Market Analysis
The global UK e-reader market will touch USD 15.59 billion at a 6.25% CAGR by 2032, as per the recent Market Research Future report.
Drivers
Manifold Advantages to Boost Market Growth
E-readers have several benefits, including mobility, capacity, free e-books, learning other languages, and improved reading. As a result, there is a rise in online content adaption in the field of education. This increases the demand for online education and the accessibility of free e-books. The goal of an e-book reader is to promote mobility and raise knowledge of paper conservation, neither of which have a negative effect on the market growth for e-book readers.
Opportunities
Access to Enormous Content to offer Robust Opportunities
Readers may choose from assorted variety of books, periodicals, newspapers, & other written content thanks to the access that e-readers give them to sizable online libraries and e-book retailers. Readers with a variety of interests were drawn by the variety of options.
Restraints and Challenges
High Cost to act as Market Restraint
The high cost of e-readers, growing need for smartphones, increasing incidences of data theft, and eye strain from such devices may act as market restraints over the forecast period.
Market Segmentation
The global UK UK e-reader market is bifurcated based on screen size, screen type, connectivity, application, and distribution channel.
By screen size, 6-8 inch will lead the market over the forecast period.
By screen type, e ink will domineer the market over the forecast period.
By connectivity, 3/4G & Wi-Fi will spearhead the market over the forecast period.
By application, kids will have the lions share in the market over the forecast period.
By distribution channel, ecommerce will spur the market over the forecast period.
Key Players
Eminent market players profiled in the e reader market report include Ectacto Inc, Amazon.com Inc, Sony Corporation, News Corporation, Barnes & Noble, Hanvon Technology, Rakuten Kobo, Onyx International Inc, Arta Tech, Bookeen, and PocketBook International.
COVID-19 Analysis
Despite the fact that the COVID-19 epidemic had an impact on many markets throughout the world, the market's impact was somewhat muted since so many schools, universities, and institutions switched to an online education paradigm, which sparked a huge demand for e-readers. And as a result, the share of the UK UK e-reader market increased at a respectable rate. Some manufacturers had difficulties during the production process, but they quickly used technology to resolve them.
Regional Analysis
North America to Command UK UK e-reader market
North America is expected to become a significant regional market because of an increase in demand from the USA. Presently, the North American area has greater market revenue shares. The ubiquity of connected devices like smartphones, iPads, tablets, and other gadgets has raised demand for e-readers, giving North America the market's top spot. Additionally, the market is expected to grow as a result of regional disparities in ITC expenditure and technological advancements. To get a cutthroat edge in the market, major companies in this area are focusing on the release of e-Readers and eBooks.
APAC to Have Admirable Growth in E Reader Market
The forecast timeframe will see a steady increase in the Asia-Pacific market. The primary causes of this include increasing UK e-reader sales within China and expanding popularity in countries like India. The use of e-learning in today’s curriculum is expanding as a result of technical advancements in the field of education, which will improve each student's experience learning. One of the key factors affecting the market's growth is this. E-book readers may add comments, hyperlinks, & keyword searches to a variety of free e-books, including fiction, classics, and reference resources. Thus, students—especially those in universities—are converting from conventional books to e-books in order to better their entire reading experience.
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