Global Online Book Services Market Size By Type (Trade, Education, Science, Technology & Medicine (STM)), By Competitive Landscape, By Geographic Scope And Forecast

Online Book Services Market Size And Forecast

Online Book Services Market size was valued at USD 18.10 Billion in 2020 and is projected to reach USD 28.26 Billion by 2028, growing at a CAGR of 5.75% from 2021 to 2028.

An electronic book also called an e-book is a digital form of a book & comprises both text & images. These books can be easily readable on electronic devices like computers, tablets, and smartphones. The rising adoption of these smart devices is considered as the major factor that is driving the demand for e-books globally. The Global Online Book Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Online Book Services Market Definition

An online book is a resource in a book-like form that is only available to read on the Internet. It differs from the common idea of an e-book, which is usually available for users to download and read locally on a computer, smartphone or on an e-reader. “Book-like” meansinformation is presented in a page format; pages are normally available to read sequentially (though “flipping” to another page is possible using a mouse, keyboard, or other controllers); and pages are read passively, with little or no interaction or multimedia.

Global Online Book Services Market Overview

Online books also make learning easy for users because most online editions include appendices, dictionaries, character summaries, and more. Thus, easy navigation i.e. by just clicking on a name or an unknown word, user can quickly find out more information that will make reading easier. This is also a great feature for kids who are learning to read. These factors are expected to drive the demand for online book services in the coming years.

With bookstores closed due to the global pandemic, more and more people are turning to eBooks! According to Good e-Reader’s blog, Kobo saw a surge of over 2 million new users in May 2020 alone. Why the jump? Well, an e-reader version is often cheaper than a hardcover or paperback, and many online bookstores are offering serious discounts to entice those first-time buyers. Plus, let's be real, going digital is an eco-friendly move, helping to reduce all that paper we use for traditional books. And the convenience! You can instantly download online books and store them right on your device. All of this is expected to really boost the eBook market in the years to come.

Lots of online book services are really paying attention to making sure their books can be easily seen and found online. They're also diving deep into marketing to help their books stand out in the super-competitive digital world. Think strong marketing campaigns combined with good online visibility, using both traditional media outreach and classic publicity & promotion tactics. Now, an electronic book – you might know it as an e-book – is basically a digital book that can have both text and images. You can read them super easily on your devices, like computers, tablets, and smartphones. And because everyone's using these smart devices more and more, that's a big reason why e-books are getting so popular worldwide. Plus, you've got governments all over pushing to protect the environment and save trees, which also helps e-books!

Global Online Book Services Market Segmentation Analysis

The Global Online Book Services Market is segmented on the basis of Type And Geography.

Online Book Services Market, By Type

• Trade
• Education
• Science, Technology & Medicine (STM)

Based on Type, The market is bifurcated into Trade, Education, Science, Technology & Medicine (STM). Online books also make learning easy for users because most online editions include appendices, dictionaries, character summaries, and more.

Online Book Services Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, The Global Online Book Services Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share in the forecast period. The attendance of significant players such as Microsoft and Google will boost the market growth with the help of incorporating technological advancements in the product portfolio. Increased disbursements of enterprises in Research and Development would expand the market growth across the region.

Key Players

The “Global Online Book Services Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Amazon, Apple, Barnes & Noble, Kobo, Google, Smashwords, Inc., HarperCollins Publishers, Hachette Book Group, Lulu Press, Inc., and Scribd, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations and Agreements

• Lulu.com, a self-publishing company, announced cooperation with Barnes & Noble in September 2020. The collaboration aims to publish Lulu.com authors’ work on the NOOK eReader. This collaboration assisted Lulu creators in reaching more people and selling more books.
• HarperCollins Publishers established a relationship with Glose, a digital platform, in July 2020. Following the collaboration, the former corporation named the latter as their new eBook provider in North America and the United Kingdom.
• Rakuten Kobo’s collaboration with Indigo Books & Music Inc., the world’s first cultural department store for booklovers, was extended in June 2019. The extension was designed to deliver Canadian novels in a variety of media, including audiobooks. Audiobooks, in conjunction with eBooks via the free Kobo app, enable consumers to squeeze more reading time into more sections of their day when traditional reading isn’t practical, such as while driving or commuting.
• Barnes & Noble Education, Inc. has expanded its collaboration with W. W. Norton & Company (Norton), America’s biggest independent, employee-owned book publishing enterprise. Following the growth, the companies planned to distribute high-quality digital entertainment on college campuses around the country. Norton’s digital courseware and eBooks are available through inclusive access models provided by BNED’s Barnes & Noble College and MBS Textbook Exchange subsidiaries on campuses served by BNED.

Mergers and Acquisitions

• Scribd bought SlideShare, a professional content sharing platform, from LinkedIn in August 2020. Users can use SlideShare to share professional information such as presentations, infographics, documents, and more. The acquisition assisted the company in diversifying its offering while drawing even more users to our digital library’s books, audiobooks, magazines, and other professionally published works.
• In February 2020, Hachette Book Group (HBG) acquired more than 1,000 titles from the Disney Book Group. The library includes Newbery, Caldecott, and Geisel award winners, bestselling series, and backlist titles by children’s literature superstars, as well as some new books scheduled to be released in 2020 and beyond. These titles will be published immediately under HBG’s Little, Brown Books for Young Readers (LBYR) division and imprint. Disney Publishing Worldwide (DPW) will concentrate on acquiring and developing material that can be used across many platforms and media in addition to books.
• Texture, a digital magazine subscription service operated by Next Issue Media LLC, was acquired by Apple in April 2019. Texture offers consumers unlimited access to their favorite titles in exchange for a monthly subscription fee. Texture brings over 200 of the world’s top magazines to life, allowing readers to read high-quality stories and full issues of their favorite titles in an easy-to-use interface. The acquisition expanded the company’s magazine collection.

Product Launches and Product Expansions

• Rakuten Kobo launched Kobo Plus, Canada’s all-you-can-read eBook subscription service, in July 2020. The new Kobo Plus collection includes literary classics like The Color Purple and Sophie’s Choice, as well as popular genre page-turners like Breathless in LoveThe Maverick Billionaires by Bella Andre (Romance), Next Door by Blake Pierce (Mystery), and The Emperor’s Edge by Lindsay Buroker (Sci-Fi).
• In June 2020, Amazon stated that when someone signs up for Kindle Unlimited, they would receive two free months. Kindle Unlimited is Amazon’s membership service that includes over one million books, select periodicals such as Time and National Geographic, and Audible narration on select titles.

Report Scope

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Reasons to Purchase this Report

We'll dive into the market with both qualitative and quantitative methods, looking at segmentation through economic lenses and beyond. You'll get clear market value data (in USD Billion) for every segment and sub-segment. We'll pinpoint the region and segment poised for the fastest growth and those that will lead the pack. Our geographical analysis will highlight product/service consumption, revealing what's driving the market in each area. Expect a competitive landscape view, complete with major player rankings, recent launches, partnerships, expansions, and acquisitions over the last five years. We provide SWOT analysis, company insights, and product comparisons in our detailed company profiles. We'll also give you current and future market outlooks, covering growth drivers, opportunities, challenges, and restraints in both emerging and developed regions. Plus, you'll get a deep dive into the market through Porter's five forces and a look at the Value Chain. Expect a view into market dynamics, growth opportunities for the future, and 6 months of analyst support post-purchase.

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