The E-Textbook Rental Market is being driven by Cost-effective pricing model
The E-Textbook Rental Market is expected to grow at a CAGR of 31.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1389.1 million. In the e-textbook rental market, companies are enhancing the digital learning experience for students by offering additional features beyond traditional textbooks. One such publisher, Inkling, has introduced a social aspect to e-textbooks, enabling students to rate, review, and share notes with their peers. Furthermore, software integrations enrich the learning experience with multimedia content, such as videos, 3-D images, and built-in assessments. These advancements provide a more interactive, user-friendly, and immersive educational journey for students.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
216 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 31.2% |
Market growth 2025-2029 |
USD 1389.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
23.4 |
Key countries |
US, UK, China, Germany, Canada, Japan, India, France, Italy, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The e-textbook marketplace is evolving, with digital textbooks becoming increasingly popular due to features like e-reader compatibility, textbook bundles, and student discounts. Academic partnerships and institutional licensing enable wider e-textbook distribution, enhancing content accessibility. UI/UX, mobile apps, and cross-platform compatibility ensure user convenience. Annotation tools, highlighting, note-taking, and search functionality boost learning. Student feedback, data analytics, and performance tracking offer personalized insights. Content updates, copyright compliance, and intellectual property rights maintain quality and security. Open access, piracy prevention, and market growth projections shape industry trends, influenced by technology innovation, educational shifts, and student demographics.
In the e-textbook rental market, digital textbooks and e-book rentals have emerged as cost-effective alternatives to traditional print textbooks for educational institutions and students. Firms operating in this sector must effectively pitch and profile their offerings to understand the unique requirements of the education services industry and their clients. This involves network and brand building to attract top talent and generate better referrals. Simultaneously, resourcing and communication operations are crucial for streamlining workflows and increasing value perceptions. Prominent activities include project management, resource planning, and effective client engagement and communication to enhance client satisfaction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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