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E-book Market Share, Size,Growth, Trend, Analysis,Report and
Forecasts to 2024 | Hexa Research
“ The global E-book market is set to reach USD 29.43 billion by 2024.”
19 December 2018
The global E-book market is set to reach USD 29.43 billion by 2024, primarily driven by the advancement in
technology, rising population of educated youth, increasing smartphone penetration across the globe,
government policies promoting smart education, free accessibility and e-book reader applications. Moreover,
the availability of an online translation of e-book in various local languages is anticipated to drive the market
over the forecast period.
Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of rising adoption
of smartphones and other digital reading platforms such as Adobe eBook platform and Kindle. India and
China have a large number of educational institutes than any other country in the region. These educatio nal
institutes are preferring e-books over the conventional books to reduce the space as well minimize the cost
attached to with paper books.
Over 60% of the books sold in this region are educational owing to the higher number of educational
institutes. Preference of digitalization, especially journals in STM (Science, Technology and Medicine), to
access a larger volume of data seamlessly is expected to propel growth. This factor is expected to drive the
growth of the nonfiction & education segment, resulting in 28.4% contribution to the overall market by 2024.
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