Audio Books Market 2023: Future Demand, Market Analysis & Outlook To 2029

Market Overview:
The Audio Books Market size is projected to reach 25.51 billion USD by 2028 from an estimated 5.26 billion USD in 2021, growing at a CAGR of 25.3% globally.

A recording of a book or other work being read aloud is referred to as an audiobook or talking book. The term "unexpurgated" refers to a reading of the entire text, while "synopsis" refers to readings of a shorter version. Spoken sound has been open in schools and public libraries and less significantly in music shops since the 1930s. Before the advent of the compact disc, cassette, and downloadable audio, many spoken word albums featured acts and poetry rather than books. Audiobooks were introduced in 1932 by The American Foundation for the Blind or visually damaged users.

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Market Dynamics:
Driver:
Young people are looking for quick ways to learn and make the most of their free time because they don't pay as much attention and have busy schedules. In recent times, younger audiences have been the ones who have used audiobooks the most. A typical audiobook reader is a wealthy man between the ages of 18 and 34 who listens to at least four audiobooks each year. The study found that men use more apps than women do, and their primary uses are entertainment and education.

Opportunities:
Language Translation and Versatility
A significant portion of the world does not speak English, and the majority of people worldwide are, at best, bilingual. As a result, they will not be able to listen to an audiobook that has been published in English or any other bestseller that has been translated into another language. As customers use the ability to listen to books while doing other things, versatility will gain traction. Podcasts and audiobooks are already being listened to in the car, at work, on public transportation, and in the gym.

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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

Analysis of the Top Market Players:
Players Covered in Audio Books market are: Storytel (Sweden), Audible Inc. (US), Amazon. co Inc. (US), RBmedia (US), Playster (US), Google Inc. (US), LMBPN Publishing LLC (US), Rakuten Inc. (Japan) , iBook's by Apple Inc. (US), Scribd (US), LibriVox & Downpour (US), OverDrive Inc. (US), Hoopla (US), SAG-AFTRA (US), INGRAM GROUP LLC (US), Kobo (Canada) and other major players.

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Segmentation of the Audio Books market
By Genres
• Personal Grooming & Motivational
• Professional
• Miscellaneous
• Other

By Devices Types
• Desktop
• Laptops & Tablets
• Smartphones
• Personal Digital Assistants

By Platforms Types
• Android
• iOS
• Windows
• Website

By Distribution Channel
• Subscription-Based
• One-Time Download

Regional Analysis for the Audio books Market:
North America is expected to dominate the audiobooks market as the region consists of some of the most active users base and the largest number of adaptable customers. The US in this region has the highest revenue over the globe. The US continues to become one of the most essential markets in the world as the country also captures the highest number of storybook readers. Moreover, the region is expected to retain it uphold as most of the leading companies are based in the U.S. such as Audible, Inc. (US), Amazon. co, Inc. (US), RBmedia (US), Playster (US), Google Inc. (US), LMBPN Publishing LLC (US), and others
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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COVID-19 Impact on the Audio books Market:
The covid-19 pandemic had generated incredible scenarios. The biggest one had been reading habits changing, with audiobooks applications rising substantially. With the lockdown enclosing people to their homes and restricting the options for outdoor entertainment, many people were exploring audiobooks along with their families. Therefore, it was crucial to understanding this unique increase in these trying times. And for readers, they sure were a boon, primarily in times when one could not visit bookstores or buy online. Growth in audiobooks was visible in the rose in portals such as Storytel, Audible, Librivox, Scribd, overdrive, Google Playbooks, apple books, and others. For instance, Shailesh Sawlani, CEO, audible India, had seen audible India's strong growth since its introduction in 2018. Speaking regarding the kind of books the platform saw the surge in, Sawlani said, "there had been a stimulating exploration of audio content and podcasts during the covid-19pandemic.

Table of Content:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Audio Books Market by Genres
Chapter 6: Audio Books Market by Devices Types
Chapter 7: Audio Books Market by Platforms Types
Chapter 8: Audio Books Market by Distribution Channel
Chapter 9: Company Profiles and Competitive Analysis
Chapter 10: Global Audio Books Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: North America Audio Books Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Europe Audio Books Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Asia-Pacific Audio Books Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: Middle East & Africa Audio Books Market Analysis, Insights and Forecast, 2016-2028
Chapter 15: South America Audio Books Market Analysis, Insights and Forecast, 2016-2028
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion

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