India E-Book Market Size Growth, Trends, Size, Share, Competitive Landscape, Revenue, Forecast Analysis to 2022-2031 – The Bollywood Ticket
Kenneth Research published a report on India e-book market which gives a detailed analysis of the current market landscape. The report evaluated for the forecast period, i.e. 2022-2031provides in-depth analysis of the market, based on size, volume, latest trends, opportunities and associated challenges.
The US market is recovering rapidly; In a statement dated May 4, 2021, the US Bureau and Economic Analysis and the US Census Bureau mention the recovery of US international trade in March 2021. The country’s exports reached $200 billion, up from $12.4 billion in February 2021. trend, imports amounted to $274.5 billion, increased from $16.4 billion in February 2021. However, as COVID19 still haunts economies around the world, average exports of year-over-year (year-on-year) to the United States decreased by $7.0 billion from March 2020 to March 2021 while imports increased by $20.7 billion over the same period. This clearly shows how the market is trying to recover and this will directly impact the Healthcare/ICT/Chemical industries creating a huge demand for India e-book market Some products.
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According to World Bank statistics, exports of ICT goods worldwide increased from 11.164% of total exports of goods in 2017 to 11.53% of total exports of goods in 2019. In addition, exports of ICT services are from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
“The final report will add the analysis of the impact of COVID-19 on this industry.”
India has been hailed as a potential market for books, a derivative of people’s passion for reading. The e-book, the digital format of the book, was an unknown area to browse even four years ago in the country. But, as new technologies create new readers, tech enthusiasts have started opting for e-books and reading them regularly. As the advent of e-books gains momentum in India, publishers and readers are wondering if the era of physical paper books is coming to an end. Considered a technological marvel, e-readers, along with the recent addition of smartphones and tablets, have become the supporting platforms that work in conjunction with e-books.
Drivers helping the sector to thrive include growth in education, increase in Internet users, changing demographics, increase in Internet-enabled computing devices, improvised content, and publishers saving money. costs in this format. The books will only find buyers when the literacy rate of the population is healthy. The increase in the number of Internet users is closely linked to the growth of e-books, since the product can only be purchased through the Internet. Factors such as changing demographics are having a positive impact as young people become interested in trying out new, innovative products and becoming more tech savvy. Improvised content like rich media content, audio and video add-ons create that buzz that attracts readers. Finally, publishers opt for this format because they save a lot of costs and manage to win in the long run. While these factors can be termed as growth drivers, there are some factors that act as barriers to the industry including negative consumer outlook related to cybersecurity and piracy, high prices of e-book readers, majority focus on textbooks and the lack of touching and feeling the item.
Some of the key trends identified in the industry include Apple endorsing apps, retail chain offering e-book reading app, drive to convert books into digital formats, foreign giants setting up stores in India , technology add-ons, digital rights management and sports category. appears to be a flourishing option. The e-book market in India is still in its infancy, but it is expected to usher in a positive change in the next 1-2 years.
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The market report answers the following questions:
What is the purpose of the report?
- The market report presents the estimated market size of India e-book market by the end of the forecast period. Additionally, the historical and current size of the market is also examined in the report.
- Based on various indicators, the year-on-year growth (%) and compound annual growth rate (CAGR) for the given forecast period are offered.
- A market overview based on geographic scope, market segmentation, and financial performance of major players is presented in the report.
- The report presents the current industry trends and the future scope of the market in North America, Asia-Pacific, Europe, Latin America, Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated into the research report.
- The report analyzes the growth rate, market size, and market valuation over the forecast period.
What aspects regarding the regional analysis market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa region.
- The report consists of a detailed analysis by region of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in each region including their countries during the forecast period is included in the market report.
On the basis of what factors are the major market players assessed in this report?
- The report offers a detailed analysis of the major companies in the market across the globe.
- It provides details of the major vendors involved in the Market including key players
- A comprehensive overview of each company including company profile, revenue generated, commodity prices and products produced is incorporated in the report.
- Facts and figures about market competitors along with the viewpoints of major market players are presented in the report.
- Recent developments, mergers and acquisitions related to the major players mentioned are provided in the market report.
What are the key insights extracted from the report?
- Detailed information about the estimated factors affecting the market growth and market share over the forecast period are presented in the report.
- The report presents the current scenario and future growth prospects of the market across various geographical regions.
- The analysis of the competitive landscape in the market along with the qualitative and quantitative information is delivered.
- SWOT analysis is conducted with Porter’s Five Force analysis.
- The in-depth analysis provides an overview of the market, highlighting the growth rate and the opportunities offered by the business.
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