The global E-Publishing market is forecast to reach USD 48.90 Billion by 2027, according to a new report by Reports and Data. The global E-Publishing Market is growing predominantly as both the readers and authors of books, newspapers, and magazines have long been appreciating the electronic media of content consumption and deliberately started using these owing to the global lockdown caused by COVID-19 pandemic. The online presence of the press & newspaper companies helped them retain their valuable readers. Besides, book authors & publishers who faced prominent constraints in publishing the physical books, can gain the customers using the e-books platforms. Advancements in the e-reading devices, print on demand (POD), and e-ink efficiencies are some of the subordinate factors playing a significant role in driving the market forces. Besides, a growing digital learning platform is the key propelling ingredient for the inclination towards the e-book services as a significant amount of the customers who stepped into the e-learning platform are now adopting the e-books services replacing the conventional physical books.
Prominent global players who once invested heavily in the e-books platform are now outperforming many traditional book publishers companies. Amazon, Apple, Google who have some of the largest consumer base with direct interaction, have increasingly observed the requirement of the more and more books from all the genres that already have a significant user base, are highly demanded to have the presence as an e-book. Besides this, these companies have made way for fresh authors to publish their books and gain a prominent customer base to compete with the traditional publishers.
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The COVID-19 Impact:
The COVID-19 pandemic has directly hit the offline bookselling and book pushing industries. In the global lockdown scenario, many book publishers that deal in physical book printing and selling have faced restrictions in both the ways of printing and selling thee books. The same situation has been followed in the newspaper companies during the epidemic.
However, with the help of e-publishing availability, most of these companies can withstand a survival profit margin as more and more customers are now accustomed to electronic content consumption. Also, creating a barrier of stepping outside of the home, the lockdown considerably increased the leisure time of many common individuals who now prefer using the e-books or e-magazines to spend their free time.
Intelligent building management systems, telecommunications, computer and network hardware, video-conferencing, satellite systems, social networking, and other technologies are all covered under the umbrella term of information and communication technology (ICT). ICT is a complex and difficult field to work in since it necessitates substantial research and development as well as significant investments in the development of technologically advanced hardware and software to tackle complex challenges. Advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Virtual Reality (VR), Mixed Reality (MR), and Augmented Reality are used in the sector to implement commercial applications and control the nation’s security and governance.
The global E-Publishing market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
the forecast period.
Conclusively, all aspects of the E-Publishing market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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