Digital education publishing market in the us 20192023. Digital devices technologies market size, share and forecast. K, the readers are adopting ebooks at faster rates as compared to the printed books. Additionally, the presence of the majority of key vendors of digital transformation has contributed to the market growth in the region. An e book, also known as an electronic or digital book, is a digitally released version of a book, often consisting of text. Book sales are in decline but audio books are thriving cnbc. The global books market size was valued at usd 115.
The united states continues to be the biggest market for the audio format and in 2017. The interactive textbook market has been classified by endusers into k12 schools and higher education institutions. A guide to how market beaters have embraced the growth pass. Get up to speed on any industry with comprehensive intelligence that is easy to read. Ebook market size, share, analysis, 20142024 industry. The number of young adult e books published has exponentially exploded during the same period, due in part to the genesis and growth of the digital book market itself.
And to think it all began with books the paper kind that arrived in a box at the front door. Industry market research reports, statistics, analysis, data, trends and forecasts. The increasing consumer spending supported by increasing income is expected to boost market growth. The e book market is the fastest growing market in global book publishing industry,which is expected to show a substantial growth in cagr, from 2014 to 2020. In the first three months of 2015, 41 percent of ebook buyers read digital. Digital media has a huge part to play in the rise of the. This trend is supporting the growth of ebook market in these geographies.
Com publish new market research report on book publishing market global industry analysis, size, share, trends, growth and forecast 2018. Audiobooks continued their meteoric rise in 2017, a new report issued by the audio publishers association found, with another year of doubledigit growth. E books as a proportion of the market hit a high point in 20 of 28%, and overall the us book market has risen at a compound annual growth rate of 2% over five years. Global book publishing market, segmented by forecast rate of growth and scale, 202018 higher growth, largerscale markets this market comprises established books markets such as the us, canada and australia, as well as countries such as brazil and thailand, where print revenue is still growing alongside e books revenue. Digital education publishing market in the us is expected to post a cagr of nearly 12% during 20192023, according to technavio. Precision, agility, speed, scale download the collection growth is a new game shaped by rising consumer expectations, increasing competition, and digital disruption. However, the market for printed books is declining with the digitization of books and its easy availability and exchange over the internet. Survey however, the indian book industry receives no direct investment from the government a serious roadblock for publishers, the report says.
The global ebook market is projected to grow at a cagr of 3. Featuring information from more than 450 participants, including small, medium, and the largest u. Book publishing market 2018 global industry digital journal. Growth hacking is not a substitute for digital marketing. Rapid adoption of digital education technology among institutions is likely to create more scope of growth for the interactive textbook market over the forecast period. Along with large enterprises, the adoption of digital transformation by small and medium enterprises has also contributed to the growth of the market in north america. Print still remains the most popular format and ebook growth looks to be flattening. The growth of the market has been majorly driven by increasing penetration of smartphones for reading purposes in countries such as china, india and the u. The longterm books market print and ebooks is extremely flat, with a compound annual growth rate of 0.
Report includes an overview of the global markets for digital photography. Overdrive serves as the middle man between libraries and publishers of digital books. Physical book sales are growing at 3 percent to 4 percent after many years of decline. Audio publishers association 2018 annual survey, illustration by findaway. The players have adopted various growth strategies such as partnerships, agreements, and collaborations. Printed book sales rise for first time in four years as. Over the years, the book industry has remained a massive, greatly influential global consumer market.
Books market size, share, analysis global industry. Each year, students have more choices for how to spend their limited book. Digital devices technologies market for living room provides products that use varied technologies to give enhanced digital output for consumer products such as television home theatre etc. According to a 2017 report by grand view research, the global chatbot market is estimated to see a compound annual growth rate of 24. The next time you settle down with a good book, will you reach for a set of headphones instead of an ereader. Technical development and sophistication of reading devices that provide a similar experience to that of reading an actual book is the key factor driving the global ebook market. Ebook market segment forecasts up to 2020, research. Indian book market to touch rs 739 billion by 2020. The shared mentality behind both is an emphasis on experimentation, creativity and measurement in order to accomplish goals.
Despite what you heard, the ebook market never stopped. Global book publishing market, segmented by forecast rate. Digital audiobook revenue grew 37% year over year through november 2018. Five key trends in the book market news for authors. Trends influencing the growth of digital textbooks in us higher education article in publishing research quarterly 272. Global publishing market 20202024 growing impact of e books to boost market growth technavio.
Npd pubtrack digital is the only resource offering a comprehensive view of todays digital book market. Find industry analysis, statistics, trends, data and forecasts on e book publishing in the us from ibisworld. In fact, far from being separate entities, growth hacking and digital marketing are intrinsically linked. The newly reported annual sales survey from the apa shows audiobooks continuing to be the market lead for growth in formats, with listening in cars on the upswing in 2018. Digital payments are expected to reach a record 726 billion by 2020, according to a study by capgemini and bnp paribas. Trends influencing the growth of digital textbooks in us. Highereducation publishers face a growing threat from the rentaltextbook market.
Amazon steps up its battle with the book industry a recent change in the way the giant etailer sells books has publishers scrambling. Digital payments expected to hit 726 billion by 2020 cnbc. So the entirety of the market picture isnt available here, but the comparison of publishers reported sales levels to brickandmortar and online outlets is interesting. Libraries pay real money to provide these books, and every year both the acquisition and circulation of digital materials have shown robust growth, according to overdrives david burleigh. This growth will also create avenues for new digital product models, allow new content publishers to enter the textbook market, lead to fundamental shifts in purchasing patterns around learning materials, and expedite the formal adoption of open educational resources to augment premium digital. Audiobook publishers are hoping soand the market s anticipated growth lends weight to their aspirations. Audiobooks have grown more quickly than ebooks, but ebooks remain the larger market in libraries. I write about the future of books and the business of storytelling.
Amazon steps up its battle with the book industry the. Global publishing market 20202024 growing impact of e. Publishers can meet this challenge by shifting their emphasis from print to digital. The rise of audiobooks and the podcast industry deloitte. Keep in mind that the digital revenues reported by publishers cant include such revenues that are not reported by online retailers. Global ebook market revenue, by genre, 2014 2024 usd billion. The book to market ratio is used to find the value of a company by comparing the book value of a firm to its market value. New data from bowker market research provides more evidence of the slowdown in the growth of e book sales in 20, although the format still managed to capture more market share. Digital transformation market growth, trends, forecast. The global books market is expected to reach usd 124. But the percentage of growth in sales numbers for ya far exceeds the percentage growth in the young adult e book sales, which showed a dramatic overall increase. Audiobooks are the fastest growing segment in the digital publishing industry. The asia pacific ebook reader market estimated to account for a market value share of about 27% by the end of 2017 will experience an increase in market share to the tune of a whopping 310 basis points to hold a market share of about 30% by the end of the forecast period in 2020. Ebook publishing in the us market research reports.