Smart AudioBook Player Market Introduction and Overview
According to SPER Market Research, the Global Smart AudioBook Player Market is estimated to reach USD 71.21 billion by 2033 with a CAGR of 26.5%.
The report includes an in-depth analysis of the Global Smart AudioBook Player Market, including market size and trends, product mix, Applications, and supplier analysis. A voice recording of a book or material that is listened to instead than read is called an audiobook. Books can be found in audiobooks in both abbreviated and word-for-word formats. An audiobook is a recorded version of a book, usually in audio format, that allows readers to skip over reading the text by having a narrator read it aloud. Audiobooks have grown significantly in popularity and become a booming industry in recent years.
- July 2022: RBmedia acquired two audiobooks in July 2022, one in France and one in the United States. CEO of RBmedia Tom MacIsaac claims that the acquisition advances the company's goal of domestic and international expansion.
- June 2022: Spotify announced the completion of its acquisition of Findaway, a distributor of audiobooks. The company highlighted the potential to diversify beyond music and podcasts by pursuing the "huge market opportunity" presented by audiobooks.
Market Opportunities and Challenges
People are using audiobooks more and more because of their many benefits, including multitasking and on-the-go listening. From books-on-tape and Compact Discs (CDs) with portable media players in the early 2000s to smartphones becoming widely used today, the audiobook industry has changed by readily accepting new listening modalities. The increasing popularity of the show among viewers can also be attributed to the expanding use of the internet. Numerous business opportunities have been generated by the growing use of smart home technologies. Technology advancements in the audiobook industry have also benefited a number of other endeavours, such as document delivery via email, digital recordings, and the use of tablet computers in place of physical files. Narrators may now make audiobooks faster and for less money because to the growing number of home-based studios.
On the other hand, the audiobook market faces challenges such as limited market Penetration in developing regions. Despite their growing popularity in wealthy countries, audiobooks are still not widely used in developing countries for a variety of reasons, including low smartphone penetration and restricted access to high-quality audio content. Additionally, it can be expensive and challenging to obtain the rights to create and distribute audiobooks. Due to copyright and licencing constraints, popular titles might not be accessible as audiobooks. The rising threat of open-source content in the audiobook market, driven by technology advancements and low barriers to entry, has led to providers offering inexpensive or free audiobooks. This, coupled with subscription-based open educational repositories, poses a challenge to the market by potentially hindering its growth in the foreseeable future.
Market Competitive Landscape
The major players in the market include: Apple, Audible, Beijing Douyin Information Service, Bookmobile, Google, Libby, Microsoft, Nook Audiobooks, RB Audiobooks, Realm, Shanghai Zendai Himalaya Network Technology, Tencent Technology, Others. To increase their market presence, businesses are using a range of tactics, including collaborations, mergers and acquisitions, product and service launches, and regional growth.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Apple, Audible, Beijing Douyin Information Service, Bookmobile, Google, Libby, Microsoft, Nook Audiobooks, RB Audiobooks, Realm, Shanghai Zendai Himalaya Network Technology, Tencent Technology, Others
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COVID-19 Impact on Global Smart AudioBook Player Market
Globally, COVID-19 has a disastrous influence on every industry area. However, the government's strict controls, which include orders to stay at home, the closure of businesses and cross-border operations, physical libraries and universities, among other things, have caused the market for audiobooks to rise at an exponential rate. Because of this, customers and book lovers tend to choose audiobooks, which allow them to listen to their favourite novels while juggling other tasks. In order to improve corporate operations and capitalise on this growing market, several manufacturers have introduced audiobooks in the wake of the COVID-19 outbreak. As an example, Audible Inc. has introduced a free audiobook collection in an effort to boost user involvement.
Key Target Audience:
- Audiobook Enthusiasts
- Bookworms
- Commuters and Travelers
- Entertainment Seekers
- Students and Lifelong Learners
- Tech-Savvy Users
- Visually Impaired or Print-Impaired Individuals
- Others
Our in-depth analysis of the Smart AudioBook Player Market includes the following segments:
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By Type:
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PC Terminal
Mobile Terminal
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By Application:
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Adult
Child
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report:
- Global Smart AudioBook Player Market Size (FY’2023-FY’2033)
- Overview of Global Smart AudioBook Player Market
- Segmentation of Global Smart AudioBook Player Market By Type (PC Terminal, Mobile Terminal)
- Segmentation of Global Smart AudioBook Player Market By Application (Adult, Child)
- Statistical Snap of Global Smart AudioBook Player Market
- Expansion Analysis of Global Smart AudioBook Player Market
- Problems and Obstacles in Global Smart AudioBook Player Market
- Competitive Landscape in the Global Smart AudioBook Player Market
- Impact of COVID-19 and Demonetization on Global Smart AudioBook Player Market
- Details on Current Investment in Global Smart AudioBook Player Market
- Competitive Analysis of Global Smart AudioBook Player Market
- Prominent Players in the Global Smart AudioBook Player Market
- SWOT Analysis of Global Smart AudioBook Player Market
- Global Smart AudioBook Player Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Smart AudioBook Player Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Smart AudioBook Player Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart AudioBook Player Market
7. Global Smart AudioBook Player Market, By Type (USD Million)
7.1. Global Smart AudioBook Player Market Value Share and Forecast, By Type, 2023-2033
7.2. PC Terminal
7.3. Mobile Terminal
8. Global Smart AudioBook Player Market, By Application (USD Million)
8.1. Global Smart AudioBook Player Market Value Share and Forecast, By Application, 2023-2033
8.2. Adult
8.3. Child
9. Global Smart AudioBook Player Market Forecast, 2019-2033 (USD Million)
9.1. Global Smart AudioBook Player Market Size and Market Share
10. Global Smart AudioBook Player Market, By Type, 2019-2033 (USD Million)
10.1. Global Smart AudioBook Player Market Size and Market Share By Type (2019-2026)
10.2. Global Smart AudioBook Player Market Size and Market Share By Type (2027-2033)
11. Global Smart AudioBook Player Market, By Application, 2019-2033 (USD Million)
11.1. Global Smart AudioBook Player Market Size and Market Share By Application (2019-2026)
11.2. Global Smart AudioBook Player Market Size and Market Share By Application (2027-2033)
12. Global Smart AudioBook Player Market, By Region, 2019-2033 (USD Million)
12.1. Global Smart AudioBook Player Market Size and Market Share By Region (2019-2026)
12.2. Global Smart AudioBook Player Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Apple
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Audible
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Beijing Douyin Information Service
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Bookmobile
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Google
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Libby
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Microsoft
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Nook Audiobooks
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. RB Audiobooks
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Realm
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Shanghai Zendai Himalaya Network Technology
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Tencent Technology
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
