Online Reading Platform Market 2022-2028

Description

List of Tables

Title:Global Online Reading Platform Market Size, Share & Trends Analysis Report by Application (Personal, and Commercial), by Deployment Mode (Cloud-based, and Website-based), and by Subscription Type (One Time License, Yearly, Quarterly, and Monthly) Forecast Period (2022-2028).

The global online reading platform market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. One of the core factors that is boosting the market is the lower prices of e-books as compared to paperback or hardcover books. Paperback or hardcover books cost a lot since it requires hundreds of pages, printing, binding, packaging, and moving from production to retailer which adds a lot of cost with less profit. However, e-books can be downloaded simply which makes them far cheaper than a paperback. Moreover, an e-book is an environmentally friendly option since the need for paper is obsolete. For instance, in May 2021, Kobo informed us that eBook consumption raised by 60% year-on-year for March 2021. The use of Kobo e-Readers has also grown by 61% as compared to previous years' data.

The global online reading platform market is segmented based on the application, deployment mode, and subscription type. Based on the application, the market is segmented into personal, and commercial. Based on the deployment mode, the market is sub-segmented into cloud-based, and website-based. Based on the subscription type, the market is sub-segmented into the one-time license, yearly, quarterly, and monthly. Among the deployment mode, the cloud-based segment is anticipated to grow in the market during the forecast period, owing to the rapid adoption of cloud-based platforms across the globe. Deploying a cloud model offers several benefits including inflexibility and scalability. It also offers long-time cost-saving advantages by minimizing data center maintenance costs and declining data storage costs.

Geographically, the global online reading platform market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is anticipated to grow significantly in the market during the forecast period owing to the growing smartphone penetration with internet connections available at an affordable rate. This has increased the online education system in the region which has grown exponentially in COVID-19. As per the UNICEF report 2020, more than 90% of Southeast Asian countries have implemented some form of remote learning policy in response to the pandemic.

The major companies serving the global online reading platform market include Amazon.com, Inc., Apple, Inc., Barnes & Noble, Rakuten Kobo Inc., Smashwords, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Rakuten Kobo and Booktopia, an Australian online book retailer, launched the Kobo Plus in Australia, the all-you-can-read eBook subscription giving to readers unlimited access to numerous eBook titles. The launch extended the exclusive partnership between Kobo and Booktopia after the companies released co-branded e-reading apps for iOS and Android in April 2020.

Research Methodology

The market study of the global online reading platform market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Online Reading Platform Market Research and Analysis by Application.
Global Online Reading Platform Market Research and Analysis by Deployment Mode.
Global Online Reading Platform Market Research and Analysis by Subscription Type.

The Report Covers:

Comprehensive research methodology of the global online reading platform market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global online reading platform market.
Insights about market determinants that are stimulating the global online reading platform market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026776

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Amazon.com, Inc.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Apple, Inc.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Barnes & Noble
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Rakuten Kobo Inc.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Smashwords, Inc.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Online Reading Platform Market by Application
- 4.1.1. Personal
- 4.1.2. Commercial
4.2. Global Online Reading Platform Market by Deployment Mode
- 4.2.1. Cloud-based
- 4.2.2. Website-based
4.3. Global Online Reading Platform Market by Subscription Type
- 4.3.1. One-Time License
- 4.3.2. Yearly
- 4.3.3. Quarterly
- 4.3.4. Monthly

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Project Gutenberg
6.2. Internet Archive
6.3. Open Library
6.4. Google LLC
6.5. Blurb, Inc
6.6. Scribd
6.7. NetGalley LLC (Bookish)
6.8. 24Symbols
6.9. China Literature Group
6.10. Literature & Latte Ltd.
6.11. Wattpad Corp.