Size Of Ebook Market
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The printed book market is expected to lose market share due to digitization of books and its accessibility over the internet.
Size of ebook market. The global e book market henceforth referred to as the market studied was valued at usd 18 13 billion in 2019 and it is expected to reach usd 23 12 billion by 2025 registering a cagr of 4 9 during the forecast period 2020 2025 technical development and sophistication of reading devices that provide a similar experience to that of reading. On the basis of geography the e book market can be segmented intonorth america latin america western europe asia pacific japan eastern europe and middle east africa. E book market is seeing a rise across the covid 19 pandemic as the number of subscriptions is escalating people are getting more time at home due to the lockdown restrictions this factor may prove to be a game changer for the growth of the market across the forecast period of 2020 2030.
The global e book market is expected to witness growth owing to increasing reach and convenience offered and is gradually expected to replace traditional reading methods. Revenue in the ebooks segment is projected to reach us 14 747m in 2020.
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