E-Books : A Blessing in Disguise

E-Books - A Blessing in Disguise

?????????????????It's rightly said that “books are man's best friend “, and we can all agree with the same. Reading is one of the most enriching habits one can develop. Through the ages, books have undergone an evolution. From Manuscripts and Sutra to printed books and ebooks, books have managed to pose as the ultimate knowledge provider and have continued to promote growth and enhanced living. In the modern and busy world, where technology is getting popularised, E-books are serving as a vital and feasible option. While it's true that nothing could replace the smell of books, E-books are preferred nowadays for being convenient and easily accessible.??

?????????????????E-books come with several pros and that has helped increase their scope in the market. According to Statista Digital Market Outlook? Segment Report, In 2020, the number of eBook units sold in the USA reached a value of US$ 191 Million. The global ebook market size is estimated to grow by USD 8,316.2 million between 2022 and 2027 accelerating at a CAGR of 7.7%. The global eBook market size is estimated to be valued at US$ 19.95 Billion in 2022 and is projected to reach US$ 32.19 Billion by 2032.? Technical development and sophistication of reading devices that provide a similar experience to reading an actual book are the key factors driving the global eBook market. Advantages, like the portability, increasing adoption of smartphones, and the multilingual feature of e-books, are expected to drive the global demand for e-books.. The sales of eBooks are projected to rise at a CAGR of 4.9% from 2022 to 2032. One eBook reader stores thousands of eBooks, eliminating the need to carry many heavy books and some eReaders have offline accessibility, enabling users to utilize them even when there is no internet connection, readers may quickly access any eBook anytime and anywhere, which makes them more accessible than printed books and these are some features that contribute immeasurably in increasing the global outreach of e-books. From 2022 to 2032, the eBook market in North America is predicted to increase at a significant CAGR, making it the fastest-growing market in the global book publishing industry.

???????????????????According to writer Max Lakin from Magnolia Media Network, it’s estimated that Amazon’s share of the eBook market is around 67%, making it the leading retailer by a landslide. Behind Amazon, the second largest seller of eBooks is Barnes and Noble. B&N’s Nook accounts for nearly 25% of eBook sales in the US. Apple’s iBooks (or Apple Books as it is now named) holds roughly 5% of the market share, and Kobo holds less than 3% in the US. However, Kobo is the most popular eBook and audiobook company in Canada, and it has outperformed Amazon’s Kindle Store in France, Japan, and Australia.

?????????????????????Overall both Printed books and eBooks have their fair share of advantages and disadvantages and both have huge scope in the market but when it comes to accessibility, convenience, affordability, and advancement, E-Books definitely are a blessing!?