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Online Books Market Projected to Reach $9.5 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB), February 25, 2008 -- Online shopping has emerged as the latest fad amongst modern tech-savvy consumers for a wide range of products and services, including books. Proliferation of Internet use and growing number of broadband connections contributed significantly to overall market expansion. Further, online book purchases received a boost with brick and mortar retailers looking for ways to expand distribution channels. The emerging ebook concept is a lucrative offshoot of the online book industry. The market segment is expected to catch consumer fancy, and exhibit strong growth patterns in the future.
United States is the largest market for online books worldwide. The market is estimated at US$4.8 billion in 2007 as stated by Global Industry Analysts, Inc. Europe is the second largest regional market with a projected value of US$2.76 billion in 2009. The US and Europe together account for close to 95% of the global online books market (http://www.strategyr.com/Online_Books_Market_Report.asp). The global and regional markets are expected to register CAGRs ranging between 13% and 17%. Online sales of consumer books (http://www.strategyr.com/Online_Books_Market_Report.asp) are estimated at over US$4.2 billion in 2007. Academic and professional books (http://www.strategyr.com/Online_Books_Market_Report.asp) are forecast to register sales worth about US$3 billion in 2008.
A largely unregulated market, competition in the online book business is intensifying, riding on factors such as low cost, and wider product choice availability. Companies such as Amazon and Barnes & Noble continue to shape the fortunes of the online books market. The market also includes participants such as Abebooks, Alibris, Books24X7, Books-A-Million, Borders Inc, eBay, Indigo Books & Music Inc, Kinokuniya Company Ltd, Oxfordbookstore.com, Wal-Mart, Waterstone's, and WHSmith.co.uk.
"Online Books: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product/technology profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and the Middle East. Analytics are provided in terms of product segments including Consumer Books, Children's Books, Academic & Professional Books, and Other Books.
For more details about this research report, please visit http://www.strategyr.com/Online_Books_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site www.StrategyR.com
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