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E-Book Market to grow by USD 14.52 Billion (2025-2029), as benefits and reader engagement of e-books boost the market, Report on how AI is driving market transformation – Technavio

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NEW YORK, Jan. 29, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global e-book market size is estimated to grow by USD 14.52 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  10.7%  during the forecast period. Benefits and reader engagement of e-books is driving market growth, with a trend towards increasing adoption of different formats for publishing e-books. However, growing number of privacy breaches  poses a challenge. Key market players include Amazon.com Inc., Apple Inc., Barnes and Noble Booksellers Inc., Beacon Press, Bertelsmann SE and Co. KGaA, Blurb Inc., Cengage Learning Holdings II Inc., Georg von Holtzbrinck GmbH and Co. KG, Hachette Livre, Harper Collins Publishers, John Wiley and Sons Inc., Kensington publishing Corp., Lulu Press Inc., Manning Publications Co., McGraw Hill LLC, Pearson Plc, Rakuten Kobo Inc., Simon and Schuster Inc., Smashwords Inc., and Springer Verlag GmbH.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

E-Book Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.7%

Market growth 2025-2029

USD 14522.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 45%

Key countries

US, Canada, UK, China, Germany, Japan, France, Spain, South Korea, and India

Key companies profiled

Amazon.com Inc., Apple Inc., Barnes and Noble Booksellers Inc., Beacon Press, Bertelsmann SE and Co. KGaA, Blurb Inc., Cengage Learning Holdings II Inc., Georg von Holtzbrinck GmbH and Co. KG, Hachette Livre, Harper Collins Publishers, John Wiley and Sons Inc., Kensington publishing Corp., Lulu Press Inc., Manning Publications Co., McGraw Hill LLC, Pearson Plc, Rakuten Kobo Inc., Simon and Schuster Inc., Smashwords Inc., and Springer Verlag GmbH

Market Driver

The E-book Market is experiencing significant growth due to technical development and the widespread adoption of reading devices. E-books offer numerous advantages over actual books, including convenience, multilingual support, and instant access to a vast library of titles. The global e-book market has seen in demand, driven by the increasing use of smartphones and tablets as reading devices. Major publishers like Hachette, Penguin Random House, Wiley, and HarperCollins are embracing this trend, offering their content in digital format. E-books are a low-cost alternative to hard copies, making them popular among budget-conscious consumers. However, concerns over copyright violations and IP infringement cases persist, with content providers seeking to protect their intellectual property. Environmental protection campaigns have also influenced the e-book market, with the potential to save trees and reduce paper use. The influence of technology on education is significant, with learning experiences and real-time access to educational content becoming the norm. E-lending and worldwide adoption of e-books continue to grow, with online services offering convenient delivery and eliminating shipping delays associated with traditional bookstores. The latest hardware and software systems are enhancing the e-reading experience, making it more engaging for readers. Despite these advantages, some readers still prefer hard copies, and bookstores continue to play a role in the market. However, the convenience and cost savings of e-books are making them an increasingly popular choice for millennials and Generation Z. The digitization of books is a trend that is here to stay, with Marvel, DC, and other publishers embracing the digital format. 

The e-book market is experiencing notable growth due to the increasing popularity of various e-book formats. Notable formats include Mobi, EPUB, and KF8, which are favored for their compatibility with various e-reader devices and user-friendly interfaces. Newer formats like EPUB2 and EPUB3, adopted by digital educational publishers, offer advanced features. EPUB, an e-book standard by the International Digital Publishing Forum (IDPF), is based on eXtensible markup language (XHTML), cascading style sheets (CSS), and extensible markup language (XML). These formats have become essential for publishers to cater to the evolving reader preferences. 

