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Lucintel Estimates Global Book Industry to Reach $172 Billion by 2017
Irving, Texas (PRWEB) October 06, 2012
The book industry is undergoing a sea change with technology penetration. In this digital age, the e-book is the new face of the industry and is expected to be the fastest growing market in future. During 2006-2011, the global book industry reached $121.6 billion in 2011 and is forecast to reach approximately $172.2 billion by 2017 with 6% CAGR over 2012-2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global book industry and offers its findings in “Global Book Industry 2012-2017: Trend, Profit, and Forecast Analysis."
The focus of the report is North America, Europe, Asia Pacific, and Rest of the World. Currently, Europe dominates the industry. During 2006-2011, APAC witnessed the highest growth and is expected to hold its lead position over the next five years.
Lucintel observes that with the unveiling of more sophisticated tablets and cheaper wireless internet access is expected to fuel growth in the consumer book market. Some of the essential emerging trends that are expected to shape the industry's future course are digital publishing and convergent platforms. A variety of factors such as literacy level, income level, and technological changes is seen to impact the industry dynamics significantly.
Digital Right Management (DRM) software and monetizing growing demand for digital content or digital transformation are hampering the growth elements in the industry. Lucintel’s market research indicates that increasing disposable income with improved economic condition and changing distribution channels are some of the key factors that drive the industry.
This Lucintel research report provides insights into the recent industry scope and overview, global macroeconomic overview, annual industry trend, emerging trends, industry forecasts, future opportunities, hazards, and the profitability analysis of the major industry players.
The data and analysis found in this report can be utilized for a variety of functional business reasons, including business development, strategic planning, determination of market size and trends, competitive market analysis, investment decisions, and joint product development.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors' questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.
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