Books Market is to grow by USD 33.21 billion from 2022 to 2027, Driven by the growing use of gamification for interactive learning - Technavio

    NEW YORK, NY, December 05, 2023 /24-7PressRelease/ -- The "books market by type (adult books, higher education course materials, K-12 instructional materials, children's books, and others), distribution channel (local bookshops, online, specialty stores, and retail shops), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the books market between 2023 and 2027 is USD 33.21 billion. The growing use of gamification for interactive learning is a key factor driving market growth. The integration of game design basics and academic concepts in books is defined as enhancing students' conceptual and practical knowledge. Moreover, the popularity of MOBILE Learning Interactive Book Sellers has made it tempting for others such as content creators and Platform Operators to optimize their products to allow them to be available on Mobiles.

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Market Challenge

The growing digital addiction is a significant challenge restricting the market growth. There is rising concern about digital addiction as the usage of smartphones and other wireless devices grows. Furthermore, the effects of increased time spent in front of a screen on other activities such as eating, reading, writing, and physical activity directly affect those who spend more time there.

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The books market is segmented by type (adult books, higher education course materials, K-12 instructional materials, children's books, and others), distribution channel (local bookshops, online, specialty stores, and retail shops), and geography (North American, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the adult books segment will be significant during the forecast period. Adult books offer college students several benefits, which include features such as embedded audio or video files and communications that facilitate their interaction with the teaching staff. Moreover, adult book distributors are not restricting themselves to an app; they have developed a tool that allows them to build their own content.

• APAC is estimated to contribute 38% to the growth of the global market during the forecast period.

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Key Companies in the Books Market:

Aleph Book Co., Bertelsmann SE and Co. KGaA, Bloomsbury Publishing Plc, Coordination Group Publications Ltd., Georg von Holtzbrinck GmbH and Co. KG, Idea and Design Works LLC, McGraw Hill Education Inc., Morris Publishing, News Corp., Oxford University Press, Pearson Plc, RELX Plc, Roli Books, Rupa Publications India Pvt. Ltd., Scholastic Corp., The Bureau International de I Edition Francaise, The Walt Disney Co., Thomson Reuters Corp., ViacomCBS Inc., and Vivendi SE

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ToC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

About Technavio

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With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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