Report ID: SQSG45B2023
Report ID:
SQSG45B2023 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|
Tables:
115 |
Figures:
77
Global Audiobooks Market size was valued at USD 6.20 billion in 2022 and is poised to grow from USD 7.88 billion in 2023 to USD 53.67 billion by 2031, growing at a CAGR of 27.1% during the forecast period (2024-2031).
Audiobooks are becoming increasingly popular among folks due to several advantages such as listening on the go and multitasking. From Compact Discs (CDs) and books-on-tape with portable media players in the early 2000s to smartphones becoming widespread today, the audiobooks business has evolved by embracing new listening modes with ease. The internet's widespread use has also contributed to the show's growing popularity among fans. The increased adoption of smart home technologies has created numerous industry opportunities.
Furthermore, technological developments in audiobook manufacturing have helped a variety of activities, including e-mail transmission of documents, digital recordings, and tablet computers instead of physical files. Because of the expanding number of home-based studios, narrators may now produce audiobooks in less time and at a lower cost.
US Audiobooks Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQSG45B2023