The Global Online Reading Platform Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Online Reading Platform market and its key elements.
online reading platform market size is expected to reach USD 6.76 Billion in 2028 and register a revenue CAGR of 7.6% over the forecast period, according to the latest report by Emergen Research. Factors such as increasing use of portable reading devices such as smartphones and tablets, as well as growing consumer preference for reading books online or as an e-Book rather than in print are expected to drive global online reading platform market revenue growth during the forecast period.
The number of digital readers are increasing day by day as a result of increasing consumer preference for reading books online. Individuals currently prefer e-Books instead of carrying printed paper books around. Rapid adoption of smartphones and tablets is further boosting demand for e-Books, which is expected to drive revenue growth of the global market. Digital readers, also known as e-Readers, have gained steady popularity among a wide range of consumers in recent years. Students are the audience who have gained a major benefit owing to no need to carry around a heavy schoolbag with books. Also, retirees and others wanting to have access to reading material without the need to stock up on a home library can do so on online reading platforms for a more convenient reading experience.
The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Online Reading Platform industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2027.
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Some Key Highlights From the Report
· In May 2020, Walmart announced new versions of its Onn tablets starting at USD 99 and having several unique features for android tablets in that price range. The tablets run android 10 and charge via Universal Serial Bus Type-C (USB-C), and come bundled with Walmart apps such as Vudu, Sam\’s Club, and Walmart eBooks. As a result, demand for online books is increasing at a rapid pace each year.
· Commercial segment accounted for a significantly large revenue share in 2020 owing to rapid digitization of teaching and learning. During the pandemic, stringent social distancing norms were imposed globally. Online reading platforms also witnessed rapid revenue growth as a result of rapid adoption of online learning trend.
· Website-based segment registered a significantly large revenue share in 2020 owing to various benefits such as better user experience, flexible access, reliable authentication system, and convenient set-up.
The report also studies the key companies of the Online Reading Platform market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are: Amazon.com Inc., Barnes and Noble LLC, Rakuten Kobo Inc., Macmillan Publishers Ltd., Apple Inc., Lulu Press Inc., Smashwords Inc., DIY Media Group Inc., Scribd Inc., and Blurb Inc.
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report further divides the Online Reading Platform market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Online Reading Platform market.
- Application Outlook (Revenue, USD Million, 2018–2028)
- Deployment Mode Outlook (Revenue, USD Million, 2018–2028)
- Cloud-based
- Website-based
- Subscription Outlook (Revenue, USD Million, 2018–2028)
- One Time License
- Yearly
- Quarterly
- Monthly
- Language Outlook (Revenue, USD Million, 2018–2028)
- Chinese
- English
- Other Languages
- Reading Behavior Outlook (Revenue, USD Million, 2018–2028)
- Shallow
- Scanning
- Idle
- Regular
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Understanding the market size
The size of the Online Reading Platform market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Online Reading Platform report.
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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It further offers a comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Online Reading Platform market?
What are the key product types and applications of the Online Reading Platform industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Online Reading Platform market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Online Reading Platform Market by 2027?
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
