Latest News- E-reader Market: 8 GB is expected to lead the Capacity segment during 2024-2028

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 6.46% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7.01 billion. The localization of e-book content through in-device translations and publisher-embedded translations 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 that resonate with them. E-readers like Amazon Kindle Oasis offer built-in translator applications, enabling users to easily access content in their preferred languages. This not only enhances the accessibility and distribution of books to a broader audience but also helps publishers reduce costs and increase content mobility during the forecast period. By catering to the linguistic diversity of consumers, e-book publishers can expand their reach and increase customer satisfaction. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Capacity
  • 8 GB
  • 32 GB
  • 4 GB
• Screen Size
  • 6-8 inch
  • 8-10 inch
  • Above 10 inch
  • Below 6 inch
• Geography
  • North America
    • US
  • APAC
    • China
    • India
  • Europe
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Longer battery life of E-readers
• Benefits and reader engagement of e-books
• Glare/light pollution-free nature of E-readers

However, the market also witnesses some limitations, which are as follows:

• Lack of color range in E-readers hindering their adoption
• Low refresh rates in E-readers
• Increasing threat from printed books

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Market Scope in E-reader Market Research Report

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Research Analysis Overview

The e-reader market is witnessing significant growth due to the integration of smart technology, enhancing the learning experience through features like smart annotations and social reading. E-book sales are surging, with authors benefiting from out-of-print titles' digitalization and e-learning environments. High-resolution displays and brightness adjustment offer improved reading experiences. Feature-rich e-readers provide connectivity options like wi-fi and storage capacity for thousands of electronic publications. The industry's technological advancement includes e-ink technology, mLearning, and PDF format support. However, concerns over data theft, eye strain, and digital highlighters persist. The education sector embraces digitalization, offering discounts on e-reader devices and online book clubs for a more interactive learning experience.

Market Research Overview

The E-reader market is a significant segment of the global technology hardware, storage, and peripherals market, encompassing online reading platforms, e-learning, digital publications, and personalized learning tools. This market category, as per Technavio, includes mobile learning apps, ebook subscriptions, and ebook accessibility platforms. The parent technology hardware, storage, and peripherals market, which covers manufacturers of cellular phones, personal computers, servers, and peripherals, is projected to grow due to the expanding demand for data centers, driven by the COVID-19-induced work-from-home trend. This growth will positively impact the E-reader market, enhancing its potential for book promotion and digital content expansion.. 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
Website: www.technavio.com/