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Audio Books Market Size, Sales, CAGR And Competition Data from 2022 To 2028

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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.

An audiobook or a talking book is referred to as a recording of a book or other work being read out loud. A reading of the complete text is described as unexpurgated, while readings of a shorter version are a synopsis. Spoken audio has been accessible in schools and public libraries and to a lesser extent in music shops since the 1930s. Many spoken word albums were prepared before the age of compact disc, cassettes, and downloadable audio often of poetry and acts rather than books. It was not until the 1980s that the medium started to attract book retailers, and then book retailers began displaying audiobooks on bookshelves rather than in separate displays.  The development of books-on-tape over the past two decades has enthrallingly shaped the availability of the paperback material to a larger focus audience with multiple listening mediums. Audiobooks were introduced in 1932 by The American Foundation for the Blind or visually damaged users. These were in the form of multiple 15 minutes recordings.

 The report Audio Books Market report provides an in-depth analysis of the Audio Books market, including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Audio Books market report provides an in-depth analysis of the market state of Audio Books manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Audio Books Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.

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Leading Key Players Covered in Audio Books Market:

  • Storytel (Sweden)
  • Audible Inc. (US)
  • 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.

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

Market Segmentation: -

 

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

 

     By Region: -

  • 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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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

Continue….

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