Analysts forecast the E-books market in Europe to grow at a CAGR of 4.58% during the period 2018-2022.
An e-book is short of electronic books. It is a digital publication that can be read on acomputer, e-reader, or any similar electronic device. An e-book may be a novel, a magazine, newspaper or other publications. However, electronic versions of magazines and newspapers are often called "digital editions" to differentiate them from electronic books.
Due to the growth of digitization and continuous technological improvement, consumers are extensively demanding for gadgets and digital devices such as e-readers. E-readers enables the readers to access wide library of reading content.
E-book market is expected to witness significant growth on account of increasing digitalization of educational books and other genres of novels.
In the era of digitalization, the conversion of hard bound books to E-book is anticipated to revolutionalize the entire educational field especially Science, Medicine & Technology (SMT).
Furthermore, multi lingual features of E-books is an advantage which is expected to help gain share over the projection period. The growth of the market has been majorly driven by increasing penetration of smartphones for reading purposes in countries such as China, India and the U.S.