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Market Challenges

Title: Navigating the E-book Market: Overcoming Challenges and Seizing Opportunities The E-book Market has seen significant growth, driven by technical development and the adoption of reading devices. However, it faces challenges such as global demand for multilingual features, e-lending, and copyright violations. The actual book industry grapples with low-cost alternatives and the influence of technology. Technical development and the rise of portable devices like smartphones and tablets have made e-books a convenient delivery system. Major publishers like Hachette, Penguin Random House, Wiley, and HarperCollins have embraced this trend, offering digital formats to cater to the millennial and Generation Z demographic. However, challenges persist. High cost, digitization of books, and wastage due to paper use are ongoing concerns. Environmental protection campaigns, saving trees, and reducing shipping delays through online services are essential for the e-book market’s continued growth. E-book libraries, online retailers, and e-lending platforms have become essential players, offering a low-cost alternative to traditional delivery methods. Systems like the Internet Archive, Open Library Project, and copyright violations from content providers pose challenges. Overall, reader engagement remains a priority, with hard copies and bookstores facing competition from e-books. The e-book market trends continue to evolve, influenced by the latest hardware, software, and learning through digital education.The global e-book market faces a significant challenge from copyright infringement and illegal file sharing. With the widespread availability of the Internet, piracy has become a major threat to publishers’ revenue. According to the Authors Guild, U.S. Publishers lose approximately USD300 million annually due to e-book piracy. This issue persists despite ongoing efforts to protect intellectual property. Publishers continue to grapple with the financial consequences of piracy, which undermines their ability to invest in new content and innovations. The fight against piracy remains a critical priority for vendors and publishers in the e-book industry.

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Segment Overview 

This e-book market report extensively covers market segmentation by  

Product 1.1 Consumer e-book1.2 Professional e-book1.3 Educational e-bookPlatform 2.1 Smartphones2.2 Tablet and laptopsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Consumer e-book-  The consumer e-book market, primarily driven by the demand for fiction titles, is experiencing significant growth. Fiction books, including adult and young adult genres, are the main contributors to this market’s revenues. Europe is a key region for fiction e-book sales, particularly in countries like Germany, Italy, the Netherlands, and Belgium. Commercial fiction, which includes genres like science fiction, thriller, romance, teen fiction, and young adult literature, dominates the market. The increasing popularity of teen fiction is due to its escapist appeal and nostalgic value for older readers. E-commerce vendors, such as BookyWooky in India, are crucial players in this market, offering interactive children’s books and catering to the growing demand for digital content. The market’s growth is expected to continue as consumers seek convenient, affordable, and engaging reading experiences.

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Research Analysis

Title: Unleashing the Power of E-Books: A Revolution in Reading E-books have transformed the way we read, offering a multitude of advantages over traditional physical books. The technical development of e-books has been rapid, with advancements in reading devices making them more accessible and user-friendly. One of the key drivers of e-book adoption is the widespread use of smartphones, which have become a low-cost alternative to dedicated e-readers. Multilingual features and e-book libraries have expanded access to literature for readers around the world. Online services have made it easier than ever to purchase and download e-books, providing convenient delivery right to your electronic device. Environmental protection campaigns have also played a role in the popularity of e-books, as they help save trees and reduce the carbon footprint of the publishing industry. However, e-books have not been without controversy. Copyright violations and IP infringement cases have been a concern for content providers, including major book publishers. The Open Library project and the Internet Archive have sought to address this issue by providing free access to digital books while respecting copyright laws. E-books have also influenced the way we learn, offering a more and interactive experience in a digital format. Despite the advantages, some readers still prefer the real-time experience of physical books. E-book sales continue to grow, but bookstores remain an important part of the literary landscape. Overall reader engagement with e-books is high, and the influence of technology on the publishing industry shows no signs of slowing down.

