eBooks Market To Trigger a Revenue Worth $20.93 Billion with a CAGR 3.0% By 2028

eBooks Market To Trigger a Revenue Worth
$20.93 Billion with a CAGR 3.0% By 2028
“The global eBooks market size is expected to reach USD 20.93 billion by 2028. The
market is expected to register a CAGR of 3.0% from 2021 to 2028 due to the factors,
such as localization of content, more interactive & attractive eBooks, availability of
high-speed data networks, and increasing adoption of smartphones with advanced
functionalities.”
The global eBooks market size is expected to reach USD 20.93 billion by 2028. The market is expected to register a CAGR
of 3.0% from 2021 to 2028 due to the factors, such as localization of content, more interactive & attractive eBooks,
availability of high-speed data networks, and increasing adoption of smartphones with advanced functionalities. In
addition, the rising per capita income levels and increasing purchasing power are further supporting the market growth.
The professional and educational segment accounted for the largest revenue share of more than 61% in 2020. eBooks,
such as business money, arts & photography, engineering & technology, health, fitness, sports, computers, and travel,
are included in this category. Professional eBooks are helpful in decision-making, empowering literacy thinking, etc. The
education sector has started adopting technology and digital platform. Prices of eBooks are lesser compared to printed
books. Thus, students prefer eBooks over printed ones.
The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 on account of the
increasing adoption of smartphone devices across various countries. Compared to other devices, smartphones are easy
to carry and customer-friendly, thus enabling easy access to eBooks on mobile apps. Mobile apps offer functionalities,
such as font size adjustments, easy distribution & purchase, and backup & storage. Thus, the smartphone devices
segment is expected to contribute to the growth of the market.
North America held the largest revenue share in 2020 and will retain the position throughout the forecast period. The
U.S. is positively contributing to the growth of the regional market. In North America, eBooks are the convenient choice
compared to printed books due to the benefits, such as portability and quick access. North America is one of the
promising regions due to the launch of new technologies, in terms of infrastructure and advanced network technology,
and quick adoption of the same, which allow product distribution in the fastest way. In addition, supportive digital
policies by the local governments are positively contributing to the market growth.
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eBooks Market Report Highlights
• Asia Pacific was the dominant regional market in 2020 and is estimated to expand further at the fastest CAGR
from 2021 to 2028
• North America is projected to witness a significant growth rate from 2021 to 2028 due to the presence of wellestablished
brands and manufacturers in the region
• The professional & educational product segment accounted for the maximum revenue share in 2020
• Professional eBooks are helpful in decision-making, empowering literacy thinking, etc., which drives the segment
growth
• The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 as these devices
made reading more convenient, which supports their demand
eBooks Market Segmentation
Million Insights has segmented the global eBooks market on the basis of product, device, and region:
• eBooks Product Outlook (Revenue, USD Million, 2017 - 2028)
• Consumer
• Professional & Educational
• eBooks Device Outlook (Revenue, USD Million, 2017 - 2028)
• Smartphones
• Tablets & eReaders
• Others
• eBooks Regional Outlook (Revenue, USD Million, 2017 - 2028)
• North America
• U.S.
• Europe
• Germany
• France

• U.K.
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
List of Key Players of eBooks Market
• Amazon.com, Inc.
• Apple, Inc.
• Bertelsmann SE & Co. KGaA
• Hachette Livre
• HarperCollins Publishers
• John Wiley and Sons, Inc.
• McGraw Hill
• Cengage Learning, Inc.
• Macmillan publishers
• Kensington Publishing Corp.
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