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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.

A recent study on the Online Reading Platform market aims at leveraging the insights and perspectives derived on the basis of both qualitative and quantitative data evaluation for the forecast period, 2021-2028. The market intelligence reports on Online Reading Platform market dives deep into aspects including but not limited to the market size, growth and share across different regions to keep the stakeholders and business owners informed and help them make a wise business decision. For data-savvy product owners, sophisticated business evangelists and information-focused filed marketing personnel, looking to incorporate qualitative figures into their fundamental perspective the report presents an unrivalled statistical data on both past and future industry trends.

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A major factor expected to negatively impact market growth is reluctance among some societies and cultures to shift to more advanced and innovative modes of teaching, learning, and reading due to traditional values. Also, compilation and presentation, as well as planning for education purposes have been rigid over the ages. Content and material needs to be very precise and clear, and proper specialization and task optimization are key factors for consideration. Building a Backend-as-a-Service (BaaS) platform, in general, presents organizational, infrastructure, social, and technical challenges. These challenges are expected to hinder market revenue growth to some extent during the forecast period. However, the industry is being overtaken by technological advancements and cultural developments, and the trend is expected to prevail over the forecast period.

The extensive survey on the Online Reading Platform market further identifies data that best fits the business requirement such as product classification, application and important definition. In addition, the study takes into account series of industry-leading events designed to enlighten the product owners on return on investment, investment feasibility, supply chain management, consumption volume, customer behaviour and demand and supply. To bring in more accuracy and quality to the study of Online Reading Platform market the report interprets critical information through tables, infographics, and charts.

Report Objective:

The report offers a complete analysis of the global Online Reading Platform market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. 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.

 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.

Weekly segment revenue is expected to expand at a rapid rate during the forecast period owing to robust demand of short term and effective subscription packages.

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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period 2021-2028. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.

Emergen Research has segmented the global online reading platform market on the basis of application, deployment mode, subscription, language, reading behavior, and region:

Application Outlook (Revenue, USD Million, 2018–2028)

Personal

Commercial

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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Key point summary of the report:

The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

Thank you for reading the research report. We also offer report customization as per client requirement. Kindly connect with us to know more about the customization feature and our team will offer you the best suited report. 

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