Audiobook Market In Europe 2023-2027
The audiobook market in Europe is forecasted to grow by USD 1862.49 mn during 2022-2027, accelerating at a CAGR of 20.37% during the forecast period. The report on the audiobook market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the benefits and reader engagement of audiobooks, rising adoption of online local language translation modules in audiobooks, and the proliferation of smart devices and applications.
Technavio's audiobook market in Europe is segmented as below:
This study identifies the growing number of partnerships and product launches as one of the prime reasons driving the audiobook market in Europe's growth during the next few years. Also, the growing popularity of online education and digital literacy and the increasing use of voice assistants and smart speakers to listen to audiobooks will lead to sizable demand in the market.
The report on the audiobook market in Europe covers the following areas:
- Audiobook market in Europe sizing
- Audiobook market in Europe forecast
- Audiobook market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading audiobook market in Europe vendors that include Alphabet Inc., Amazon.com Inc., Apple Inc., Awesound Inc., Barnes and Noble Booksellers Inc., Bertelsmann SE and Co. KGaA, Blackstone Audio Inc., Lulu Press Inc., News Corp., Nextory AB, Podium Publishing ULC, Rakuten Group Inc., RBmedia, Realm of Possibility Inc., Scribd Inc., Storytel AB, Strathmore Publishing and the Strathmore Studios, Ulverscroft Ltd., Vivendi SE, and W.F. Howes Ltd.. Also, the audiobook market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.