Europe Audiobook Market in Europe to grow by USD 1862.49 Mn through 2023-2027 | Forecast and Trend Analysis
Europe - Audiobook Market is forecasted to witness humongous market growth of USD 1,862.49 million across the region. It is estimated to exhibit growth at a CAGR of 20.37% between 2022 and 2027. Determinants such as benefits and reader engagement of audiobooks, the rising adoption of online local language translation modules in audiobooks, and the proliferation of smart devices and applications are some of the catalysts that is propelling the market advancement
Europe - Audiobook Market can be segmented by age group (adults and kids) and genre (non-fiction and fiction).
Technavio has been monitoring the Europe - Audiobook Market's growth trajectory the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Europe - Audiobook Market Analysis at a Glance
Emerging Trends to Impact Market Growth: Quick digitization and the growing availability of mobile devices, such as tablets and smartphones, have increased the growth of online education, these devices can help educators provide high-quality education to students. The popularity of online education and digital literacy is trending in the Europe - Audiobook Market.
Core Companies Analysis: When it comes to the leading companies in this market, names worth mentioning are Alphabet Inc., Amazon.com Inc., Apple Inc., Awesound Inc., Barnes and Noble Booksellers Inc., Bertelsmann SE and Co. KGaA, Blackstone Audio Inc., Lulu Press Inc., News Corp., Nextory AB, Podium Publishing ULC, Rakuten Group Inc., RBmedia, Realm of Possibility Inc., Scribd Inc., Storytel AB, Strathmore Publishing and the Strathmore Studios, Ulverscroft Ltd., Vivendi SE, and W.F. Howes Ltd., etc.
Organisations Podium Publishing ULC offers audiobooks through various categories such as Fiction, SciFi, Fantasy, Romance, and Nonfiction, it also offers audiobooks in the form of CDs and digital apps.
Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. Request for a sample report on the Audiobook Market in Europe for more insights.