E-Book Market is estimated to be US$ 29.2 billion by 2034 with a CAGR of 5.2% during the forecasted period

Adoption of latest software, hardware, and educational content is anticipated to create an innovative environment to offer real time experience for readers. Shifting of printed books sales channel from departmental stores & super market to online stores is projected to be the vital cause for growth of the global market E-book Market was valued at US$ 18.4 billion in 2024 and is projected to grow at a CAGR of 5.2% to reach US$ 29.2 billion by 2034.

The report "E-Book Market Size, Share, By Category (Paid E-Books and Free E-Books), By Application (Educational Institutes and Media & Entertainment), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), and - Trends, Analysis and Forecast till 2034"

Key Highlights:

• In 2019, the American Library Association (ALA) and Public Library Association (PLA) declared a public campaign in response to existing efforts to limit library access to e-books. During the 2019 Digital Book World conference, ALA debuted an online petition at eBooksForAll.org for members of the public to urge Macmillan Publishers to reverse the planned embargo on e-books sold to libraries.

Analyst View:

Growth in use of electronic devices

Growing number of portable readable devices such as smart phones and tablets is expected to be the major growth factor for the global e-book market. Consumes preference towards e-books is increasing over books owing to fragility of books to wear and tear, high cost, and need of adequate car.  Accessibility over the internet and digitization of books is projected to generate an innovative environment to provide real time experience for readers. E-book readers who own e-readers or tablets are very likely to read e-books on those devices nevertheless, consumers having computers or cellphones occasionally turn to those platforms, too.  Moreover, U.S. consumers are more likely to undertake the digital technology for their reading activities. German population is also witnessing growth in using electronic devices for reading purposes. Companies operating in the market is further supporting the growing demand. For instance, following Kobo Inc., Apple Inc. added a feature of night-time mode that yellows the screen thereby resting the eyes. Additionally, there is a surge in e-reader and tablet ownership levels and are more projecting in the e-reading scenario.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “E-Book Market”, By Application (Educational Institutes and Media & Entertainment), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"

Key Market Insights from the report:        

E-book market accounted for US$ 18.13 billion in 2019 and is estimated to be 23.12 billion by 2030 and is anticipated to register a CAGR of 4.8%. The market report has been segmented on application and region.

• By application, the e-book market is segmented into educational institutes and media & entertainment. Educational institutes is expected to dominates the target market owing to adoption of e-books facilities in schools and colleges.
• By region, the market in North America dominates the global e-books market in terms of revenue, owing to high penetration of smart phones and electronic devices in the region. The market in Asia Pacific is projected to have fastest growth in terms of revenue over the forecast period, owing to increasing adoption of smart phones and internet usage and growing number of e-book users and subscribers in the region

Competitive Landscape:

The prominent player operating in the e-book market includes Google Inc., com, Inc., HarperCollins Publishers L.L.C., Hachette Book Group, Inc., John Wiley & Sons, Inc., Kensington Publishing Corporation, Cengage Learning, Inc., Penguin Random House LLC, MacMillan Publishers Inc., McGraw-Hill Education, Inc., and Lulu Press, Inc.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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