Global Reading Application Market Overview:
An application refers to any program that is a traditional print book that can be read by using a personal computer designed for the end-user. Reading application helps the user to read the books online and have access to any book presents in the app. An increase in the adoption of mobile phones coupled with internet access people has shifted to reading apps. These apps can be used at any time anywhere and are easy to access.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Digital Education
Market Growth Drivers:
Increase in the Adoption of Variable Devices and Rise in Data Usage & Internet Penetration
Challenges:
Budget Constraints Related to Technology Infrastructure
Restraints:
Lack of High-speed Connectivity in Developing & Undeveloped Regions and Uncertainty of Enterprises in Developing their own Applications
Opportunities:
Increase in Adoption of the Internet of Things Technology and Mobile Connected Smart Objects
Competitive Landscape:
Some of the key players profiled in the report are Amazon (United States), Apple (United States), Google (United States), Rakuten (Japan), Tencent (United States), Baidu (China), iReader (Hong Kong) and Dangdang (China). Analyst at AMA Research see United States Players to retain maximum share of Global Reading Application market by 2030. Considering Market by Device , the sub-segment i.e. PC will boost the Reading Application market. Considering Market by End User, the sub-segment i.e. Academic [K-12, Higher Education] will boost the Reading Application market.
Latest Market Insights:
In August 2022, the Dangdang investor lawsuit over private mergers and acquisitions was reinstated. Investors can sue E-Commerce China Dangdang Inc. in federal court in New York over the 2016 merger that took the online retailer private because the terms of the contract sufficiently specified Manhattan as the location, Second Circuit ruled.
In January 2022, Chinese Internet search giant Baidu Inc plans to launch an artificial intelligence (AI) chatbot service similar to OpenAI's ChatGPT in March, sources familiar with the matter told Reuters. The tech company plans to launch the service as a standalone application and gradually integrate it into search engines, said a person who declined to be identified because the information was confidential.
What Can be Explored with the Reading Application Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Reading Application Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Reading Application
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reading Application market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reading Application market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.