Global Audio Books Market Technology, Future Trends, Top Key Players(2023-2030)

Global Audio Books Market size was valued at USD 323.99 billion in 2022 and is projected to reach USD 527.26 Billion by 2030, growing at a CAGR of 5.56 %from 2023 to 2030.

An Audio Books Market 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 discs, 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.

Top Company Profiles Include in Audio Books Market Report:

Storytel (Sweden), Audible Inc. (US), Amazon. co Inc. (US), RB media (US), Playster (US), Google Inc. (US), LMBPN Publishing LLC (US), Rakuten Inc. (Japan), iBook by Apple Inc. (US), Scribd (US), LibriVox & Downpour (US), Over Drive Inc. (US), Hoopla (US), SAG-AFTRA (US), INGRAM GROUP LLC (US), Kobo (Canada) and other major players.

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The latest research on the Audio Books Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Audio Books Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Audio Books Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Segmentation Analysis of the Audio Books Market

By Genres      

•          Personal Grooming & Motivational
•          Fiction
•          Historical
•          Educational
•          Suspense & Thriller
•          Miscellaneous

By Subscription Types          

•          Monthly
•          Semi-Annually
•          Yearly

By Devices Types       

•          Desktop, Laptops & Tablets
•          Smartphones
•          Personal Digital Assistants

By Platforms Types   

•          Android
•          iOS
•          Windows
•          Website

By Age Groups           

•          Adults
•          Kids

By Applications         

•          Personal
•          Entertainment
•          Educational Institutes
•          Industries/Commercial Sector
•          Book Club
•          Learning

 Market share data Market Segment by Regions and Countries Level Analysis:

•   North America (U.S., Canada, Mexico)
•   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•   Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•   Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•   Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•   South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Audiobooks Market:

•          In November 2021, The Story tel Group, one of the global key audiobook and e-book streaming companies, signed a definitive agreement to purchase Audiobooks.com from KKR for an enterprise value of USD 135 million on a cash and debt-free basis. Audiobooks.com is one of the top services for audiobook experiences in the U.S. With this accession, Story tel builds its trajectory of expansion and lucrative growth to the largest English-language audio market globally.
•          In May 2021, Spotify is further extending into the latest segment of audiobooks which means the company has declared a new partnership with audiobook platform Story tel, which will enable existing Storytel subscribers to connect their account with Spotify to access their audiobooks within Spotify's app. The collaboration is the first notable example of what's possible with Spotify's recently launched Open Access Platform (OAP), which focuses on offering creators and publishers a way to extend their reach.
•          In May 2021, RB media, the largest audiobook manufacturer in the world, declared the acquisition of McGraw Hill Professional's audiobook publishing business, which includes its catalog of previously published titles, as well as a multi-year agreement to become the exclusive audio publisher for all of McGraw Hill Professional's new titles.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

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