The E-Reader Market is being driven by Longer battery life of E-readers
The E-Reader Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10439.6 million. The localization of e-book content through in-device translations and publisher embedments is a significant trend in the e-reader market. With numerous native languages such as French, Spanish, and Hindi spoken worldwide, consumers prefer e-books they can easily understand. E-readers like Amazon Kindle Oasis offer built-in translator applications, enabling instant translation of e-books into commonly spoken languages. This not only enhances accessibility and distribution but also reduces costs and improves content mobility for publishers and consumers alike during the forecast period.
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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 |
217 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.4% |
Market growth 2025-2029 |
USD 10439.6 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.8 |
Key countries |
US, China, UK, India, France, Japan, South Korea, Germany, Canada, Brazil, US, China, India, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The E-Reader market offers advanced features such as haptic feedback systems, color displays with front light technology, adjustable reading mode settings, brightness level control, and high contrast ratio displays. Other key features include screen refresh latency, power saving modes, ergonomic design, offline reading capability, annotation tools, and lens technology. Additional benefits include long battery life, firmware updates, connectivity options, user customization, accessibility features, device durability testing, screen protector options, support for various digital book formats, e-book library management, intuitive user interface, application support, and content sharing features. Audiobooks offer chapter markers for enhanced listening experience, while portability and fast charging complete the package.
The e-reader market, a segment of the larger technology hardware, storage, and peripherals market, is experiencing significant growth due to advancements in display technology. E-ink display, with its high contrast and low power consumption, is a key differentiator. Additionally, the introduction of backlit e-reader screens and touchscreen responsiveness enhances user experience. Technavio projects the global technology hardware, storage, and peripherals market size, which includes e-readers, to expand due to the increasing volume, velocity, veracity, and variety (4Vs) of data, necessitating advanced data storage solutions. The market's growth is further driven by the proliferation of IoT devices and the shift towards remote work, fueling demand for portable and efficient technology solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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