Online Book Services Market Size, Share & Trends Analysis Report By Product (Trade, Education, Science, Technology & Medicine), By Region, And Segment Forecasts, 2020 - 2027
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Online Book Services Market Growth & Trends
The global online book services market size is anticipated to reach USD 27.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. The rising number of digitally-savvy readers, coupled with increasing usage of smartphones and tablets for reading books online, is likely to spur market growth.
The online books are gaining significant popularity over traditional books owing to easy accessibility online and convenience offered. As per the independent research, e-book penetration was 10.5% in 2018 and is expected to reach around 12% by 2022. Besides, a growing number of adults who own either a tablet, smartphone, or an e-reader device is expected to create a positive outlook for the market in the coming years.
Although e-book subscription services have existed for several years and currently, they are witnessing significant traction. Subscription services are known to give users access to huge, deep catalogs of content at a fixed monthly price. Very few players in the market have achieved a level of success in generating revenue through these models, for instance, as of 2020, Amazon has over 2.5 million and Scribd, Inc. has 1 million paying subscribers. However, other major players are channelizing on this model to gain a competitive edge in the market.
Several players operating in the market are focusing on strategic measures to reach a large number of consumers to boost revenue growth. For instance, in May 2020, Media Do Holdings announced that it is planning to enable blockchain e-books distribution. The company specializes in the distribution of digital products, like e-books, and upon seeing significant sales before and after the lockdown order, the company is looking to invest approximately USD 2.8 million for the blockchain e-books distribution project. The company added that the blockchain e-books distribution would be introduced first to My Anime List, which is considered the world’s biggest social community and database for anime and manga.
However, the low penetration of smartphones and similar devices in emerging countries can lead to low sales of online books, which is ultimately likely to impede market growth up to some extent over the forecast period.
By product type, the trade segment is projected to remain at the forefront in terms of share and growth rate over the forecast period. Many consumers are inclined towards reading fiction, non-fiction, and literature among others. Easy availability of such books online at minimum prices is foreseen to drive its demand in the coming years.
Asia Pacific is foreseen to expand at a maximum CAGR of 7.1% over the forecast period. Growing usage of smartphones and similar devices, rising internet penetration, and growing consumers’ preference for online books over printed ones are likely to fuel market growth in the coming years. In addition, closure of non-essential business amidst pandemics, such as physical bookstores and schools, as an effort to curtail the spread of the virus has surged the demand for online books. For instance, in April 2020, during the lockdown period, the Media Do Holdings recorded a 20% year-on-year growth on the sales of digital books.
Online Book Services Market Report Highlights
Online Book Services Market Growth & Trends
The global online book services market size is anticipated to reach USD 27.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. The rising number of digitally-savvy readers, coupled with increasing usage of smartphones and tablets for reading books online, is likely to spur market growth.
The online books are gaining significant popularity over traditional books owing to easy accessibility online and convenience offered. As per the independent research, e-book penetration was 10.5% in 2018 and is expected to reach around 12% by 2022. Besides, a growing number of adults who own either a tablet, smartphone, or an e-reader device is expected to create a positive outlook for the market in the coming years.
Although e-book subscription services have existed for several years and currently, they are witnessing significant traction. Subscription services are known to give users access to huge, deep catalogs of content at a fixed monthly price. Very few players in the market have achieved a level of success in generating revenue through these models, for instance, as of 2020, Amazon has over 2.5 million and Scribd, Inc. has 1 million paying subscribers. However, other major players are channelizing on this model to gain a competitive edge in the market.
Several players operating in the market are focusing on strategic measures to reach a large number of consumers to boost revenue growth. For instance, in May 2020, Media Do Holdings announced that it is planning to enable blockchain e-books distribution. The company specializes in the distribution of digital products, like e-books, and upon seeing significant sales before and after the lockdown order, the company is looking to invest approximately USD 2.8 million for the blockchain e-books distribution project. The company added that the blockchain e-books distribution would be introduced first to My Anime List, which is considered the world’s biggest social community and database for anime and manga.
However, the low penetration of smartphones and similar devices in emerging countries can lead to low sales of online books, which is ultimately likely to impede market growth up to some extent over the forecast period.
By product type, the trade segment is projected to remain at the forefront in terms of share and growth rate over the forecast period. Many consumers are inclined towards reading fiction, non-fiction, and literature among others. Easy availability of such books online at minimum prices is foreseen to drive its demand in the coming years.
Asia Pacific is foreseen to expand at a maximum CAGR of 7.1% over the forecast period. Growing usage of smartphones and similar devices, rising internet penetration, and growing consumers’ preference for online books over printed ones are likely to fuel market growth in the coming years. In addition, closure of non-essential business amidst pandemics, such as physical bookstores and schools, as an effort to curtail the spread of the virus has surged the demand for online books. For instance, in April 2020, during the lockdown period, the Media Do Holdings recorded a 20% year-on-year growth on the sales of digital books.
Online Book Services Market Report Highlights
- The trade product segment is expected to reach USD 20.0 billion by 2027
- Asia Pacific is expected to witness substantial growth over the forecast period with a revenue-based CAGR of 7.1% from 2020 to 2027.
- The key market players are focusing on strategic initiatives such as blockchain distribution to reach a larger consumer base
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
CHAPTER 3. ONLINE BOOK SERVICES MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Online Book Services Market
3.7. Market Entry Strategies
CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
CHAPTER 5. ONLINE BOOK SERVICES MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Trade
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Education
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Science, Technology & Medicine (STM)
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
CHAPTER 6. ONLINE BOOK SERVICES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2019 & 2027
6.2. North America
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.2.3. The U.S.
6.2.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.2.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.3.3. The U.K.