Market Research Overview

Title: Unleashing the Power of Words: A Deep Dive into the Global E-book Market Introduction: Welcome to the fascinating world of E-books! In this E-Book, we’ll explore the dynamic and ever-evolving E-book market, focusing on its technical development, advantages, and current trends. Technical Development: The E-book market has seen significant technical advancements, with the introduction of various reading devices and apps, enabling seamless access to digital content. Reading Devices: From dedicated E-readers to smartphones and tablets, these devices offer readers a multilingual feature, making literature accessible to a global audience. Advantages: E-books offer numerous advantages, such as convenience, portability, and instant access to vast libraries of content. They’re also a low-cost alternative to traditional hard copies. Adoption of Smartphones and Tablets: The widespread adoption of smartphones and tablets has significantly contributed to the growth of the E-book market. These devices offer a real-time reading experience, making literature more accessible than ever before. Global Demand: The global E-book market is witnessing in demand, with millions of users worldwide embracing digital formats. E-book Libraries and Online Services: E-book libraries and online services have made it easier for readers to access a wide range of content, from classic novels to the latest releases. Environmental Protection: E-books contribute to environmental protection by reducing paper use and saving trees. However, they also face challenges related to IP infringement and content piracy. E-lending and Worldwide Adoption: E-lending platforms and the worldwide adoption of E-books have transformed the way we consume literature. Influence of Technology: The influence of technology on the E-book market is immense, with digitization of books, Marvel and DC’s digital format offerings, and the impact of millennials and Generation Z. Digital Education: E-books play a crucial role in digital education, offering learning experiences and the latest hardware and software. Conclusion: The E-book market is an exciting and ever-evolving landscape, shaped by technological advancements, reader preferences, and the influence of various industries. Stay tuned for more insights into this fascinating world! [Note: This content does not mention any specific key players or companies to maintain a neutral perspective.]

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductConsumer E-bookProfessional E-bookEducational E-bookPlatformSmartphonesTablet And LaptopsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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CHAI, A Leading Social AI Platform, Launches Creator Feed for UGAI

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March 15, 2025

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CHAI, a Palo Alto-based social AI platform, launches creator feed, boasts 1M+ daily users, over $20M in revenue, and aims to deliver it’s mission of user-generated AI.

PALO ALTO, Calif., March 14, 2025 /PRNewswire/ — CHAI, a social AI platform based in Palo Alto, has launched it’s creator feed – it showcases the most popular user-generated AI, UGAI.

With more than one million daily active users and $20 million in revenue, CHAI is evolving into an app with broad, general adoption.

What is CHAI? CHAI is a social AI platform where users can create their own AI. Since its launch three years ago, CHAI has experienced significant growth, particularly among Gen Z users. Now, to support further growth and wider adoption, CHAI has redesigned its brand.

Can you use CHAI AI in a browser? As of March 2025, no. CHAI is focused on delivering the most engaging social AI experience by hiring talented engineers to refine its app. While there are currently no plans for a web app, this may change in the future.

Is CHAI AI safe? CHAI has implemented a range of safety features that allow users to engage in dynamic chats while encouraging them to stay within established guidelines. By building better AI, CHAI aims to enhance user value and experience.

What makes CHAI special? CHAI is designed to be the most engaging social AI, delivering highly entertaining conversations. Many users rely on it to craft interactive stories and immersive experiences.

Why do people love CHAI? CHAI employs advanced AI techniques to increase the entertainment value of its bots. Users chat with AI to write interactive novels and have engaging conversations, supported by a variety of genres that appeal to avid novel readers.

Sometimes regarded as the best free AI chatbot, CHAI is paving its way to widespread adoption of conversational social AI for entertainment.

Who is the founder? William Beauchamp first started building CHAI with his sister in Cambridge UK in 2020. After building the first AI chat platform they relocated to Palo Alto.

Are they hiring? CHAI is a rapidly growing company that is known for paying very high salaries with an intense culture focused on delivering results and iterating quickly. Apply on CHAI’s website.

Press Contact:

Tom Lu
+1 (626) 594-8966
https://www.chai-research.com/

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SOURCE Chai

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China on track to achieve growth target for 2025, say experts and business leaders

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March 15, 2025

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BEIJING, March 14, 2025 /PRNewswire/ — A news report from chinadaily.com.cn：

China is expected to achieve its annual growth target of around 5 percent this year and present more business opportunities for both domestic and foreign companies, with its intensified efforts to spur innovation and further boost consumption and investment, economists and business leaders said at the “CEO: Grow with China” Roundtable hosted by China Daily on Friday.

