According to the research report titled ‘Global Online Book Service Market Size study, by Product (Trade, Education and STM (Science, Technology & Medicine)), and Regional Forecasts 2021-2027’, available with Market Study Report, global online book service market is expected to record substantial returns over 2021-2027.
 

Growing penetration of smart devices like smartphones and tablets, along with decreasing price of e-books encouraging students to opt for them instead of textbooks are propelling global online book service market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3862718/
 

In fact, the number of e-books sold in the United States in 2010 was roughly 69 million, which jumped to 191 million in 2020, indicating enormous industry growth. The usage of e-books is increasing as bookstores worldwide are closed owing to the COVID-19 pandemic, which further adds to the market development.
 

For the unaware, online book service is a solution that allows simple access to many types of appendices, dictionaries, books, character profiles, and other resources that aid in quickly locating information and make reading more enjoyable. It also contributes to environmental benefits by reducing the amount of paper required in the production of paper books.
 

Initiatives taken by the government for environment protection to promote trees, and gathering information through the web for education and research are likely to enhance the overall market outlook.
 

Speaking of factors restraining global online book service industry expansion, privacy and copyright issues among book writers and e-sellers are posing a challenge.
 

Coming to regional terrain, Asia Pacific, North America, Europe, and Latin America are the key contributors to the overall market growth. Among these, North America currently holds major portion of worldwide online book service industry share, attributable to increasing disbursements of enterprises in research & development, and presence of major firms like Google LLC and Microsoft Corporation in the region.
 

On the other hand, Asia Pacific market is poised to amass notable returns by the year 2027, owing to growing penetration of tablets and smart phones, along with shifting inclination of customers towards digital books from printed ones.
 

Leading organizations in global online book service market are Kobo Writing Life, Barnes & Noble Inc. (Nook), Google Play, Smashwords Inc., Hachette Book Group (Lagardere SCA), Lulu Press Inc. (Lulu Enterprises Inc.), Scribd Inc., News Corporation (HarperCollins Publishers LLC), and Apple Inc. (iBooks Store).