6.3.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.4.3. Japan
6.4.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.6. Middle East & Africa (MEA)
6.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.6.2. South Africa
6.6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.6.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key Global Players, Recent Developments & Their Impact on The Industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key Company Market Share Analysis, 2019
CHAPTER 8. COMPANY PROFILES
8.1. Amazon (Kindle Direct Publishing/KDP)
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Apple (iBookstore)
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Barnes & Noble (Nook)
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Kobo (Writing Life)
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Google (Play)
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Smashwords, Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. HarperCollins Publishers
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Hachette Book Group
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Lulu Press, Inc.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Scribd, Inc.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
CHAPTER 3. ONLINE BOOK SERVICES MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Online Book Services Market
3.7. Market Entry Strategies
CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
CHAPTER 5. ONLINE BOOK SERVICES MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Trade
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Education
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Science, Technology & Medicine (STM)
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
CHAPTER 6. ONLINE BOOK SERVICES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2019 & 2027
6.2. North America
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.2.3. The U.S.
6.2.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.2.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.3.3. The U.K.
6.3.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.4.3. Japan
6.4.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.5.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.6. Middle East & Africa (MEA)
6.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
6.6.2. South Africa
6.6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.6.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key Global Players, Recent Developments & Their Impact on The Industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key Company Market Share Analysis, 2019
CHAPTER 8. COMPANY PROFILES
8.1. Amazon (Kindle Direct Publishing/KDP)
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Apple (iBookstore)
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Barnes & Noble (Nook)
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Kobo (Writing Life)
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Google (Play)
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Smashwords, Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. HarperCollins Publishers
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Hachette Book Group
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Lulu Press, Inc.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Scribd, Inc.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
LIST OF TABLES
1. Online Book Services - Key market driver analysis
2. Online Book Services - Key market restraint analysis
3. Global trade product market estimates and forecast, 2016 - 2027 (USD Million)
4. Global education product market estimates and forecast, 2016 - 2027 (USD Million)
5. Global Science, technology & medicine (STM) product market estimates and forecast, 2016 - 2027 (USD Million)
6. North America online book services market estimates and forecast, 2016 - 2027 (USD Million)
7. North America online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
8. U.S. online book services market estimates and forecast, 2016 - 2027 (USD Million)
9. U.S. online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
10. Europe online book services market estimates and forecast, 2016 - 2027 (USD Million)
11. Europe online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
12. U.K. online book services market estimates and forecast, 2016 - 2027 (USD Million)
13. U.K. online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
14. Germany online book services market estimates and forecast, 2016 - 2027 (USD Million)
15. Germany online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
16. APAC online book services market estimates and forecast, 2016 - 2027 (USD Million)
17. APAC online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
18. Japan online book services market estimates and forecast, 2016 - 2027 (USD Million)
19. Japan online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
20. China online book services market estimates and forecast, 2016 - 2027 (USD Million)
21. China online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
22. CSA online book services market estimates and forecast, 2016 - 2027 (USD Million)
23. CSA online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
24. Brazil online book services market estimates and forecast, 2016 - 2027 (USD Million)
25. Brazil online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
26. MEA online book services market estimates and forecast, 2016 - 2027 (USD Million)
27. MEA online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
28. South Africa online book services market estimates and forecast, 2016 - 2027 (USD Million)
29. South Africa online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
30. Vendor landscape
1. Online Book Services - Key market driver analysis
2. Online Book Services - Key market restraint analysis
3. Global trade product market estimates and forecast, 2016 - 2027 (USD Million)
4. Global education product market estimates and forecast, 2016 - 2027 (USD Million)
5. Global Science, technology & medicine (STM) product market estimates and forecast, 2016 - 2027 (USD Million)
6. North America online book services market estimates and forecast, 2016 - 2027 (USD Million)
7. North America online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
8. U.S. online book services market estimates and forecast, 2016 - 2027 (USD Million)
9. U.S. online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
10. Europe online book services market estimates and forecast, 2016 - 2027 (USD Million)
11. Europe online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
12. U.K. online book services market estimates and forecast, 2016 - 2027 (USD Million)
13. U.K. online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
14. Germany online book services market estimates and forecast, 2016 - 2027 (USD Million)
15. Germany online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
16. APAC online book services market estimates and forecast, 2016 - 2027 (USD Million)
17. APAC online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
18. Japan online book services market estimates and forecast, 2016 - 2027 (USD Million)
19. Japan online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
20. China online book services market estimates and forecast, 2016 - 2027 (USD Million)
21. China online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
22. CSA online book services market estimates and forecast, 2016 - 2027 (USD Million)
23. CSA online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
24. Brazil online book services market estimates and forecast, 2016 - 2027 (USD Million)
25. Brazil online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
26. MEA online book services market estimates and forecast, 2016 - 2027 (USD Million)
27. MEA online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
28. South Africa online book services market estimates and forecast, 2016 - 2027 (USD Million)
29. South Africa online book services market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
30. Vendor landscape
LIST OF FIGURES
1. Online Book Services market: Snapshot
2. Online Book Services market: Segmentation & scope
3. Online Book Services market: Penetration & growth prospect mapping
4. Online Book Services market: Value chain analysis
5. Online Book Services market: Porter's analysis
6. Online Book Services market: Roadmap analysis
7. Online Book Services market: Product movement analysis
8. Online Book Services market: Regional movement analysis
9. Online Book Services market: Estimated market share analysis, 2019
1. Online Book Services market: Snapshot
2. Online Book Services market: Segmentation & scope
3. Online Book Services market: Penetration & growth prospect mapping
4. Online Book Services market: Value chain analysis
5. Online Book Services market: Porter's analysis
6. Online Book Services market: Roadmap analysis
7. Online Book Services market: Product movement analysis
8. Online Book Services market: Regional movement analysis
9. Online Book Services market: Estimated market share analysis, 2019
