Audiobook services market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period. The emergence of digital transformation technologies is predicted to stimulate market innovation in the audiobook industry. Customers can now obtain audiobooks more easily as a result of advanced technologies such as the Internet of Things (IoT) and artificial intelligence (AI), and publishers have benefited from the current state of technology, which enables them to transform their physically written manuscripts into audio files. Additionally, amateur authors, narrators, and publishers can use any normal IoT device and the free version of the application to create decent-quality audiobooks and develop a career in the audiobook production business. Major market participants are adopting AI to provide customers with personalized results based on their listening history. Additional AI capabilities, such as automating recorded material narrations to improve text-to-speech technologies and giving file summaries with important takeaways, are likely to boost the industry during the forecast period.
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The global audiobook services market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among the regions, the North American region is expected to generate the highest market share. Similarly, Asia Pacific and Europe are predicted to be the leading areas for audiobook market growth. This is due to the existence of capital-intensive enterprises as well as the region’s large population.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Audiobook Services Market by Genre
- Fiction
- Non-Fiction
Global Audiobook Services Market by Preferred Device
- Smartphones
- Laptops and Tablets
- Personal Digital Assistants
Global Audiobook Services Market by Service Type
- One-time Download
- Subscription-Based
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- com, Inc. (Audible)
- Blackstone Audio, Inc.
- Brilliance Publishing
- Dreamscape Media, LLC
- Hachette Book Group, Inc.
- Harlequin Enterprises ULC
- HarperCollins Publishers LLC
- Macmillan
- Novel Audio Inc.
- Oasis Family Media
- Penguin Random House LLC
- Podium Publishing ULC
- Recorded Books, Inc.
- Scribd, Inc.
- Simon & Schuster, Inc.
- W F Howes Ltd.
The Report Covers-
- Market value data analysis for 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global audiobook services market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
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