About Audiobook Services
The term "audiobook" is also used to refer to a book that is read aloud. It's a book that's been recorded. The advantages of listening to an audiobook are that it enhances pronunciation and fluency. It aids in time management, the development of critical listening skills, the enhancement of focus and attention span. Some benefits of audio book- It helps with pronunciation and fluency, it aids in the improvement of time management, Enhances critical listening abilities, it enhances concentration and attention span, and it helps with memory & also enhances critical thinking and understanding abilities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Audiobook Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Audible (United States), Playster (United States), Downpour (California), AudiobooksNow (United States), Scribd (United States), DME Media (United States), Simply Audiobooks (Canada), Nook Digital (United States) and Apple (California) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ximalaya (China), Netease (China) and Cirrus (United States).
Segmentation Overview
AMA Research has segmented the market of Global Audiobook Services market by and Region.
On the basis of geography, the market of Audiobook Services 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 Platform, the sub-segment i.e. Android will boost the Audiobook Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Genre, the sub-segment i.e. Business/Economics will boost the Audiobook Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Subscription, the sub-segment i.e. Personal Subscription will boost the Audiobook Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launching different categories of audiobook
Market Growth Drivers:
Increasing usage of devices like mobiles, laptops and others helps to downloads books easily
Challenges:
Slowdown economy
Restraints:
Lack of smooth transition from recorded materials to intelligent devices
Opportunities:
Busy lifestyle of individuals helps them in reading books
Market Leaders and their expansionary development strategies
In October 2023, Bowker, the leading provider of bibliographic data and related services for the book industry, announced a partnership with S4Carlisle Publishing Services, a leading provider of editorial, design, and marketing services for self-publishers. The partnership will expand Bowker’s suite of products and services for self-publishers, providing them with access to a wider range of resources to help them succeed.
In October 2023, Scribd, an audiobook and e-book subscription service, has launched a new immersive audio experience called "Scribd Audio Originals." The new feature allows subscribers to listen to audiobooks with sound effects, music, and voice casting, creating a more cinematic listening experience.
Key Target Audience
Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.