“China’s economy is right on track to meet its preset annual growth target of around 5 percent for 2025, supported by its ultra-large domestic market, strong innovation capability, as well as a string of supportive policies aimed at boosting consumption and emerging industry investment,” said Lin Shen, a researcher at the Chinese Academy of Social Sciences’ Institute of World Economics and Politics.

Government policies aimed at fostering innovation and developing emerging industries have been steadily implemented. Fiscal policies and other innovation-friendly measures will play a crucial role in sustaining economic growth throughout the year, Lin said.

Lin highlighted the structural shifts in the economy, where new growth drivers are replacing old ones, and stressed that new quality productive forces, including AI-powered manufacturing, have begun to take hold. “Our new quality productive forces, coupled with AI empowerment, have integrated well with the manufacturing and the real economy. There will be significant progress in application scenarios.”

“Even though there are certain geopolitical headwinds, we are still very optimistic about China’s economic prospects this year as the country’s fiscal and monetary policies go hand in hand,” said Ole Gerdau, chief operating officer at Deutsche Bank China.

According to him, consumption will be the key driver of the economy, roughly contributing to two-thirds of China’s growth this year. The trade-in program, for which funding has been doubled, is expected to have a positive impact on consumption.

Gerdau said the emergence of Chinese AI startup DeepSeek is changing people’s perception about China’s innovation strength and technological advancements. “This creates a wake-up moment for the world that now might be the time to invest in China. We expect this year to be the turning point where international investors are going to shift their focuses and have a higher allocation into the Chinese market,” he said.

China is prioritizing new quality productive forces and enhancing financial services to enterprises in its economic agenda for the year, as policymakers announced recently the rollout of a raft of supportive measures aimed at creating new growth drivers for the world’s second-largest economy.

The People’s Bank of China, the country’s central bank, said late on Thursday that it will reduce the reserve requirement ratio and interest rates as appropriate based on the domestic and international economic and financial situation as well as the performance of financial markets.

The A-share benchmark Shanghai Composite Index rose 1.81 percent to close at 3419.56 points on Friday, while the ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, jumped 2.8 percent to close at 2226.72 points.

The National Development and Reform Commission recently announced that it would establish a national venture capital guidance fund, with the goal of enhancing, strengthening and expanding innovative enterprises. The fund is expected to attract nearly 1 trillion yuan ($138 billion) in capital from local governments and the private sector.

The participants at the roundtable emphasized that emerging sectors like artificial intelligence have great potential in China, presenting new opportunities for enterprises.

China’s AI-led innovation is also throwing up opportunities for businesses like Rolls-Royce, said Troy Wang, executive vice-president of Rolls-Royce Greater China.

“China’s focus on innovation-driven growth is making it continue to be an important country for Rolls-Royce, and it’s so much more than just a market for us,” Wang said.

“Rolls-Royce just achieved a record year in 2024 in terms of business performance and we’re confident about 2025,” he said, adding that the company is building Beijing Aero Engine Services Co Ltd, a joint venture in Beijing, into a world-leading digitally enabled aeronautical engine repair and overhaul shop.

Rani Jarkas, chairman of Cedrus Group, said that the development of AI requires a large amount of electricity, chips, and applications, and China has it all. “Technology speaks for itself,” he said.

“I think the innovation will continue and the opportunities will grow for Chinese companies going abroad and for foreign companies to come to explore the market and set up local units here,” he said.

Huang Yanxiang, co-founder and CEO of Shanghai CarbonNewture and ESG expert, said the current wave of AI-led innovation in China is transforming industries by integrating AI with manufacturing, boosting efficiency, and giving rise to new business models. For CarbonNewture, this means deeply integrating AI into its carbon accounting platforms, improving data analysis and reporting capabilities to deliver more precise and actionable insights.

The roundtable was jointly organized by China Daily Institute for Corporate Communication and China Services Information Platform.

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SOURCE chinadaily.com.cn

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NASA’s SpaceX Crew-10 Launches to International Space Station

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March 15, 2025

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WASHINGTON, March 14, 2025 /PRNewswire/ — Four crew members of NASA’s SpaceX Crew-10 mission launched at 7:03 p.m. EDT Friday from Launch Complex 39A at NASA’s Kennedy Space Center in Florida for a science expedition aboard the International Space Station.

