Online Reading Platform Market Industry Share, Size, Growth, Segments and Forecast - 2031

The global online reading platform market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. The primary factor boosting market growth is the growing number of self-publishing books. In the past few years, self-publishing has become a lot more popular across the globe as publishing from a traditional publisher has been so hard. More often, traditional publication chooses to publish books written by a celebrity or already established writers, which has turned most of the emerging writers to self-publish their book via online publishing or reading platforms such as Kindle of Amazon.com, Inc., Smashword, Wattpad, and others which has made the publishing book far easier, and quicker.

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As per the report of Publishers Weekly in 2022, the number of book titles has been increased to 4 million new books being published in 2021 which was 2.3 million book titles published in 2013, with approximately half of those titles published by self-published authors. This has contributed to the market via new books available for the readers which have engaged them to be a subscriber of the application. Moreover, it has also found some best-selling books, franchises, and authors. For instance, in May 2022, HarperCollins announced publishing “War of Lanka”, the 4th book of the Ramchandra series, written by bestselling author, Amish Tripathi. The writer’s first book “Immortals of Meluha” was initially self-published in 2010 after getting rejected by 20 traditional publishers. However, the success of the book turned traditional publishers to publish the book under their name. 

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Market Coverage

• Segment Covered- 

o             By Application

o             By Deployment Mode

o             By Subscription Type

• Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape- including Amazon.com, Inc., Apple, Inc., Barnes & Noble, Rakuten Kobo Inc., Smashwords, Inc., and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Online Reading Platform Market Report Segment

By Application

• Personal
• Commercial

By Deployment Mode

• Cloud-based
• Website-based

By Subscription Type

• One Time License
• Yearly
• Quarterly
• Monthly

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