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Technavio’s market research analyst predicts the e-book market in the US to grow at an impressive CAGR of approximately 14% until 2020. The rising penetration of smartphones and e-readers is a critical factor that propels the growth of the e-books market in the US as these devices act as an effective platform for the wide-scale adoption of e-books. Furthermore, the availability of an extensive range of e-books and efficient pricing policies by vendors will lead to the substantial growth of this market during the forecast period.
Additionally, the introduction of government initiatives, such as the Open eBooks initiative, will aid in the growth of this market until 2020. This initiative is expected to facilitate the supply of e-book titles to children from low-income families, which in turn will further enhance the prospects for growth in this market.
The non-fiction e-book segment dominates this market and accounts for well over one-third of the total market share during the forecast period. These e-books are priced higher than their other counterparts, and their sale is driven by the high demand for religious non-fiction e-books from across the globe.
In this market study, analysts have estimated the tablets segment to currently account for over 40% of the total market share. Benefits such as the presence of a wide screen, high resolution, and a broad range of other applications will spur the prospects for growth in this market segment during the estimated period.
The e-book market in the US is highly competitive owing to the presence of well-established vendors. These vendors mostly compete on the basis of promotional strategies and aggressive pricing of e-books. To stay competitive in this market, the vendors are expected to focus on product extension over the forecast period.
Key vendors in this market are -
Other prominent vendors in the market include e-books.com, eHarlequin eBook Store, Google E-books, Lulu, OmniLit, Smashwords, and Waterstones.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Country overview
PART 06: Market landscape
PART 07: Market segmentation by product
PART 08: Market segmentation by reading device
PART 09: Market segmentation by age and gender
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Explore Technavio
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