A SpaceX Falcon 9 rocket propelled the Dragon spacecraft into orbit carrying NASA astronauts Anne McClain and Nichole Ayers, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov. The spacecraft will dock autonomously to the forward-facing port of the station’s Harmony module at approximately 11:30 p.m. on Saturday, March 15. Shortly after docking, the crew will join Expedition 72/73 for a long-duration stay aboard the orbiting laboratory.

“Congratulations to our NASA and SpaceX teams on the 10th crew rotation mission under our commercial crew partnership. This milestone demonstrates NASA’s continued commitment to advancing American leadership in space and driving growth in our national space economy,” said NASA acting Administrator Janet Petro. “Through these missions, we are laying the foundation for future exploration, from low Earth orbit to the Moon and Mars. Our international crew will contribute to innovative science research and technology development, delivering benefits to all humanity.”

During Dragon’s flight, SpaceX will monitor a series of automatic spacecraft maneuvers from its mission control center in Hawthorne, California. NASA will monitor space station operations throughout the flight from the Mission Control Center at the agency’s Johnson Space Center in Houston.

NASA’s live coverage resumes at 9:45 p.m., March 15, on NASA+ with rendezvous, docking, and hatching opening. After docking, the crew will change out of their spacesuits and prepare cargo for offload before opening the hatch between Dragon and the space station’s Harmony module around 1:05 a.m., Sunday, March 16. Once the new crew is aboard the orbital outpost, NASA will broadcast welcome remarks from Crew-10 and farewell remarks from the agency’s SpaceX Crew-9 crew, beginning at about 1:40 a.m.

Learn how to watch NASA content through a variety of platforms, including social media.

The number of crew aboard the space station will increase to 11 for a short time as Crew-10 joins NASA astronauts Nick Hague, Suni Williams, Butch Wilmore, and Don Pettit, as well as Roscosmos cosmonauts Aleksandr Gorbunov, Alexey Ovchinin, and Ivan Vagner. Following a brief handover period, Hague, Williams, Wilmore, and Gorbunov will return to Earth no earlier than Wednesday, March 19.Ahead of Crew-9’s departure from station, mission teams will review weather conditions at the splashdown sites off the coast of Florida. 

During their mission, Crew-10 is scheduled to conduct material flammability tests to contribute to future spacecraft and facility designs. The crew will engage with students worldwide via the ISS Ham Radio program and use the program’s existing hardware to test a backup lunar navigation solution. The astronauts also will serve as test subjects, with one crew member conducting an integrated study to better understand physiological and psychological changes to the human body to provide valuable insights for future deep space missions.

With this mission, NASA continues to maximize the use of the orbiting laboratory, where people have lived and worked continuously for more than 24 years, testing technologies, performing science, and developing the skills needed to operate future commercial destinations in low Earth orbit and explore farther from our home planet. Research conducted at the space station benefits people on Earth and paves the way for future long-duration missions to the Moon under NASA’s Artemis campaign and beyond.

More about Crew-10
McClain is the commander of Crew-10 and is making her second trip to the orbital outpost since her selection as an astronaut in 2013. She will serve as a flight engineer during Expeditions 72/73 aboard the space station. Follow McClain on X.

Ayers is the pilot of Crew-10 and is flying her first mission. Selected as an astronaut in 2021, Ayers will serve as a flight engineer during Expeditions 72/73. Follow Ayers on X and Instagram.

Onishi is a mission specialist for Crew-10 and is making his second flight to the space station. He will serve as a flight engineer during Expeditions 72/73. Follow Onishi on X.

Peskov is a mission specialist for Crew-10 and is making his first flight to the space station. Peskov will serve as a flight engineer during Expeditions 72/73.

Learn more about NASA’s SpaceX Crew-10 mission and the agency’s Commercial Crew Program at:

https://www.nasa.gov/commercialcrew 

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SOURCE NASA

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