Global Audiobooks Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

Audiobooks Market

The new report by Expert Market Research titled, β€˜Global Audiobooks Market Report and Forecast 2022-2027’, givesβ€―anβ€―in-depth analysis of theβ€―global audiobooks market, assessing the market based on its segments likeβ€―genres, preferred devices, distribution channels, target audiences, andβ€―major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assessesβ€―the market dynamics, covering the key demand and price indicators, along withβ€―analysingβ€―the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/audiobooks-market/requestsample

The keyβ€―highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027):β€―0%

There has been significant growth in the global market for audiobooks over the past few years. The growth has been a result of attractive offerings from audiobook service providers, expansion of the range of listening alternatives (smartphones, tablets, desktops, and smart speakers, among others), and an increase in the number of people taking to audiobooks for various reasons. Audiobooks are especially useful for the visually impaired and for those who like to read but do not have time. Traditionally, audiobooks have been used by teachers and schools to teach second language learners and students with learning disabilities. Audiobooks have provided an effective means to access and enjoy literature. Such aspects are expected to boost the global market of audiobooks.

Industry Definition and Major Segments

A voice recording of a text that can be listened to, is known as an audiobook. Rather than reading, users can listen to the context of the book. An audiobook can be an unabridged version of the text or a complete reading of the text word by word. Audiobooks, like digital video and music, are normally purchased and downloaded; while these can be purchased from online booksellers, there are public domain platforms where audiobooks can also be downloaded for free.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/audiobooks-market

By genre, the market is segmented into:

  • Fiction
  • Non-Fiction

The preferred devices in the market are classified into:

  • Smartphones
  • Laptops and Tablets
  • Personal Digital Assistants
  • Others

By distribution channel, the market is classified into:

  • One-time Download
  • Subscription-Based

Based on target audience, the market is segmented into:

  • Kids
  • Adults

On the basis ofβ€―region, theβ€―market is segmentedβ€―into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East andβ€―Africa

Market Trends

Audiobook listenership has been growing at a significant rate since the past few years. Children’s books form a significant part of audiobook sales. With an increase in children’s smart speaker consumption, the popularity of audiobooks among children has also been reported to increase significantly. One of the key drivers driving the market expansion is the simple accessibility of these paperback copies by physically disabled and non-English speaking communities. In recent years, the expansion of the internet has aided in gaining momentum amongst the consumers. The widespread use of smart home technologies has created the significant potential for the audiobook industry. The multiple benefits of audiobooks, such as providing brain stimulation and relaxation even during hectic schedules or multitasking, are predicted to play a significant role in the industry’s growth.

Key Market Players

The major players in the marketβ€―are Amazon Inc., Apple Inc., Audible, Inc., Barnes and Noble Booksellers, Inc., Downpour, Google, and Playster, among others. Theβ€―report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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