allow product distribution in the fastest way. In addition, supportive digital policies by the local governments are positively contributing to the market growth.

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eBooks Market Report Highlights

• Asia Pacific was the dominant regional market in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028

• North America is projected to witness a significant growth rate from 2021 to 2028 due to the presence of well-established brands and manufacturers in the region

• The professional & educational product segment accounted for the maximum revenue share in 2020

• Professional eBooks are helpful in decision-making, empowering literacy thinking, etc., which drives the segment growth

• The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 as these devices made reading more convenient, which supports their demand

eBooks Market Segmentation

Million Insights has segmented the global eBooks market on the basis of product, device, and region:

eBooks Product Outlook (Revenue, USD Million, 2017 – 2028)
Consumer
Professional & Educational

eBooks Device Outlook (Revenue, USD Million, 2017 – 2028)
Smartphones
Tablets & eReaders
Others

eBooks Regional Outlook (Revenue, USD Million, 2017 – 2028)
North America
U.S.

Europe
Germany
France
U.K.

Asia Pacific
China
Japan

Central & South America
Brazil

Middle East & Africa
South Africa

List of Key Players of eBooks Market

Amazon.com, Inc.
Apple, Inc.
Bertelsmann SE & Co. KGaA
Hachette Livre
HarperCollins Publishers
John Wiley and Sons, Inc.
McGraw Hill
Cengage Learning, Inc.
Macmillan publishers
Kensington Publishing Corp.


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