About E-book Subscription Service
The global e-book subscription services market is expected to grow at a moderate pace during the forecast period, according to the AMA study. Rising adoption of digital reading hardware across different sectors and rising smartphone & tablet penetration across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during FY 2020 but it is again expected to rise with a healthy pace once the COVID-19 pandemic is over. the E-book Subscription Service market is poised for continued growth. With ongoing technology advancements, increasing partnerships, and evolving consumer preferences, this innovative approach to reading holds immense potential to reshape the publishing landscape and revolutionize the way we access and enjoy books.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global E-book Subscription Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
24Symbols (Spain), Bookbub (United States), Bookmate (United Kingdom), ComiXology (United States), EBSCO Information Services (United States), EPIC Systems (United States), Forgotten Books (United Kingdom), Harlequin Enterprises ULC (Canada), Hoopla (United States), Kindle Unlimited (United States), Kobo (Canada), Legimi (Poland) and Narrative Muse (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Overdrive, Inc. (Unietd States), Playster (United States), Project Gutenburg (United States), Rahva Raamat (Estonia), Scribd, Inc. (United States) and Tor Books (United States).
Segmentation Overview
AMA Research has segmented the market of Global E-book Subscription Service market by and Region.
On the basis of geography, the market of E-book Subscription Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Format, the sub-segment i.e. EPUB will boost the E-book Subscription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the E-book Subscription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device, the sub-segment i.e. Desktops & Laptops will boost the E-book Subscription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Content Type, the sub-segment i.e. General E-books will boost the E-book Subscription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud Based will boost the E-book Subscription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Flat-rate Subscription will boost the E-book Subscription Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Number of Worldwide E-book Readers
Market Growth Drivers:
Rising Adoption of Digital Study Hardware Across the Education Sector and Rising Smartphone & Tablet Penetration Across the World
Challenges:
Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Restraints:
Availability of Free E-books
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In October 2023, Scribd and Audible: Teamed up to offer a bundled subscription combining Scribd's unlimited ebook and audiobook library with Audible's vast audiobook collection. This partnership caters to voracious readers who enjoy both formats and provides a one-stop shop for all their audio and reading needs.
In October 2023, B&N Nook Audio Membership: Barnes & Noble introduced a dedicated audiobook subscription service alongside its existing ebook offerings, giving Nook users more choice and flexibility in their reading experience. This demonstrates B&N's commitment to diversifying its offerings and staying competitive in the audiobook market.
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for E-book Subscription Services
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already affected many industries and will affect the e-book subscription services market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; shutting down of education sector across different regions in the world; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Avid Readers, Budget-Conscious Readers, Time-Constrained Individuals, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.