Geographical Segmentation and Growth Analysis
According to Technavio’s market research, the Books Market is estimated to grow at a compound annual growth rate (CAGR) of 5.43% between 2022 and 2027 and is all set to become a billion-dollar industry worldwide. It is forecasted to witness USD 33.21 Bn, market revenue in the next five years.
The major growth determinants comprise the use of interactive books for early literacy, followed by the growing popularity of eBooks, and the increasing use of gamification for interactive learning.
When it comes to market segmentation, it can be classified by type (adult books, higher education course materials, K-12 instructional materials, children's books, and others), distribution channel (local bookshops, online, specialty stores, and retail shops), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Snapshot of the Geographic Analysis of the Books Market
Geographic Growth Analysis of the Books Market
Record 38% of the market growth will originate from APAC during the forecast period followed by North America in the 2nd place.
When it comes to revenue contribution, North America is the dominating market worldwide. Looking at the technology-based education landscape, the US is the breeding ground for innovative educational solutions. This applies to modifying every aspect of education, be it e-books or software solutions.
" As per data in July 2020, Apple introduced interactive textbooks along with the iBooks Author software. Schools and institutions across the nation embrace these kinds of textbooks. Additionally, Canada also portrays the adoption of such textbooks by institutions. "
Leading names such as Bloomsbury Publishing Plc, Coordination Group Publications Ltd., Georg von Holtzbrinck GmbH and Co. KG, McGraw Hill Education Inc., Oxford University Press, Pearson Plc, RELX Plc, Roli Books, Rupa Publications India Pvt. Ltd., Scholastic Corp., The Bureau International de I Edition Francaise, etc are some of the major market participants that come with broad spectrum of offerings.
Technavio's research report offers an in-depth analysis of the market with respect to different geographical segments with a detailed analysis of all the trends, drivers, and challenges that will impact the market during the coming years. It also offers a data-backed profiling of all the regional players and their market share along with their product portfolio.Download our best-selling sample report for all the databacked insights.
