What is Online Book Services Market?
Online book services offer an easy and simple way to purchase books. It is a part of the e-commerce and book sales industry in one form, it has many advantages like online books are relatively small, transaction activities can be anytime, anywhere, cost savings, improve service efficiency, the information is complete, more convenient retrieval, the new book information on the new, consumers can see in a timely manner, and trading activities can be launched immediately.
The market study is being classified by Type (eBooks, Audiobooks, Magazines and Others) and major geographies with country level break-up.
Technology Business Research, Inc. (United States), Scribd, Inc. (United States), Playster (United States), BookBub (United States), Bookmate (Ireland), ManyBooks, OverDrive, Inc. (United States) and LexisNexis (United States) are some of the key players profiled in the study.
Global Online Book Services is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Book Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Online Book Services market by Type, Application and Region.
On the basis of geography, the market of Online Book Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- People Spend a Significant Amount of Time Online
- Growing Preference towards Online Book Service
Market Trend
- Technological Advancement over the Globe
Restraints
- Many Peoples Still Prefer Being Able to Hold a Traditional Book in Their Hands
Opportunities
- Various Advantages of Online Book Services can create Opportunities for the Market Growth
Challenges
- Wide Variety of Formats and E-reader Devices in the Market
Market Leaders and some development strategies
On 7th October 2021, OverDrive has acquired TeachingBooks.net. The acquisition enhances OverDrive Education’s Sora reading app and platform to serve K-12 schools over the globe. TeachingBooks provide K-12 schools with more than 265,000 curated materials from trusted educational sources and their own proprietary content, to enrich how a book is taught in the classroom.
Key Target Audience
Online Book Services Providers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others